1108 Kenmount Road Unit#206
Paradise, NL, A1L1N3
$345,000
About the property (MLS: 1288483):
This well-located commercial condo in Paradise offers excellent visibility and accessibility in a growing business district. Ideal for retail, office, or service-based operations, the unit provides a functional layout suitable for a variety of commercial uses. With ample parking, storefront exposure, and easy access to major routes, it’s a perfect opportunity for entrepreneurs or investors looking to establish or expand their presence in a high-traffic area. The building is part of a professionally maintained development, ensuring long-term value and curb appeal. (id:56688)
Property Details
Listing ID: 28664397
Address: 1108 Kenmount Road Unit#206, Paradise, Newfoundland & Labrador, Canada A1L1N3
Status: Active
Last updated: 3 months ago ( Aug 5, 2025 )
Property Type: Business
Structure Type: Other
Ownership Type: Freehold
Heating: Electric, Mini-Split
Flooring: Laminate, Mixed Flooring
Living Area Total: 1,700 square feet
Price per sq ft: $203
Tax Annual Amount: $0
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Heating: Electric, Mini-Split
Flooring: Laminate, Mixed Flooring
Common Interest: Freehold
Business Type: Other, Retail and Wholesale, Service
Number of photos available: 20
Rurl
Coordinates: [47.525056, -52.853136]
Rooms
Basic Calculator
First Mortgage: $276,000
Mortgage insurance premium: $0
Total Financing: $276,000
Rough closing fee (1.5%): ~ $5,175
Total downpayment with estimated closing fee: $74,175
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $1,871 | $22,452 |
| Gross rental income (income/principal ratio) | 0.542% | 6.508% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $432 | $5,184 |
| Vacancy | $94 | $1,123 |
| Management Fee | $150 | $1,797 |
| Expense / Income Ratio | 23.09% | 23.09% |
| Cash Flow | $1,196 | $14,352 |
| Net Operating Income (NOI) | $1,196 | $14,352 |
| Capitalization Rate | 0.35% | 4.16% |
