1187 Kenmount Road
Paradise, NL, A1L0V8
$2,950,000
About the property (MLS: 1285894):
Exceptional opportunity to own a fully leased commercial building in one of Paradise’s most high-traffic, high-demand areas. Located on Kenmount Road, this property is zoned IG (Industrial General), making it ideal for a wide variety of commercial and light industrial uses. Built in 2012, it offers modern construction, professional curb appeal, and excellent functionality for tenants and customers alike. The building features a wood frame structure, shingle-fiberglass roofing, grade-level loading at the store front, paved parking, mini split heating, and a full fire protection system with alarms and smoke detectors. Strategically positioned along one of the region’s busiest commercial corridors, it provides outstanding visibility, easy access, and constant exposure to steady traffic. Currently fully occupied by a diverse mix of retail and service tenants, this property delivers strong, consistent rental income and long-term investment potential. Whether you’re expanding your portfolio or seeking a turnkey asset in a thriving location, this property offers the stability and exposure investors look for. Contact the listing agent for more information or to arrange a private viewing. (id:56688)
Property Details
Listing ID: 28420631
Address: 1187 Kenmount Road, Paradise, Newfoundland & Labrador, Canada A1L0V8
Status: Active
Last updated: 5 days ago ( Jun 16, 2025 )
Property Type: Retail
Structure Type: Other
Ownership Type: Freehold
Heating: Heat Pump, Baseboard heaters
Flooring: Mixed Flooring
Living Area Total: 9,198 square feet
Price per sq ft: $321
Tax Annual Amount: $24,606
Tax Year: 2024
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Heating: Heat Pump, Baseboard heaters
Flooring: Mixed Flooring
Common Interest: Freehold
Business Type: Other, Retail and Wholesale, Service
Number of photos available: 44
Rurl
Coordinates: [47.519914, -52.858309]
Rooms
Basic Calculator
First Mortgage: $2,360,000
Mortgage insurance premium: $0
Total Financing: $2,360,000
Rough closing fee (1.5%): ~ $44,250
Total downpayment with estimated closing fee: $634,250
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $10,118 | $121,416 |
| Gross rental income (income/principal ratio) | 0.343% | 4.116% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $3,688 | $44,256 |
| Vacancy | $506 | $6,071 |
| Management Fee | $810 | $9,714 |
| Expense / Income Ratio | 36.45% | 36.45% |
| Cash Flow | $5,115 | $61,380 |
| Net Operating Income (NOI) | $5,115 | $61,380 |
| Capitalization Rate | 0.17% | 2.08% |
