253 Duckworth Street
St. John's, NL, A1C1G8
$499,000
About the property (MLS: 1281666):
Unique Opportunity! High exposure, 3 level plus full basement, commercial building is optimally located on the corner of Duckworth and Prescott Street in a convenient, high traffic area, downtown St. John’s! Main level is currently vacant with two washrooms, Second level has office space including reception area, two private offices, washroom and storage. Top level is vacant with four offices, kitchenette, board room and washroom. Basement is utilized for general storage and also includes a walk in vault. Ready for immediate occupancy! *Any HST applicable is the responsibility of the purchaser. (id:56688)
Property Details
Listing ID: 27906750
Address: 253 Duckworth Street, St. John's, Newfoundland & Labrador, Canada A1C1G8
Status: Active
Last updated: a month ago ( Feb 12, 2025 )
Property Type: Business
Structure Type: Other
Ownership Type: Freehold
Number of stories: 3
Number of Levels: 3
Heating: Heat Pump, Baseboard heaters, Forced air, Electric
Flooring: Mixed Flooring
Living Area Total: 6,040 square feet
Price per sq ft: $83
Tax Annual Amount: $15,431
Tax Year: 2025
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Heating: Heat Pump, Baseboard heaters, Forced air, Electric
Flooring: Mixed Flooring
Common Interest: Freehold
Business Type: Other, Retail and Wholesale
Building Features: Air Conditioning
Number of photos available: 1
Rurl
Coordinates: [47.566546, -52.705291]
Rooms
Basic Calculator
First Mortgage: $399,200
Mortgage insurance premium: $0
Total Financing: $399,200
Rough closing fee (1.5%): ~ $7,485
Total downpayment with estimated closing fee: $107,285
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $6,645 | $79,740 |
| Gross rental income (income/principal ratio) | 1.332% | 15.980% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $624 | $7,488 |
| Vacancy | $333 | $3,987 |
| Management Fee | $532 | $6,380 |
| Expense / Income Ratio | 9.39% | 9.39% |
| Cash Flow | $5,158 | $61,896 |
| Net Operating Income (NOI) | $5,158 | $61,896 |
| Capitalization Rate | 1.03% | 12.40% |
