874 Topsail Road
Mount Pearl, NL, A1N3J9
$1,265,000
About the property (MLS: 1284335):
INVESTMENT OPPORTUNITY. 95% LEASED TO TERRIFIC CORPERATE CLIENTS TILL JUNE 2029. ATTRACTIVE STEEL CONSTRUCTION BUILDING THAT HAS HAD A COMPLETED RENOVATION 2024. GREAT LOCATION ON TOPSAIL ROAD, MOUNT PEARL. FULLY LANDSCAPED, PAVED PARKNG FOR 15 CARS. WAREHOUSE AREA ABOUT 600 SQ. FT. WITH 2 OVERHEAD LOADING DOORS. VENDOR HAS USED IT FOR STORAGE BUT SURELY RENTABLE. GREAT INCOME AND VERY LOW EXPENSES. 1ST TIME OFFERING (id:56688)
Property Details
MLS: 1284335
Listing ID: 28230136
Address: 874 Topsail Road, Mount Pearl, Newfoundland & Labrador, Canada A1N3J9
Status: Active
Last updated: 21 days ago ( Apr 29, 2025 )
Year Built: 2005
Property Type: Office
Structure Type: Offices
Ownership Type: Freehold
Number of stories: 1.5
Number of Levels: 1.5
Heating: Electric
Flooring: Mixed Flooring
Living Area Total: 5,300 square feet
Price per sq ft: $239
Tax Annual Amount: $8,338
Tax Year: 2024
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Heating: Electric
Flooring: Mixed Flooring
Common Interest: Freehold
Business Type: Service
Number of photos available: 13
Rurl
Coordinates: [47.524934, -52.793753]
Listing ID: 28230136
Address: 874 Topsail Road, Mount Pearl, Newfoundland & Labrador, Canada A1N3J9
Status: Active
Last updated: 21 days ago ( Apr 29, 2025 )
Year Built: 2005
Property Type: Office
Structure Type: Offices
Ownership Type: Freehold
Number of stories: 1.5
Number of Levels: 1.5
Heating: Electric
Flooring: Mixed Flooring
Living Area Total: 5,300 square feet
Price per sq ft: $239
Tax Annual Amount: $8,338
Tax Year: 2024
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Heating: Electric
Flooring: Mixed Flooring
Common Interest: Freehold
Business Type: Service
Number of photos available: 13
Rurl
Coordinates: [47.524934, -52.793753]
Rooms
Basic Calculator
First Mortgage: $1,012,000
Mortgage insurance premium: $0
Total Financing: $1,012,000
Rough closing fee (1.5%): ~ $18,975
Total downpayment with estimated closing fee: $271,975
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $5,831 | $69,972 |
| Gross rental income (income/principal ratio) | 0.461% | 5.531% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $1,582 | $18,984 |
| Vacancy | $292 | $3,499 |
| Management Fee | $467 | $5,598 |
| Expense / Income Ratio | 27.13% | 27.13% |
| Cash Flow | $3,491 | $41,892 |
| Net Operating Income (NOI) | $3,491 | $41,892 |
| Capitalization Rate | 0.28% | 3.31% |
Capitalization Rate: 3.31%
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).): $1,807,143
