For sale · MLS® 1299459
410 Booth Avenue
Labrador City, NL, A2V2K7
List price
$1,499,900
About this propertyMLS® 1299459
This outstanding property presents numerous development opportunities, including the potential for residential units complemented by commercial retail space on the main floor. The property may also be subdivided and sold separately, offering added flexibility for developers and investors. Situated on 5.7 acres, this impressive 105,000 sq. ft., three-storey former hospital offers exceptional versatility and significant upside potential. Current zoning permits various uses, including Industrial, Institutional, and Commercial development. The surplus land further enhances the property's appeal, creating opportunities for a separate development project. The building comprises two distinct sections: the Annex and the former hospital, which was named in honor of Captain William Jackman of Renews, Newfoundland and Labrador, celebrated for his heroic rescue of twenty-seven survivors from the wreck of the Sea Clipper off the Labrador coast. (id:56688)
Specifications
Property details
Room by room
Rooms
The neighbourhood
Labrador City at a glance
Live market stats for Labrador City — what's for sale, what it costs, and how it compares to nearby towns.
Homes for sale here
14
Median list price
$377k
Price range
$275k – $2.1M
Typical build
1975
Average size
9,810 sqft
Where Labrador City listings are priced
Every active list price in Labrador City, grouped into bands.
List price, thousands of $ · 14 homes
View as table
| Price band ($) | Listings |
|---|---|
| 200–300 | 2 |
| 300–400 | 6 |
| 400–500 | 1 |
| 500–750 | 3 |
| 1M+ | 2 |
How Labrador City compares
Median list price against the next biggest markets — click a row for that area guide.
Labrador Citynearby markets
The essentials
Location, air, flood & taxes
Elevation
567 m above sea level
Air quality now
AQHI 1.72 · Low risk
Labrador City station · updated 1:00 a.m.
Property tax
$11,896 / year
≈ $991 / month
Climate
Jan -17° · Jul 19°
normal daily high · WABUSH LAKE A station · 1991–2020
Nearby & drive routes
20 places shown · OpenStreetMap · OSRM
Schools 10
Groceries 1
Cafés 1
Parks 8
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
$992/mo
Principal & interest $0 + property tax $992 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 | $992 | $11,896 |
| Expenses | $883 | $10,596 |
| 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
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- Emailharis@barki.co
- Office17 Duffy Place, Suite 200, St. John's
Keller Williams Platinum Realty
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