209 Empire Avenue
St. John's, NL, A1A2H4
$359,500
About the property (MLS: 1286650):
_Having operated this property ( restaurant ) for some 33 years the owners are now taking on retirement with their family and grandchildren.What a delight it has been over those years to avail of their delishious feasts and their every so friendly reception to their many patrons .This truly is a model of success and will add to your future endeavours as the new owner(s).The restaurant is fully equipped and the attached home has four bedrooms .The basement has the laundry , an excess of storage space , a newer H/W oil fired furnace and an additional bsmt door .The restaurant has Propane for cooking .The commercial space that the restaurant uses is one third of the developed area for tax purposes .The residence also boasts a spacious garage attached and two additional parking spaces .Showing times have to be cognizant of the client base activity and book accordingly. (id:56688)
Property Details
Listing ID: 28485034
Address: 209 Empire Avenue, St. John's, Newfoundland & Labrador, Canada A1A2H4
Status: Active
Last updated: 21 days ago ( Jun 20, 2025 )
Year Built: 1965
Property Type: Retail
Structure Type: Retail
Ownership Type: Freehold
Heating: Hot water radiator heat, Oil, Propane
Flooring: Mixed Flooring
Fencing: Fence
Living Area Total: 1,500 square feet
Price per sq ft: $240
Tax Annual Amount: $3,581
Tax Year: 2024
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Heating: Hot water radiator heat, Oil, Propane
Flooring: Mixed Flooring
Common Interest: Freehold
Business Type: Restaurant, Retail and Wholesale
Number of photos available: 32
Rurl
Coordinates: [47.565647, -52.729139]
Rooms
Basic Calculator
First Mortgage: $287,600
Mortgage insurance premium: $0
Total Financing: $287,600
Rough closing fee (1.5%): ~ $5,393
Total downpayment with estimated closing fee: $77,293
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $1,651 | $19,812 |
| Gross rental income (income/principal ratio) | 0.459% | 5.511% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $450 | $5,400 |
| Vacancy | $83 | $991 |
| Management Fee | $133 | $1,585 |
| Expense / Income Ratio | 27.26% | 27.26% |
| Cash Flow | $987 | $11,844 |
| Net Operating Income (NOI) | $987 | $11,844 |
| Capitalization Rate | 0.27% | 3.29% |
