36-38 Pearson Street
St. John's, NL, A1A3R1
$1,599,900
About the property (MLS: 1293019):
Same owner for 50 years, first time offered! Exceptional commercial property, located at the corner of Pearson Street and Torbay Road, offers a unique and highly desirable investment opportunity. Multi-tenant building caters to seven diverse tenants, many of whom have chosen to stay for decades, testament to the stability and appeal of the space. The 7500 sqft building is located on a spacious 20,713 square foot lot, the site provides ample parking and visibility, good foot traffic ensures tenant satisfaction. Survey dated September 19, 2025. Roof resurfaced in 2016. Some new plumbing and electrical. Financial details available. Don't miss your chance to own a piece of prime real estate with a legacy of success and community presence. (id:56688)
Property Details
Listing ID: 29150424
Address: 36-38 Pearson Street, St. John's, Newfoundland & Labrador, Canada A1A3R1
Status: Active
Last updated: 2 months ago ( Dec 1, 2025 )
Year Built: 1975
Property Type: Retail
Structure Type: Retail
Ownership Type: Freehold
Number of stories: 2
Number of Levels: 2
Heating: Baseboard heaters, Mini-Split
Living Area Total: 7,500 square feet
Price per sq ft: $214
Tax Annual Amount: $27,986
Tax Year: 2025
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Heating: Baseboard heaters, Mini-Split
Common Interest: Freehold
Business Type: Restaurant, Retail and Wholesale
Number of photos available: 11
Rurl
Coordinates: [47.595852, -52.709366]
Rooms
Basic Calculator
First Mortgage: $1,279,920
Mortgage insurance premium: $0
Total Financing: $1,279,920
Rough closing fee (1.5%): ~ $23,999
Total downpayment with estimated closing fee: $343,979
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $8,250 | $99,000 |
| Gross rental income (income/principal ratio) | 0.516% | 6.188% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $2,000 | $24,000 |
| Vacancy | $413 | $4,950 |
| Management Fee | $660 | $7,920 |
| Expense / Income Ratio | 24.24% | 24.24% |
| Cash Flow | $5,178 | $62,136 |
| Net Operating Income (NOI) | $5,178 | $62,136 |
| Capitalization Rate | 0.32% | 3.88% |
