For sale · MLS® 1294619
1-3 Penney's Pond Road
Burin, NL, A0E1E0
List price
$300,000
About this propertyMLS® 1294619
Once the Catholic school that proudly served Burin for over 20 years, this landmark property has since taken on new life as the well-known Exhibition Hall—a popular summer venue for weddings and community events over the past decade. Now, it’s ready for its next chapter. The sale includes two buildings: Main school building – approx. 8,900 sq. ft. (57.4' x 155'), featuring a fully transformed main floor currently set up as an event centre. The untouched top floor offers incredible redevelopment potential and could be reimagined into 9–10 two-bedroom condos, retail spaces, or other commercial ventures. Rear building – approx. 2,930 sq. ft. (51.4' x 57') with garage door access, ideal for storage, workshop, or business use. (A third building, the former gym, has a separate owner and is not included in this sale.) With its solid structure, prime size, and versatile layout, this property offers endless opportunities—whether you want to expand on its role as a cultural and community hub or transform it into a mixed-use commercial/residential development. HST applies to this commercial listing and will be the responsibility of the purchaser. All measurements are to be verified by the Purchaser. Bring your vision and give this historic Burin landmark new life! (id:56688)
Specifications
Property details
Room by room
Rooms
The neighbourhood
Burin at a glance
Live market stats for Burin — what's for sale, what it costs, and how it compares to nearby towns.
Homes for sale here
13
Median list price
$260k
Price range
$25k – $1.3M
Typical build
1983
Average size
7,269 sqft
Where Burin listings are priced
Every active list price in Burin, grouped into bands.
List price, thousands of $ · 13 homes
View as table
| Price band ($) | Listings |
|---|---|
| <200 | 5 |
| 200–300 | 3 |
| 300–400 | 4 |
| 1M+ | 1 |
How Burin compares
Median list price against the next biggest markets — click a row for that area guide.
The essentials
Location, air, flood & taxes
Elevation
11 m above sea level
Air quality now
AQHI 1.43 · Low risk
Burin station · updated 2:00 a.m.
Property tax
$1,029 / year
≈ $86 / month
Climate
Feb -1° · Aug 21°
normal daily high · WINTERLAND station · 1991–2020
Nearby & drive routes
4 places shown · OpenStreetMap · OSRM
Schools 1
Health 1
Cafés 1
Parks 1
Plan ahead
Calculators & neighbourhood
Estimate payments and returns, and check how walkable this address is — all in one place.
Plan ahead
Mortgage & investment calculator
Estimated monthly payment
$86/mo
Principal & interest $0 + property tax $86 per month
Financing breakdown
Rental math
Investment calculator
Monthly cash flow
$-374
NOI / month
$-374
Cap rate
-1.50%
Gross yield
0.00%
| Line item | Monthly | Yearly |
|---|---|---|
| Gross rent | $0 | $0 |
| Mortgage | $0 | $0 |
| Property tax | $86 | $1,029 |
| Expenses | $289 | $3,468 |
| Vacancy | $0 | $0 |
| Management | $0 | $0 |
| Cash flow | $-374 | $-4,488 |
| NOI | $-374 | $-4,488 |
Flip rule of thumb: buy at ≤ 70% of ARV minus repair costs.
Get in touch
Have a question?
Send a message and Haris will get back to you — usually the same day.
Talk to Haris
A real person, every time
Buying, selling, or just curious about what your home is worth — no call centres, no runaround.
- Call or text416-873-4676
- Emailharis@barki.co
- Office17 Duffy Place, Suite 200, St. John's
Keller Williams Platinum Realty
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