1 Paton Street Unit#008
St. John's, NL, A1B4S8
$449,000
About the property (MLS: 1292919):
Medical Office Space near Memorial University Discover a prime 2724 sq ft condo in St. John's, near Memorial University, offering an exceptional opportunity for medical professionals or versatile business ventures. Key Features: Strategic Location: Close proximity to Memorial University ensures visibility and accessibility, ideal for attracting clients or customers. Versatile Space: Flexible layout allows for customization to suit medical offices or other professional services, maximizing investment potential. Modern Amenities: State-of-the-art infrastructure, including spacious examination rooms, reception areas, and administrative offices. Professional Environment: Sleek design and high-quality finishes create a welcoming atmosphere for clients and staff alike. Convenient Accessibility: Ample parking and proximity to public transportation enhance accessibility for all. Investment Potential: Seize the opportunity to establish a thriving practice or secure a lucrative investment in a growing market. Don't miss out. (id:56688)
Property Details
Listing ID: 29141783
Address: 1 Paton Street Unit#008, St. John's, Newfoundland & Labrador, Canada A1B4S8
Status: Active
Last updated: 2 days ago ( Jan 22, 2026 )
Property Type: Business
Structure Type: Other
Heating: Baseboard heaters, Electric
Flooring: Laminate
Living Area Total: 2,724 square feet
Price per sq ft: $165
Tax Annual Amount: $14,312
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Heating: Baseboard heaters, Electric
Flooring: Laminate
Business Type: Other, Service
Number of photos available: 23
Rurl
Coordinates: [47.566093, -52.738701]
Rooms
Basic Calculator
First Mortgage: $359,200
Mortgage insurance premium: $0
Total Financing: $359,200
Rough closing fee (1.5%): ~ $6,735
Total downpayment with estimated closing fee: $96,535
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,997 | $35,964 |
| Gross rental income (income/principal ratio) | 0.667% | 8.010% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $562 | $6,744 |
| Vacancy | $150 | $1,799 |
| Management Fee | $240 | $2,878 |
| Expense / Income Ratio | 18.75% | 18.75% |
| Cash Flow | $2,046 | $24,552 |
| Net Operating Income (NOI) | $2,046 | $24,552 |
| Capitalization Rate | 0.46% | 5.47% |
