3 Blackmarsh Road
St. John's, NL, A1E1S2
$700,000
About the property (MLS: 1291967):
Welcome to 3 Blackmarsh Road! A rare opportunity in a prime downtown location—this commercial property comes complete with a long-standing, highly profitable business that’s a staple in the city. Offering over 9,100 sq. ft. of space, the main floor features a bright open-concept storefront, private offices, change rooms, washroom, and versatile back work areas. The expansive basement, with multiple entrances, is perfect for storage, workshops, or future development and is already equipped with plumbing for an additional washroom. Upstairs, the third floor boasts a spacious 3-bedroom apartment with room to expand into additional units or office rentals—creating excellent income potential. With an established business, built-in rental income, and limitless possibilities for growth, this is an investment opportunity you won’t want to miss! Business Sold Separately. (id:56688)
Property Details
Listing ID: 29029562
Address: 3 Blackmarsh Road, St. John's, Newfoundland & Labrador, Canada A1E1S2
Status: Active
Last updated: 20 days ago ( Oct 24, 2025 )
Property Type: Retail
Structure Type: Commercial Mix
Ownership Type: Freehold
Heating: Baseboard heaters, Electric, Mini-Split
Living Area Total: 9,100 square feet
Price per sq ft: $77
Tax Annual Amount: $1,883
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Heating: Baseboard heaters, Electric, Mini-Split
Common Interest: Freehold
Business Type: Other, Residential
Number of photos available: 45
Rurl
Coordinates: [47.554032, -52.727555]
Rooms
Basic Calculator
First Mortgage: $560,000
Mortgage insurance premium: $0
Total Financing: $560,000
Rough closing fee (1.5%): ~ $10,500
Total downpayment with estimated closing fee: $150,500
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $10,010 | $120,120 |
| Gross rental income (income/principal ratio) | 1.430% | 17.160% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $875 | $10,500 |
| Vacancy | $501 | $6,006 |
| Management Fee | $801 | $9,610 |
| Expense / Income Ratio | 8.74% | 8.74% |
| Cash Flow | $7,834 | $94,008 |
| Net Operating Income (NOI) | $7,834 | $94,008 |
| Capitalization Rate | 1.12% | 13.43% |
