1566 Topsail Road
Paradise, NL, A1L1S6
$420,000
About the property (MLS: 1283140):
Property being sold as a commercial lot. While the house is still being used it is old and best use is to tear it down. Almost half acre in the core of shopping district, tremendous exposure. Lot can be accessed from Topsail Rd. Right now but there is potential access on both sides from Drover’s Rd. And Gosse’s Rd. Not many potential Main Street sites left in this fast growing town. The possibilities are numerous. (id:56688)
Property Details
MLS: 1283140
Listing ID: 28099558
Address: 1566 Topsail Road, Paradise, Newfoundland & Labrador, Canada A1L1S6
Status: Active
Last updated: 8 days ago ( May 12, 2025 )
Property Type: Business
Structure Type: Other
Ownership Type: Freehold
Heating: No heat
Tax Annual Amount: $2,000
Tax Year: 2025
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Heating: No heat
Common Interest: Freehold
Business Type: Other, Service
Number of photos available: 7
Rurl
Coordinates: [47.529742, -52.869166]
Listing ID: 28099558
Address: 1566 Topsail Road, Paradise, Newfoundland & Labrador, Canada A1L1S6
Status: Active
Last updated: 8 days ago ( May 12, 2025 )
Property Type: Business
Structure Type: Other
Ownership Type: Freehold
Heating: No heat
Tax Annual Amount: $2,000
Tax Year: 2025
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Heating: No heat
Common Interest: Freehold
Business Type: Other, Service
Number of photos available: 7
Rurl
Coordinates: [47.529742, -52.869166]
Rooms
Basic Calculator
First Mortgage: $336,000
Mortgage insurance premium: $0
Total Financing: $336,000
Rough closing fee (1.5%): ~ $6,300
Total downpayment with estimated closing fee: $90,300
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| 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% |
Capitalization Rate: 0.00%
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).): $600,000
