For sale · MLS® 1299004
1186 Topsail Road
Mount Pearl, NL, A1N5E8
List price
$650,000
About this propertyMLS® 1299004
**Prime Topsail Road Opportunity – Residential, Commercial & Development Potential** Located on highly sought-after Topsail Road, this 3-bedroom, 1-bathroom property offers a rare opportunity for homeowners, investors, entrepreneurs, and developers alike. While the home requires some TLC and cosmetic updating, it boasts solid bones, a strong structure, and recent electrical upgrades, providing an excellent foundation for future improvements. Situated on a large parcel of land with impressive frontage along Topsail Road, the property benefits from a desirable commercial-residential mix, creating endless possibilities for a variety of uses. Whether you're looking to renovate and enjoy as a family home, establish a home-based business, or explore future development opportunities, this property offers exceptional flexibility. A detached garage further enhances the property's appeal and may be ideal for automotive enthusiasts or entrepreneurs seeking a location to operate a vehicle repair, detailing, or sales business while living on-site. For those seeking an even larger land assembly, the adjoining property is also available for purchase, presenting a unique opportunity to acquire a substantial holding in one of the area's most visible and accessible locations. Properties with this combination of location, frontage, land size, and potential rarely become available. The opportunities here are truly limitless. (id:56688)
Property details
Coordinates: [47.52842, -52.82489]
Rooms
| Main level | Laundry room Bath (# pieces 1-6) Bedroom Bedroom Bedroom Living room Kitchen | 9X9 null 5x9 null 9x12 null 9X10 null 8X12 null 12X12 null 12X12 null |
Basic Calculator
First Mortgage: $520,000
Mortgage insurance premium: $0
Total Financing: $520,000
Rough closing fee (1.5%): ~ $9,750
Total downpayment with estimated closing fee: $139,750
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $991 | $11,892 |
| Gross rental income (income/principal ratio) | 0.152% | 1.830% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $813 | $9,756 |
| Vacancy | $50 | $595 |
| Management Fee | $80 | $952 |
| Expense / Income Ratio | 82.04% | 82.04% |
| Cash Flow | $50 | $600 |
| Net Operating Income (NOI) | $50 | $600 |
| Capitalization Rate | 0.01% | 0.09% |
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