Telephone Email478 Main Road, Goulds, Newfoundland & Labrador, Canada A1S1E8

For sale · MLS® 1291334

478 Main Road

Goulds, NL, A1S1E8

5,658 sqft

List price

$949,900

478 Main Road Goulds Newfoundland & Labrador Canada A1S1E8, for Sale, residential, Haris Barki, Keller Williams Platinum Realty

Presented by

Haris Barki

416-873-4676

haris@barki.co

REALTOR® · Keller Williams Platinum Realty

About this propertyMLS® 1291334

Well-maintained ~5650 square foot commercial building located in the heart of the Goulds, offering excellent accessibility with close proximity to highway access, main amenities, and scenic walking trails. Currently zoned Institutional, this versatile property presents a fantastic opportunity for a variety of uses including a personal care home (currently configured as such), medical clinic, child care centre, and more. Situated on a nearly 1-acre lot and licensed for 19 beds, the property is serviced by municipal water and sewer. Additionally, the building features an unfinished basement (~1,800 sq. ft.) offering ample storage space or potential for future development. A rare opportunity to own a move-in ready institutional facility in a growing and accessible community. (id:56688)

Property details

MLS®1291334

Listing ID28965100

Address478 Main Road, Goulds, Newfoundland & Labrador, Canada A1S1E8

StatusActive

Last updated23 days ago ( Oct 7, 2026 )

Property TypeRetail

Structure TypeCommercial Mix

Ownership TypeFreehold

HeatingElectric, Mini-Split

Living Area Total5,658 square feet

Price per sq ft: $168

Tax Annual Amount$4,176

GarageNo

Attached GarageNo

CarportNo

Open ParkingNo

WaterfrontNo

PoolNo

HeatingElectric, Mini-Split

Common InterestFreehold

Business TypeInstitutional, Other

Number of photos available32

Rurl
Coordinates: [47.456334, -52.772216]

Rooms

Basic Calculator

Principal Amount ($):

Annual Interest Rate (%):

Loan Term (Years):

Down Payment ($):

Percent Down (%):

First Mortgage: $759,920

Mortgage insurance premium: $0

Total Financing: $759,920

Rough closing fee (1.5%): ~ $14,249

Total downpayment with estimated closing fee: $204,229

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Investment Calculator:

Monthly Income (Initially estimated at $1.1 per sqft):

Monthly Expense (includes taxes, insurance, utilities, maintenance etc, excluding mortgage payment) (initally estimated at 1.5% per year of principal):

Vacancy Rate (%):

Management Fee (%):

Total cost of initial renovation ($):

	Monthly	Yearly
Gross Revenue	$6,224	$74,688
Gross rental income (income/principal ratio)	0.655%	7.863%
Mortgage	$0	$0
Monthly Expenses	$1,188	$14,256
Vacancy	$312	$3,735
Management Fee	$498	$5,976
Expense / Income Ratio	19.09%	19.09%
Cash Flow	$4,227	$50,724
Net Operating Income (NOI)	$4,227	$50,724
Capitalization Rate	0.44%	5.34%

Capitalization Rate: 5.34%

After-repair value (ARV) (This is a rule for purchasing and flipping distressed real estate for a profit, which states that the purchase price should be less than 70% of after-repair value (ARV) minus repair costs (rehab).): $1,357,000

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