About the property (MLS: 1282131):
Welcome to the Woodstock Public House, a beloved and iconic establishment that has been a staple in the community for over 90 years. This charming property is steeped in history and character, with a rich story that dates back to 1820. As a waypoint for horse and carriage, and later, train, this building has played a significant role in the region's development and has been a gathering place for generations of locals and visitors alike. The Woodstock Public House has been cared-for and updated to meet the needs of modern patrons. With 5 spacious dining rooms, 2 mini-splits, and new flooring in the main dining room, this property is the perfect place to relax and enjoy a meal or a drink with friends and family. The kitchen has been updated with new floors and a new walk-in cooler. Additionally, the building features 8 bathrooms, 76 parking spaces, and built-in speakers throughout, creating a lively and entertaining atmosphere. The property sits on a spacious 5.4 acres, providing ample room for expansion, outdoor events, and parking. The rear yard of the property is licensed for events and gatherings of +650 people, making it the perfect venue for weddings, festivals, and other large gatherings. But that's not all - the property's expansive acreage also presents a unique opportunity for development and growth. Imagine the potential for additions, expansions, or even new constructions to complement the scenic property. Whether you're looking to expand the restaurant's operations, add new amenities, or explore new ventures, the possibilities are endless. With its unique character, rich history, and development potential, the Woodstock Public House is a rare and exciting opportunity for entrepreneurs looking to own a piece of history. (id:56688)
Property Details
Listing ID: 27984252
Address: 1959-1961 Topsail Road, Paradise, Newfoundland & Labrador, Canada A1W1Z4
Status: Active
Last updated: 11 days ago ( Mar 5, 2025 )
Year Built: 1929
Property Type: Retail
Structure Type: Special Purpose
Ownership Type: Freehold
Heating: Electric, Other
Tax Annual Amount: $18,459
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Heating: Electric, Other
Common Interest: Freehold
Business Type: Restaurant
Number of photos available: 45
Rurl
Coordinates: [47.531179, -52.908081]
Rooms
Basic Calculator
First Mortgage: $1,360,000
Mortgage insurance premium: $0
Total Financing: $1,360,000
Rough closing fee (1.5%): ~ $25,500
Total downpayment with estimated closing fee: $365,500
Investment Calculator:
Monthly | Yearly | |
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Gross Revenue | $0 | $0 |
Gross rental income (income/principal ratio) | 0.000% | 0.000% |
Mortgage | $0 | $0 |
Monthly Expenses | $0 | $0 |
Vacancy | $0 | $0 |
Management Fee | $0 | $0 |
Expense / Income Ratio | NaN% | NaN% |
Cash Flow | $0 | $0 |
Net Operating Income (NOI) | $0 | $0 |
Capitalization Rate | 0.00% | 0.00% |