956-958 Topsail Road
Mount Pearl, NL, A1N3K2
$699,900
About the property (MLS: 1291760):
This is a great opportunity to own a prime piece of property with great exposure on the best part of Topsail Road. The front main building is 3400 square feet and was used for many years for the business that operated out of there since 1987. There is a lot of main floor space and includes a kitchen and bathroom and basement area. Shingles done in 2015. The building is currently rented to a woodworking business. The back building is approx. 1100 square feet and has housed many businesses over the years. This has continuously been leased. Shingles done in 2022. Lots of potential here for many business types. This building has a bathroom, 3 offices, etc. There is tons of parking. This is zoned for commercial. Frontage is 129 feet across which exceeds commercial requirements. (id:56688)
Property Details
Listing ID: 29017814
Address: 956-958 Topsail Road, Mount Pearl, Newfoundland & Labrador, Canada A1N3K2
Status: Active
Last updated: 7 hours ago ( Nov 13, 2025 )
Year Built: 1960
Property Type: Retail
Structure Type: Commercial Mix
Ownership Type: Freehold
Number of stories: 2
Number of Levels: 2
Heating: Heat Pump, Oil
Flooring: Laminate, Mixed Flooring
Living Area Total: 3,400 square feet
Price per sq ft: $206
Tax Annual Amount: $7,200
Tax Year: 2024
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Heating: Heat Pump, Oil
Flooring: Laminate, Mixed Flooring
Common Interest: Freehold
Business Type: Other
Building Features: Laundry Facility
Number of photos available: 8
Rurl
Coordinates: [47.523701, -52.802313]
Rooms
Basic Calculator
First Mortgage: $559,920
Mortgage insurance premium: $0
Total Financing: $559,920
Rough closing fee (1.5%): ~ $10,499
Total downpayment with estimated closing fee: $150,479
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $3,741 | $44,892 |
| Gross rental income (income/principal ratio) | 0.535% | 6.414% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $875 | $10,500 |
| Vacancy | $188 | $2,245 |
| Management Fee | $300 | $3,592 |
| Expense / Income Ratio | 23.39% | 23.39% |
| Cash Flow | $2,380 | $28,560 |
| Net Operating Income (NOI) | $2,380 | $28,560 |
| Capitalization Rate | 0.34% | 4.08% |
