About this propertyMLS® 1296248
This commercial property is strategically situated, providing outstanding visibility and consistent pedestrian traffic. Its proximity to Grenfell Campus, College of the North Atlantic (CNA), Academy Canada, and various prominent public buildings ensures excellent exposure for your business. The site benefits from the proximity to Mount Bernard Avenue, O’Connell Drive, and University Drive, along with paved parking at both the front and rear of the building. The main level encompasses approximately 1,320 square feet and is designed for operational efficiency, featuring public washrooms, front and rear entrances, and a roll-up door to streamline deliveries and inventory replenishment. The lower level provides an additional 600 square feet, ideal for storage and cooler space. Enhancing the investment appeal, the second floor includes a self-contained three-bedroom apartment with a private entrance, offering a reliable source of supplemental income. Energy-efficient mini-splits serve both the commercial space and the residential unit, providing year-round heating and cooling. This versatile property presents an excellent opportunity for owner-operators or investors seeking a high-exposure location with built-in income potential. Call today to arrange your personal tour. (id:56688)
Specifications
Property details
Room by room
Rooms
The essentials
Location, air, flood & taxes
Elevation
48 m above sea level
Air quality now
AQHI 1 · Low risk
Corner Brook station · updated 2:00 a.m.
Property tax
$5,637 / year
≈ $470 / month
Climate
Feb -3° · Jul 22°
normal daily high · CORNER BROOK station · 1991–2020
Nearby & drive routes
18 places shown · OpenStreetMap · OSRM
Schools 5
Health 1
Groceries 4
Cafés 5
Parks 3
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
$470/mo
Principal & interest $0 + property tax $470 per month
Financing breakdown
Rental math
Investment calculator
Monthly cash flow
$-624
NOI / month
$-624
Cap rate
-1.50%
Gross yield
0.00%
| Line item | Monthly | Yearly |
|---|---|---|
| Gross rent | $0 | $0 |
| Mortgage | $0 | $0 |
| Property tax | $470 | $5,637 |
| Expenses | $155 | $1,860 |
| Vacancy | $0 | $0 |
| Management | $0 | $0 |
| Cash flow | $-624 | $-7,488 |
| NOI | $-624 | $-7,488 |
Flip rule of thumb: buy at ≤ 70% of ARV minus repair costs.
Get in touch
Have a question?
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Talk to Haris
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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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