1108 Kenmount Road Unit#201
Paradise, NL, A1L1N3
$205,000
About the property (MLS: 1288478):
Discover an exceptional opportunity to own a versatile 1,000 sq. ft. commercial condo unit in a well-maintained, professionally managed building. Ideal for a wide range of businesses—including professional offices, retail, wellness services, or light industrial use—this bright and spacious unit offers high visibility and easy access for clients and staff alike. Located in a prime commercial area with strong traffic flow and close proximity to major roads and public transit, this unit offers both convenience and exposure. Whether you’re expanding your business or investing in commercial real estate, this condo presents an outstanding opportunity. Zoned for flexible commercial use, and ready for immediate occupancy. (id:56688)
Property Details
Listing ID: 28664400
Address: 1108 Kenmount Road Unit#201, Paradise, Newfoundland & Labrador, Canada A1L1N3
Status: Active
Last updated: 3 months ago ( Aug 5, 2025 )
Property Type: Business
Structure Type: Other
Ownership Type: Freehold
Number of stories: 2
Number of Levels: 2
Heating: Baseboard heaters, Electric, Mini-Split
Flooring: Wood, Mixed Flooring
Living Area Total: 1,000 square feet
Price per sq ft: $205
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: Wood, Mixed Flooring
Common Interest: Freehold
Business Type: Other, Retail and Wholesale, Service
Number of photos available: 21
Rurl
Coordinates: [47.525274, -52.853479]
Rooms
Basic Calculator
First Mortgage: $164,000
Mortgage insurance premium: $0
Total Financing: $164,000
Rough closing fee (1.5%): ~ $3,075
Total downpayment with estimated closing fee: $44,075
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $1,100 | $13,200 |
| Gross rental income (income/principal ratio) | 0.537% | 6.439% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $257 | $3,084 |
| Vacancy | $55 | $660 |
| Management Fee | $88 | $1,056 |
| Expense / Income Ratio | 23.36% | 23.36% |
| Cash Flow | $700 | $8,400 |
| Net Operating Income (NOI) | $700 | $8,400 |
| Capitalization Rate | 0.34% | 4.10% |
