For sale · MLS® 1299851
40 Main Road
Piccadilly, NL, A0N1T0
List price
$329,000
About this propertyMLS® 1299851
What a great business opportunity!! Located in Piccadilly in a high traffic area this well established family restaurant is the ideal situation ...live in the 2 bedroom attached home and run the restaurant all under one roof. The restaurant features a dining room that can accommodate 45 customers, bar area, 2 public washrooms and a fully equipped functionable kitchen with a walkin cooler. The dining area is equipped with a heat pump as a main heat source and cozied up with a wood stove for those cold winter days. The attached home features open concept living room, dining room and kitchen area cozied up with a wood stove, two bedrooms, main bathroom, porch/laundry and a loft area that can be used for a third bedroom or sleeping area. Also comes with two storage sheds for storing wood for the winter. Don't miss out this one priced to sell call today. A portion of the purchase price is HST applicable (id:56688)
Specifications
Property details
Room by room
Rooms
| Main level | Bedroom Bedroom Living room Kitchen | 10 x 10 10 x 10 12 x 12 10 x 10 |
The essentials
Location, air, flood & taxes
Elevation
51 m above sea level
Air quality now
AQHI 1 · Low risk
Corner Brook station · updated 2:00 a.m.
Property tax
$400 / year
≈ $33 / month
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
$34/mo
Principal & interest $0 + property tax $34 per month
Financing breakdown
Rental math
Investment calculator
Monthly cash flow
$-411
NOI / month
$-411
Cap rate
-1.50%
Gross yield
0.00%
| Line item | Monthly | Yearly |
|---|---|---|
| Gross rent | $0 | $0 |
| Mortgage | $0 | $0 |
| Property tax | $34 | $400 |
| Expenses | $378 | $4,536 |
| Vacancy | $0 | $0 |
| Management | $0 | $0 |
| Cash flow | $-411 | $-4,932 |
| NOI | $-411 | $-4,932 |
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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- Call or text416-873-4676
- Emailharis@barki.co
- Office17 Duffy Place, Suite 200, St. John's
Keller Williams Platinum Realty
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