35 York Street
St. John's, NL, A1C1K6
$450,000
About the property (MLS: 1282302):
If you are looking for a downtown office with the luxury of additional rental income, lots of storage plus a penthouse suite with separate entrance then look no further than 35 York Street. This 3900+ sq ft space offers a grand York Street entrance and 2 units for rent, then a 3rd floor multi-office space, and a 4th floor penthouse suite. The penthouse could be an Air BnB or perhaps a space for clients to stay for a night or two to enjoy the downtown core. The views of the harbour are stunning, and the location is stellar close to historical architecture, restaurants and a 10 minute walk from St. John's night life. There are several locations for indoor or outdoor entertainment spaces around the area to entertain clients and staff alike. The offices are in very good condition and move in and rent ready. (id:56688)
Property Details
Listing ID: 27990651
Address: 35 York Street, St. John's, Newfoundland & Labrador, Canada A1C1K6
Status: Active
Last updated: 9 days ago ( Mar 14, 2025 )
Property Type: Business
Structure Type: Special Purpose
Ownership Type: Freehold
View: Ocean view, View
Heating: Hot water radiator heat, Oil
Living Area Total: 3,975 square feet
Price per sq ft: $114
Tax Annual Amount: $8,962
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Heating: Hot water radiator heat, Oil
Cooling: Air exchanger
Common Interest: Freehold
Business Type: Accommodation, Other, Retail and Wholesale, Residential
Number of photos available: 27
Rurl
Coordinates: [47.569514, -52.702664]
Rooms
Basic Calculator
First Mortgage: $360,000
Mortgage insurance premium: $0
Total Financing: $360,000
Rough closing fee (1.5%): ~ $6,750
Total downpayment with estimated closing fee: $96,750
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $4,373 | $52,476 |
| Gross rental income (income/principal ratio) | 0.972% | 11.661% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $563 | $6,756 |
| Vacancy | $219 | $2,624 |
| Management Fee | $350 | $4,199 |
| Expense / Income Ratio | 12.87% | 12.87% |
| Cash Flow | $3,242 | $38,904 |
| Net Operating Income (NOI) | $3,242 | $38,904 |
| Capitalization Rate | 0.72% | 8.65% |
