For sale · MLS® 1297089
50 Durrell Street
Twillingate, NL, A0G1Y0
List price
$1,500,000
About this propertyMLS® 1297089
RETAIL BUSINESS INVESTMENT IN THE HEART OF Tourism Central, Twillingate. Durrell One-Stop Limited (operating under the Stuckless Value Grocer) combines stable, essential-service cash flow with untapped real estate upside. Multi-dept. operation including groceries, dry goods, hardware, butcher, ice-cream/cakes made in house. The 11,990 Square Feet building sits on 6.70 acres of land. This long-standing business is being sold through an asset sale with owners planning towards retirement. Calling entrepreneurs who are looking to prosper in a lifestyle that offers deep community spirit and a closer setting to the traditional way of life. Grocery store business comes complete with refrigeration units (updated 2015), shelving, multiple fridges, walk-in freezer, warehouse in rear. Canada Post is a tenant of the building, providing increased foot traffic for retail sales. In addition to the business this site is perfectly positioned for a mixed-use conversion or a large-scale seniors' housing project to meet the region’s growing demographic needs. Attractive seller financing (VTB) may be available for a qualified purchaser. (id:56688)
Specifications
Property details
Room by room
Rooms
The essentials
Location, air, flood & taxes
Elevation
14 m above sea level
Air quality now
AQHI 2.09 · Low risk
Grand Falls - Windsor station · updated 2:00 a.m.
Property tax
$3,151 / year
≈ $263 / month
Nearby & drive routes
2 places shown · OpenStreetMap · OSRM
Health 1
Groceries 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
$263/mo
Principal & interest $0 + property tax $263 per month
Financing breakdown
Rental math
Investment calculator
Monthly cash flow
$-1,874
NOI / month
$-1,874
Cap rate
-1.50%
Gross yield
0.00%
| Line item | Monthly | Yearly |
|---|---|---|
| Gross rent | $0 | $0 |
| Mortgage | $0 | $0 |
| Property tax | $263 | $3,151 |
| Expenses | $1,612 | $19,344 |
| Vacancy | $0 | $0 |
| Management | $0 | $0 |
| Cash flow | $-1,874 | $-22,488 |
| NOI | $-1,874 | $-22,488 |
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
Your details go straight to Haris — never shared, never spammed.