148 East White Hills Road
St. John's, NL, A1A3J8
$280,000
About the property (MLS: 1284789):
Prime Location ! Unlock the potential of this rare and solidly built commercial property located in one of the city’s most desirable commercial traffic corridors. Originally constructed as a war-time bunker, this structure boasts unmatched durability with 18-inch thick reinforced concrete walls—offering exceptional security, insulation, and structural integrity.Commercial-Industrial zoning – ideal for a wide range of business uses including warehousing, secure storage, light manufacturing, or let your creativity run free. The facility has a 200 amp- 3 phase electrical system and is connected to municpal water and sewer services. Private lot with space for 6–8 vehicles. This high visibility property has excellent frontage and convenient access to major thoroughfares. (id:56688)
Property Details
Listing ID: 28351834
Address: 148 East White Hills Road, St. John's, Newfoundland & Labrador, Canada A1A3J8
Status: Active
Last updated: 21 days ago ( May 22, 2025 )
Year Built: 1950
Property Type: Retail
Structure Type: Commercial Mix
Ownership Type: Freehold
View: View
Number of stories: 2
Number of Levels: 2
Heating: No heat
Flooring: Concrete Slab
Living Area Total: 4,854 square feet
Price per sq ft: $58
Tax Annual Amount: $1,502
Tax Year: 2024
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Heating: No heat
Flooring: Concrete Slab
Common Interest: Freehold
Business Type: Industrial, Manufacturing, Other, Service
Number of photos available: 14
Rurl
Coordinates: [47.594212, -52.685832]
Rooms
Basic Calculator
First Mortgage: $224,000
Mortgage insurance premium: $0
Total Financing: $224,000
Rough closing fee (1.5%): ~ $4,200
Total downpayment with estimated closing fee: $60,200
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $5,340 | $64,080 |
| Gross rental income (income/principal ratio) | 1.907% | 22.886% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $350 | $4,200 |
| Vacancy | $267 | $3,204 |
| Management Fee | $428 | $5,127 |
| Expense / Income Ratio | 6.55% | 6.55% |
| Cash Flow | $4,296 | $51,552 |
| Net Operating Income (NOI) | $4,296 | $51,552 |
| Capitalization Rate | 1.53% | 18.41% |
