151 Crosbie Road
St. John's, NL, A1B4B4
$2,200,000
About the property (MLS: 1292970):
151 Crosbie Rd is a centrally located, high exposure building with tons of recent upgrades (including all new HVAC, all new windows and doors, new exterior facade, and new roof, and a number of interior upgrades)! On the corner of Freshwater & Crosbie Rd, this building offers quick and convenient access to commercial districts and transportation links including downtown, Kenmount Rd, Columbus Dr, Kelsey Dr, and the Outer Ring Rd/Trans Canada Highway. The building is currently 60% leased with three separate tenants. There is a single retail/storefront 5,325sqft unit vacant and available for lease or owner occupancy! This unit includes exterior offices, large windows, in-suite washroom facilities, and kitchen. Zoned Commercial Highway, the property allows for a number of commercial uses! 151 Crosbie Rd will make a great investment or owner occupied property! Purchase price is HST applicable (Disclosure: Listing Agent is a licensed Realtor® with NLAR and a Director of the Vendor company). (id:56688)
Property Details
Listing ID: 29146897
Address: 151 Crosbie Road, St. John's, Newfoundland & Labrador, Canada A1B4B4
Status: Active
Last updated: 3 days ago ( Jan 22, 2026 )
Property Type: Business
Structure Type: Other
Ownership Type: Freehold
Heating: Heat Pump, Baseboard heaters, Forced air, Electric
Living Area Total: 13,183 square feet
Price per sq ft: $167
Tax Annual Amount: $36,097
Tax Year: 2025
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Heating: Heat Pump, Baseboard heaters, Forced air, Electric
Cooling: Air exchanger
Common Interest: Freehold
Business Type: Other, Retail and Wholesale, Service
Number of photos available: 36
Rurl
Coordinates: [47.560972, -52.745094]
Rooms
Basic Calculator
First Mortgage: $1,760,000
Mortgage insurance premium: $0
Total Financing: $1,760,000
Rough closing fee (1.5%): ~ $33,000
Total downpayment with estimated closing fee: $473,000
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $14,502 | $174,024 |
| Gross rental income (income/principal ratio) | 0.659% | 7.910% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $2,750 | $33,000 |
| Vacancy | $726 | $8,702 |
| Management Fee | $1,161 | $13,922 |
| Expense / Income Ratio | 18.96% | 18.96% |
| Cash Flow | $9,867 | $118,404 |
| Net Operating Income (NOI) | $9,867 | $118,404 |
| Capitalization Rate | 0.45% | 5.38% |
