1 Centennial Street Unit#105
Mt. Pearl, NL, A1N0C9
$344,900
About the property (MLS: 1283054):
Ideally laid out to keep your business flowing and growing! Prime location in the heart of Mount Pearl and this is the first time one of these brilliant units was for sale in over six years. Please note that the adjoining unit is attached and owned by same vendors. This unit will also be listed for sale very shortly so you can make this over 2000 ft.² of working space for most any type of professional business. Exceptional value and shows very well. Call today to book your private viewing. Immediate possess is available for both units. (id:56688)
Property Details
MLS: 1283054
Listing ID: 28088940
Address: 1 Centennial Street Unit#105, Mt. Pearl, Newfoundland & Labrador, Canada A1N0C9
Status: Active
Last updated: 2 months ago ( Mar 28, 2025 )
Property Type: Retail
Structure Type: Other
Ownership Type: Freehold
Heating: Electric
Living Area Total: 1,024 square feet
Price per sq ft: $337
Tax Annual Amount: $3,946
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Heating: Electric
Common Interest: Freehold
Business Type: Other, Retail and Wholesale, Service
Number of photos available: 20
Rurl
Coordinates: [47.518955, -52.807167]
Listing ID: 28088940
Address: 1 Centennial Street Unit#105, Mt. Pearl, Newfoundland & Labrador, Canada A1N0C9
Status: Active
Last updated: 2 months ago ( Mar 28, 2025 )
Property Type: Retail
Structure Type: Other
Ownership Type: Freehold
Heating: Electric
Living Area Total: 1,024 square feet
Price per sq ft: $337
Tax Annual Amount: $3,946
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Heating: Electric
Common Interest: Freehold
Business Type: Other, Retail and Wholesale, Service
Number of photos available: 20
Rurl
Coordinates: [47.518955, -52.807167]
Rooms
Basic Calculator
First Mortgage: $275,920
Mortgage insurance premium: $0
Total Financing: $275,920
Rough closing fee (1.5%): ~ $5,174
Total downpayment with estimated closing fee: $74,154
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $1,127 | $13,524 |
| Gross rental income (income/principal ratio) | 0.327% | 3.921% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $432 | $5,184 |
| Vacancy | $57 | $677 |
| Management Fee | $91 | $1,082 |
| Expense / Income Ratio | 38.33% | 38.33% |
| Cash Flow | $549 | $6,588 |
| Net Operating Income (NOI) | $549 | $6,588 |
| Capitalization Rate | 0.16% | 1.91% |
Capitalization Rate: 1.91%
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).): $492,715
