For sale · MLS® 1297873
120 Humber Road
Corner Brook, NL,
List price
$629,000
About this propertyMLS® 1297873
This impressive commercial building currently operating as an automotive business presents a unique opportunity for entrepreneurs seeking a versatile space with endless potential. Boasting over 6200 square feet, the property is strategically designed to accommodate a variety of business ventures. Upon entering the building, you are greeted by a tastefully updated reception area, a public washroom, ample storage space, and four spacious automotive bays, providing a functional layout for automotive-related activities. Additionally, a well-equipped lunchroom and a second bathroom cater to the needs of employees and clients alike. A standout feature of this property is the right side of the building which comes fully furnished with all equipment showcased on display. This inclusion adds further value to the property, allowing for a seamless transition for prospective buyers looking to continue an automotive-focused business. The left side of the building is a blank canvas awaiting customization. Separated by concrete to the roof, this area offers two stories of undeveloped storage space brimming with potential. The possibilities are limitless for this space, offering an opportunity to tailor it to your specific business requirements and preferences. Moreover, the left side also features two office spaces and a third washroom, providing additional functional areas for administrative work or client meetings. This division of the building into distinct areas allows for flexible usage, whether it be to rent out one side while running your business on the other, or to fully utilize the building in its current layout. Savvy investors can leverage the versatility of this property to explore various revenue streams or business models, making it an ideal investment opportunity. With its strategic location and adaptable layout, this building offers a promising foundation for growth and success in a competitive commercial real estate market. (id:56688)
Specifications
Property details
Room by room
Rooms
The neighbourhood
Corner Brook at a glance
Live market stats for Corner Brook — what's for sale, what it costs, and how it compares to nearby towns.
Homes for sale here
90
Median list price
$302k
Price range
$40k – $1.2M
Typical build
1965
Average size
2,622 sqft
Where Corner Brook listings are priced
Every active list price in Corner Brook, grouped into bands.
List price, thousands of $ · 86 homes
View as table
| Price band ($) | Listings |
|---|---|
| <200 | 22 |
| 200–300 | 21 |
| 300–400 | 22 |
| 400–500 | 9 |
| 500–750 | 7 |
| 750–1M | 4 |
| 1M+ | 1 |
How Corner Brook compares
Median list price against the next biggest markets — click a row for that area guide.
Corner Brooknearby markets
The essentials
Location, air, flood & taxes
Elevation
50 m above sea level
Air quality now
AQHI 1 · Low risk
Corner Brook station · updated 3:00 a.m.
Property tax
$2,500 / year
≈ $208 / month
Climate
Feb -3° · Jul 22°
normal daily high · CORNER BROOK station · 1991–2020
Nearby & drive routes
8 places shown · OpenStreetMap · OSRM
Schools 3
Groceries 1
Cafés 2
Parks 2
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
$209/mo
Principal & interest $0 + property tax $209 per month
Financing breakdown
Rental math
Investment calculator
Monthly cash flow
$-786
NOI / month
$-786
Cap rate
-1.50%
Gross yield
0.00%
| Line item | Monthly | Yearly |
|---|---|---|
| Gross rent | $0 | $0 |
| Mortgage | $0 | $0 |
| Property tax | $209 | $2,500 |
| Expenses | $578 | $6,936 |
| Vacancy | $0 | $0 |
| Management | $0 | $0 |
| Cash flow | $-786 | $-9,432 |
| NOI | $-786 | $-9,432 |
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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