1108 Kenmount Road Unit#101
Paradise, NL, A1L1N3
$1,790,000
About the property (MLS: 1288476):
This professionally managed commercial condominium at 1108 Kenmount Road offers exceptional visibility in one of Paradise’s busiest commercial corridors. Located in a modern building with strong curb appeal, the space is well-suited for professional offices, medical or wellness clinics, retail showrooms, or other business uses. Its ground-level entry provides easy accessibility for clients and staff, with ample on-site parking and a flexible interior layout ready for customization. The area is surrounded by growing residential developments and benefits from steady traffic flow, making it an ideal location for businesses looking to establish a strong presence in the region. Previously used and fitted for a gym. (id:56688)
Property Details
Listing ID: 28664401
Address: 1108 Kenmount Road Unit#101, 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: Baseboard heaters, Electric, Other, Mini-Split
Flooring: Laminate, Mixed Flooring
Living Area Total: 8,875 square feet
Price per sq ft: $202
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: Manufacturing, Other, Retail and Wholesale, Service
Number of photos available: 39
Rurl
Coordinates: [47.525302, -52.853649]
Rooms
Basic Calculator
First Mortgage: $1,432,000
Mortgage insurance premium: $0
Total Financing: $1,432,000
Rough closing fee (1.5%): ~ $26,850
Total downpayment with estimated closing fee: $384,850
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $9,763 | $117,156 |
| Gross rental income (income/principal ratio) | 0.545% | 6.545% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $2,238 | $26,856 |
| Vacancy | $489 | $5,858 |
| Management Fee | $782 | $9,373 |
| Expense / Income Ratio | 22.92% | 22.92% |
| Cash Flow | $6,256 | $75,072 |
| Net Operating Income (NOI) | $6,256 | $75,072 |
| Capitalization Rate | 0.35% | 4.19% |
