For sale · MLS® 1302264
80 Kenmount Road
St John's, NL, A1B3R1
3,300 sqft
List price
$749,000
About this propertyMLS® 1302264
Prime opportunity to own a very successful Cora franchise location, 80 Kenmount Road, St John's, NL. Property has been well maintained and is under active lease. Owners retiring. (id:56688)
Property details
MLS®1302264
Listing ID30189261
Address80 Kenmount Road, St John's, Newfoundland & Labrador, Canada A1B3R1
StatusActive
Last updated2 months ago ( Aug 24, 2026 )
Property TypeRetail
Structure TypeSpecial Purpose
Ownership TypeLeasehold
Number of stories1
Number of Levels1
HeatingElectric
Living Area Total3,300 square feet
Price per sq ft: $227Tax Annual Amount$21,000
GarageNo
Attached GarageNo
CarportNo
Open ParkingNo
WaterfrontNo
PoolNo
RoofTar & gravel, Unknown
HeatingElectric
Common InterestLeasehold
Business TypeRestaurant, Retail and Wholesale
Building FeaturesAir Conditioning
Number of photos available1
RurlCoordinates: [47.558335, -52.760357]
Rooms
Basic Calculator
First Mortgage: $599,200
Mortgage insurance premium: $0
Total Financing: $599,200
Rough closing fee (1.5%): ~ $11,235
Total downpayment with estimated closing fee: $161,035
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $3,631 | $43,572 |
| Gross rental income (income/principal ratio) | 0.485% | 5.817% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $937 | $11,244 |
| Vacancy | $182 | $2,179 |
| Management Fee | $291 | $3,486 |
| Expense / Income Ratio | 25.81% | 25.81% |
| Cash Flow | $2,222 | $26,664 |
| Net Operating Income (NOI) | $2,222 | $26,664 |
| Capitalization Rate | 0.30% | 3.56% |
Capitalization Rate: 3.56%
After-repair value (ARV) (This is a rule for purchasing and flipping distressed real estate for a profit, which states that the purchase price should be less than 70% of after-repair value (ARV) minus repair costs (rehab).): $1,070,000
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