1108 Kenmount Road Unit#204/205
Paradise, NL, A1L1N3
$375,000
About the property (MLS: 1288482):
This spacious commercial unit offers nearly 1989 square feet of open, customizable space in a high-visibility location in Paradise. Currently configured as one large shell, the layout provides excellent flexibility and can easily be subdivided into two separate units to suit a variety of business needs. Whether you’re looking to owner-occupy, lease out, or invest, this property offers strong potential in a growing commercial corridor. With modern construction, ample parking, and signage visibility, it’s ideal for retail, service, or professional use. A great opportunity to build out a space that fits your vision. (id:56688)
Property Details
Listing ID: 28664398
Address: 1108 Kenmount Road Unit#204/205, Paradise, Newfoundland & Labrador, Canada A1L1N3
Status: Active
Last updated: 3 months ago ( Aug 5, 2025 )
Property Type: Retail
Structure Type: Other
Ownership Type: Freehold
Heating: Baseboard heaters, Electric, Mini-Split
Flooring: Laminate, Wood, Mixed Flooring
Living Area Total: 1,989 square feet
Price per sq ft: $189
Tax Annual Amount: $0
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Heating: Baseboard heaters, Electric, Mini-Split
Flooring: Laminate, Wood, Mixed Flooring
Common Interest: Freehold
Business Type: Other, Retail and Wholesale, Service
Building Features: Air Conditioning
Number of photos available: 24
Rurl
Coordinates: [47.525332, -52.853414]
Rooms
Basic Calculator
First Mortgage: $300,000
Mortgage insurance premium: $0
Total Financing: $300,000
Rough closing fee (1.5%): ~ $5,625
Total downpayment with estimated closing fee: $80,625
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,188 | $26,256 |
| Gross rental income (income/principal ratio) | 0.583% | 7.002% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $469 | $5,628 |
| Vacancy | $110 | $1,313 |
| Management Fee | $176 | $2,101 |
| Expense / Income Ratio | 21.44% | 21.44% |
| Cash Flow | $1,435 | $17,220 |
| Net Operating Income (NOI) | $1,435 | $17,220 |
| Capitalization Rate | 0.38% | 4.59% |
