For sale · MLS® 1302307
18 Humber Road
Corner Brook, NL, A2H1H1
List price
$359,000
About this propertyMLS® 1302307
Prime Downtown Corner Brook Investment Opportunity Located in downtown Corner Brook, this landmark property offers stunning panoramic views of the Bay of Islands and the city. With four rental spaces, all currently rented, this property provides an excellent opportunity for an investor looking for an established income-producing property. The property includes two residential apartments, a spacious commercial retail space currently leased to a successful established business, and a detached double garage that is rented for storage. The one-bedroom apartment features a private deck accessible from both the living room and bedroom, while the spacious three-bedroom apartment includes two storage rooms and a dedicated laundry room. Both apartments have separate entrances and beautiful views. With every space currently rented and the owner ready to retire, this is a great opportunity to take ownership of a well-established downtown property with multiple sources of rental income. A unique investment opportunity in a prime downtown location with incredible views. (id:56688)
Specifications
Property details
Room by room
Rooms
| Main level | Bath (# pieces 1-6) Other | 2 PCS |
| Second level | Bath (# pieces 1-6) Bath (# pieces 1-6) Laundry room Storage Storage Bedroom Bedroom Bedroom Kitchen Living room/Dining room Not known Dining room Not known Not known | 4 PCS 3 PCS 8.4X9.6 9.7X7.9 8.12X14.9 9.7X7.9 9.7X7.6 10.9X11.07 5.03X9.7 27X05X10.96 14.7X23 15.7X10.9 11.13X13.9 16.21X5.5 |
The essentials
Location, air, flood & taxes
Elevation
20 m above sea level
Air quality now
AQHI 1 · Low risk
Corner Brook station · updated 2:00 a.m.
Property tax
$3,400 / year
≈ $283 / month
Climate
Feb -3° · Jul 22°
normal daily high · CORNER BROOK station · 1991–2020
Nearby & drive routes
14 places shown · OpenStreetMap · OSRM
Schools 3
Health 1
Groceries 3
Cafés 5
Parks 2
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
$284/mo
Principal & interest $0 + property tax $284 per month
Financing breakdown
Rental math
Investment calculator
Monthly cash flow
$-448
NOI / month
$-448
Cap rate
-1.50%
Gross yield
0.00%
| Line item | Monthly | Yearly |
|---|---|---|
| Gross rent | $0 | $0 |
| Mortgage | $0 | $0 |
| Property tax | $284 | $3,400 |
| Expenses | $165 | $1,980 |
| Vacancy | $0 | $0 |
| Management | $0 | $0 |
| Cash flow | $-448 | $-5,376 |
| NOI | $-448 | $-5,376 |
Flip rule of thumb: buy at ≤ 70% of ARV minus repair costs.
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- Office17 Duffy Place, Suite 200, St. John's
Keller Williams Platinum Realty
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