125 Queen’s Road
St. John’s, NL, A1C2B4
$199,900
About the property (MLS: 1282655):
The main floor is a fully operational licensed bar. The lower area is a large extension to the bar with lots of possibilities. The second and third floor is a two bedroom apartment with one and a half bathrooms. With a complete renovation this could make an ideal airbnb or an apartment. This property offers great potential for the savvy investor. (id:56688)
Property Details
MLS: 1282655
Listing ID: 28038241
Address: 125 Queen’s Road, St. John’s, Newfoundland & Labrador, Canada A1C2B4
Status: Active
Last updated: 2 months ago ( Mar 24, 2025 )
Property Type: Business
Structure Type: Other
Ownership Type: Freehold
Number of stories: 2
Number of Levels: 2
Heating: Hot water radiator heat, Baseboard heaters, Oil, Electric
Flooring: Mixed Flooring
Living Area Total: 3,766 square feet
Price per sq ft: $54
Tax Annual Amount: $5,980
Tax Year: 2025
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Heating: Hot water radiator heat, Baseboard heaters, Oil, Electric
Flooring: Mixed Flooring
Common Interest: Freehold
Business Type: Other, Residential
Number of photos available: 38
Rurl
Coordinates: [47.563646, -52.710179]
Listing ID: 28038241
Address: 125 Queen’s Road, St. John’s, Newfoundland & Labrador, Canada A1C2B4
Status: Active
Last updated: 2 months ago ( Mar 24, 2025 )
Property Type: Business
Structure Type: Other
Ownership Type: Freehold
Number of stories: 2
Number of Levels: 2
Heating: Hot water radiator heat, Baseboard heaters, Oil, Electric
Flooring: Mixed Flooring
Living Area Total: 3,766 square feet
Price per sq ft: $54
Tax Annual Amount: $5,980
Tax Year: 2025
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Heating: Hot water radiator heat, Baseboard heaters, Oil, Electric
Flooring: Mixed Flooring
Common Interest: Freehold
Business Type: Other, Residential
Number of photos available: 38
Rurl
Coordinates: [47.563646, -52.710179]
Rooms
Basic Calculator
First Mortgage: $159,920
Mortgage insurance premium: $0
Total Financing: $159,920
Rough closing fee (1.5%): ~ $2,999
Total downpayment with estimated closing fee: $42,979
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $4,143 | $49,716 |
| Gross rental income (income/principal ratio) | 2.073% | 24.870% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $250 | $3,000 |
| Vacancy | $208 | $2,486 |
| Management Fee | $332 | $3,978 |
| Expense / Income Ratio | 6.03% | 6.03% |
| Cash Flow | $3,355 | $40,260 |
| Net Operating Income (NOI) | $3,355 | $40,260 |
| Capitalization Rate | 1.68% | 20.14% |
Capitalization Rate: 20.14%
After-repair value (ARV) (This is a rule for purchasing and flipping distressed real estate for a profit, which states that the purchase price should be less than 70% of after-repair value (ARV) minus repair costs (rehab).): $285,572
