For sale · MLS® 1302267
15 Hebron Way
St John's, NL, A1A0M1
3,200 sqft
List price
$239,000
About this propertyMLS® 1302267
Prime Opportunity to be a franchise owner of a Cora restaurant on Hebron way, St John's. Property has been well maintained. Owners Retiring. (id:56688)
Property details
MLS®1302267
Listing ID30189338
Address15 Hebron Way, St John's, Newfoundland & Labrador, Canada A1A0M1
StatusActive
Last updated2 months ago ( Aug 24, 2026 )
Property TypeRetail
Structure TypeSpecial Purpose
Ownership TypeLeasehold
Number of stories1
Number of Levels1
HeatingElectric
Living Area Total3,200 square feet
Price per sq ft: $75Tax Annual Amount$18,000
GarageNo
Attached GarageNo
CarportNo
Open ParkingNo
WaterfrontNo
PoolNo
RoofTar & gravel, Unknown
HeatingElectric
Common InterestLeasehold
Business TypeRestaurant
Building FeaturesRecreation Centre, Air Conditioning
Number of photos available2
RurlCoordinates: [47.616524, -52.725082]
Rooms
Basic Calculator
First Mortgage: $191,200
Mortgage insurance premium: $0
Total Financing: $191,200
Rough closing fee (1.5%): ~ $3,585
Total downpayment with estimated closing fee: $51,385
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $3,521 | $42,252 |
| Gross rental income (income/principal ratio) | 1.473% | 17.679% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $299 | $3,588 |
| Vacancy | $177 | $2,113 |
| Management Fee | $282 | $3,381 |
| Expense / Income Ratio | 8.49% | 8.49% |
| Cash Flow | $2,765 | $33,180 |
| Net Operating Income (NOI) | $2,765 | $33,180 |
| Capitalization Rate | 1.16% | 13.88% |
Capitalization Rate: 13.88%
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).): $341,429
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