For sale · MLS® 1293883
1-5 Park Avenue
Mount Pearl, NL, A1N1J1
List price
$1,000,000
About this propertyMLS® 1293883
For sale, almost 3 acres of land zoned for commercial or residential use and ready for immediate development. Ideally located on Park Avenue just off Topsail Road and borders along the Waterford River. Ideal location for any type of business, (Apartments, seniors complex, restaurant, pub, daycare). (id:56688)
Property details
MLS®1293883
Listing ID29269298
Address1-5 Park Avenue, Mount Pearl, Newfoundland & Labrador, Canada A1N1J1
StatusActive
Last updated2 months ago ( Sep 11, 2026 )
Property TypeVacant Land
Ownership TypeFreehold
SewerMunicipal sewage system
Tax Annual Amount$10,000
Tax Year2025
GarageNo
Attached GarageNo
CarportNo
Open ParkingNo
WaterfrontNo
PoolNo
Water SourceMunicipal water
Common InterestFreehold
Number of photos available1
RurlCoordinates: [47.520476, -52.77798]
Rooms
Basic Calculator
First Mortgage: $800,000
Mortgage insurance premium: $0
Total Financing: $800,000
Rough closing fee (1.5%): ~ $15,000
Total downpayment with estimated closing fee: $215,000
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $0 | $0 |
| Gross rental income (income/principal ratio) | 0.000% | 0.000% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $0 | $0 |
| Vacancy | $0 | $0 |
| Management Fee | $0 | $0 |
| Expense / Income Ratio | NaN% | NaN% |
| Cash Flow | $0 | $0 |
| Net Operating Income (NOI) | $0 | $0 |
| Capitalization Rate | 0.00% | 0.00% |
Capitalization Rate: 0.00%
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).): $1,428,572
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