76 Patrick Street
St. John's, NL, A1E2S7
$209,000
About the property (MLS: 1284749):
This is a fabulous income oppotunity. The main floor operated as a hair styling salon for over 25 years. Any change in the status other than hair styling would require approval form the city. All equipment remains as part of the sale. Another possibility is that a purchaser could convert the main floor to an apartment. The second and third floors make up an apartment with its own meter, laundry, 2 bedrooms, living room kitchen and bathroom and it has its own entrance. (id:56688)
Property Details
MLS: 1284749
Listing ID: 28273886
Address: 76 Patrick Street, St. John's, Newfoundland & Labrador, Canada A1E2S7
Status: Active
Last updated: 6 days ago ( May 7, 2025 )
Year Built: 1924
Property Type: Business
Structure Type: Other
Ownership Type: Freehold
Heating: Baseboard heaters, Electric
Tax Annual Amount: $2,200
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Heating: Baseboard heaters, Electric
Common Interest: Freehold
Business Type: Retail and Wholesale, Service
Number of photos available: 18
Rurl
Coordinates: [47.553974, -52.717896]
Listing ID: 28273886
Address: 76 Patrick Street, St. John's, Newfoundland & Labrador, Canada A1E2S7
Status: Active
Last updated: 6 days ago ( May 7, 2025 )
Year Built: 1924
Property Type: Business
Structure Type: Other
Ownership Type: Freehold
Heating: Baseboard heaters, Electric
Tax Annual Amount: $2,200
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Heating: Baseboard heaters, Electric
Common Interest: Freehold
Business Type: Retail and Wholesale, Service
Number of photos available: 18
Rurl
Coordinates: [47.553974, -52.717896]
Rooms
Basic Calculator
First Mortgage: $167,200
Mortgage insurance premium: $0
Total Financing: $167,200
Rough closing fee (1.5%): ~ $3,135
Total downpayment with estimated closing fee: $44,935
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).): $298,572
