1108 Kenmount Road Unit#203
paradise, NL, A1L1N3
$430,000
About the property (MLS: 1288480):
Position your business for success in this highly visible commercial condo located in one of Paradise’s busiest and fastest-growing areas. With over 2,100 square feet of space, this unit offers a solid foundation for a wide range of business types, from retail to professional services. Situated in a modern, professionally maintained complex, it benefits from strong street presence, ample parking, and full municipal services. Whether you’re establishing a new venture or expanding your operations, this space offers the location and flexibility to grow with you. (id:56688)
Property Details
Listing ID: 28664399
Address: 1108 Kenmount Road Unit#203, paradise, Newfoundland & Labrador, Canada A1L1N3
Status: Active
Last updated: 3 months ago ( Aug 5, 2025 )
Property Type: Retail
Structure Type: Other
Ownership Type: Freehold
Number of stories: 2
Number of Levels: 2
Heating: Baseboard heaters, Electric, Other, Mini-Split
Flooring: Laminate, Mixed Flooring
Living Area Total: 2,111 square feet
Price per sq ft: $204
Tax Annual Amount: $0
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Heating: Baseboard heaters, Electric, Other, Mini-Split
Flooring: Laminate, Mixed Flooring
Common Interest: Freehold
Business Type: Other, Retail and Wholesale
Number of photos available: 40
Rurl
Coordinates: [47.525259, -52.85335]
Rooms
Basic Calculator
First Mortgage: $344,000
Mortgage insurance premium: $0
Total Financing: $344,000
Rough closing fee (1.5%): ~ $6,450
Total downpayment with estimated closing fee: $92,450
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,323 | $27,876 |
| Gross rental income (income/principal ratio) | 0.540% | 6.483% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $538 | $6,456 |
| Vacancy | $117 | $1,394 |
| Management Fee | $186 | $2,231 |
| Expense / Income Ratio | 23.16% | 23.16% |
| Cash Flow | $1,484 | $17,808 |
| Net Operating Income (NOI) | $1,484 | $17,808 |
| Capitalization Rate | 0.35% | 4.14% |
