113-117 Longs Hill
St. John's, NL, A1C1V4
$349,900
About the property (MLS: 1291146):
Discover a unique mixed-use property at the top of Long’s Hill in the heart of downtown St. John’s, offering an excellent opportunity for entrepreneurs or investors. The main floor features a commercial space currently leased as a restaurant, ideal for a variety of business ventures in a high-visibility location. Upstairs, the residential unit includes three bedrooms, one bathroom, and classic hardwood floors, providing a comfortable living space in a vibrant urban setting. The basement offers ample storage, perfect for business or personal use. With updated plumbing and mostly vinyl windows, the property ensures functionality and efficiency. Situated close to grocery stores and the lively downtown core, this property is well-positioned for convenience and accessibility, making it a compelling choice for those seeking a live-work lifestyle or a multi-unit investment in one of St. John’s most dynamic areas. For more details or to schedule a viewing, reach out today. (id:56688)
Property Details
Listing ID: 28949178
Address: 113-117 Longs Hill, St. John's, Newfoundland & Labrador, Canada A1C1V4
Status: Active
Last updated: 4 months ago ( Oct 3, 2025 )
Year Built: 1955
Property Type: Business
Structure Type: Other
Ownership Type: Freehold
Heating: Baseboard heaters, Electric
Living Area Total: 2,775 square feet
Price per sq ft: $127
Tax Annual Amount: $3,836
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Heating: Baseboard heaters, Electric
Common Interest: Freehold
Business Type: Other
Number of photos available: 20
Rurl
Coordinates: [47.564468, -52.713347]
Rooms
Basic Calculator
First Mortgage: $279,920
Mortgage insurance premium: $0
Total Financing: $279,920
Rough closing fee (1.5%): ~ $5,249
Total downpayment with estimated closing fee: $75,229
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $3,053 | $36,636 |
| Gross rental income (income/principal ratio) | 0.873% | 10.470% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $438 | $5,256 |
| Vacancy | $153 | $1,832 |
| Management Fee | $245 | $2,931 |
| Expense / Income Ratio | 14.35% | 14.35% |
| Cash Flow | $2,219 | $26,628 |
| Net Operating Income (NOI) | $2,219 | $26,628 |
| Capitalization Rate | 0.63% | 7.61% |
