Telephone Email36-38 Pearson Street, St. John's, Newfoundland & Labrador, Canada A1A3R1

For sale · MLS® 1293019

36-38 Pearson Street

St. John's, NL, A1A3R1

7,500 sqftBuilt 1975

List price

$1,399,900

36-38 Pearson Street St. John's Newfoundland & Labrador Canada A1A3R1, for Sale, residential, Haris Barki, Keller Williams Platinum Realty

Presented by

Haris Barki

416-873-4676

haris@barki.co

REALTOR® · Keller Williams Platinum Realty

About this propertyMLS® 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

MLS®1293019

Listing ID29150424

Address36-38 Pearson Street, St. John's, Newfoundland & Labrador, Canada A1A3R1

StatusActive

Last updateda month ago ( Oct 1, 2026 )

Year Built1975

Property TypeRetail

Structure TypeSpecial Purpose

Ownership TypeFreehold

Number of stories2

Number of Levels2

HeatingBaseboard heaters, Mini-Split

Living Area Total7,500 square feet

Price per sq ft: $187

Tax Annual Amount$27,986

Tax Year2025

GarageNo

Attached GarageNo

CarportNo

Open ParkingNo

WaterfrontNo

PoolNo

RoofTorch on Roof, Unknown

HeatingBaseboard heaters, Mini-Split

Common InterestFreehold

Business TypeRestaurant, Retail and Wholesale

Number of photos available11

Rurl
Coordinates: [47.595852, -52.709366]

Rooms

Basic Calculator

Principal Amount ($):

Annual Interest Rate (%):

Loan Term (Years):

Down Payment ($):

Percent Down (%):

First Mortgage: $1,119,920

Mortgage insurance premium: $0

Total Financing: $1,119,920

Rough closing fee (1.5%): ~ $20,999

Total downpayment with estimated closing fee: $300,979

0000

Investment Calculator:

Monthly Income (Initially estimated at $1.1 per sqft):

Monthly Expense (includes taxes, insurance, utilities, maintenance etc, excluding mortgage payment) (initally estimated at 1.5% per year of principal):

Vacancy Rate (%):

Management Fee (%):

Total cost of initial renovation ($):

	Monthly	Yearly
Gross Revenue	$8,250	$99,000
Gross rental income (income/principal ratio)	0.589%	7.072%
Mortgage	$0	$0
Monthly Expenses	$1,750	$21,000
Vacancy	$413	$4,950
Management Fee	$660	$7,920
Expense / Income Ratio	21.21%	21.21%
Cash Flow	$5,428	$65,136
Net Operating Income (NOI)	$5,428	$65,136
Capitalization Rate	0.39%	4.65%

Capitalization Rate: 4.65%

After-repair value (ARV) (This is a rule for purchasing and flipping distressed real estate for a profit, which states that the purchase price should be less than 70% of after-repair value (ARV) minus repair costs (rehab).): $1,999,858

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