Telephone Email77-79 Commonwealth Avenue, Mount Pearl, Newfoundland & Labrador, Canada A1N1W7

For sale · MLS® 1294279

77-79 Commonwealth Avenue

Mount Pearl, NL, A1N1W7

14,780 sqftBuilt 1985

List price

$3,750,000

77-79 Commonwealth Avenue Mount Pearl Newfoundland & Labrador Canada A1N1W7, 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® 1294279

Excellent opportunity to own a prime commercial property in the heart of Mt. Pearl. The building is anchored by a national retail drug store. The owners operate a medical practice on the second floor and lease an additional unit to a physiotherapy clinic. Over 230 feet of frontage on Commonwealth Avenue and a large parking lot that can accommodate 60+ vehicles. (id:56688)

Property details

MLS®1294279

Listing ID29322373

Address77-79 Commonwealth Avenue, Mount Pearl, Newfoundland & Labrador, Canada A1N1W7

StatusActive

Last updateda month ago ( Sep 15, 2026 )

Year Built1985

Property TypeOffice

Structure TypeRetail

Ownership TypeFreehold

Number of stories2

Number of Levels2

HeatingHeat Pump

Living Area Total14,780 square feet

Price per sq ft: $254

Tax Annual Amount$29,274

Tax Year2026

GarageNo

Attached GarageNo

CarportNo

Open ParkingNo

WaterfrontNo

PoolNo

RoofTar & gravel, Unknown

HeatingHeat Pump

Common InterestFreehold

Business TypeOther, Retail and Wholesale, Service

Building FeaturesAir Conditioning

Number of photos available14

Rurl
Coordinates: [47.515142, -52.80372]

Rooms

Basic Calculator

Principal Amount ($):

Annual Interest Rate (%):

Loan Term (Years):

Down Payment ($):

Percent Down (%):

First Mortgage: $3,000,000

Mortgage insurance premium: $0

Total Financing: $3,000,000

Rough closing fee (1.5%): ~ $56,250

Total downpayment with estimated closing fee: $806,250

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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	$16,259	$195,108
Gross rental income (income/principal ratio)	0.434%	5.203%
Mortgage	$0	$0
Monthly Expenses	$4,688	$56,256
Vacancy	$813	$9,756
Management Fee	$1,301	$15,609
Expense / Income Ratio	28.83%	28.83%
Cash Flow	$9,458	$113,496
Net Operating Income (NOI)	$9,458	$113,496
Capitalization Rate	0.25%	3.03%

Capitalization Rate: 3.03%

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).): $5,357,143

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