478 Main Road
Goulds, NL, A1S1E8
$949,900
About the property (MLS: 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
Listing ID: 28965100
Address: 478 Main Road, Goulds, Newfoundland & Labrador, Canada A1S1E8
Status: Active
Last updated: a month ago ( Oct 8, 2025 )
Property Type: Business
Structure Type: Other
Ownership Type: Freehold
Heating: Electric, Mini-Split
Living Area Total: 5,658 square feet
Price per sq ft: $168
Tax Annual Amount: $4,176
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Heating: Electric, Mini-Split
Common Interest: Freehold
Business Type: Institutional, Other
Number of photos available: 32
Rurl
Coordinates: [47.456334, -52.772216]
Rooms
Basic Calculator
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
Investment Calculator:
| 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% |
