71 Duckworth Street
St. John's, NL, A1C1E6
$799,900
About the property (MLS: 1284972):
Here’s your chance to own a fantastic mixed-use property right in the heart of downtown St. John’s! This well-kept building has a popular restaurant on the main floor and two rented apartments upstairs—a cozy one-bedroom and a spacious two-bedroom. The residential units are fully rented, so you’ll have steady income from day one. Plus, it’s had some great updates recently, like new plank and clapboard siding, a torch-on roof that’ll last 15+ years, a new kitchen exhaust, and an outdoor staircase to the apartments. Located in a lively spot with a strong community vibe, this property is a solid investment with plenty of charm and potential! (id:56688)
Property Details
Listing ID: 28303988
Address: 71 Duckworth Street, St. John's, Newfoundland & Labrador, Canada A1C1E6
Status: Active
Last updated: a month ago ( May 13, 2025 )
Year Built: 1925
Property Type: Retail
Structure Type: Commercial Mix
Ownership Type: Freehold
View: Ocean view
Heating: Baseboard heaters
Flooring: Laminate, Other
Living Area Total: 8,000 square feet
Price per sq ft: $100
Tax Annual Amount: $3,440
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Heating: Baseboard heaters
Flooring: Laminate, Other
Common Interest: Freehold
Business Type: Other, Restaurant, Residential
Building Features: Living Accommodation
Number of photos available: 49
Rurl
Coordinates: [47.570026, -52.700948]
Rooms
Basic Calculator
First Mortgage: $639,920
Mortgage insurance premium: $0
Total Financing: $639,920
Rough closing fee (1.5%): ~ $11,999
Total downpayment with estimated closing fee: $171,979
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $8,800 | $105,600 |
| Gross rental income (income/principal ratio) | 1.100% | 13.202% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $1,000 | $12,000 |
| Vacancy | $440 | $5,280 |
| Management Fee | $704 | $8,448 |
| Expense / Income Ratio | 11.36% | 11.36% |
| Cash Flow | $6,656 | $79,872 |
| Net Operating Income (NOI) | $6,656 | $79,872 |
| Capitalization Rate | 0.83% | 9.99% |
