Telephone Email1462 Topsail Road, Paradise, Newfoundland & Labrador, Canada A1L1P8

For sale · MLS® 1302669

1462 Topsail Road

Paradise, NL, A1L1P8

1,020 sqft

List price

$275,000

1462 Topsail Road Paradise Newfoundland & Labrador Canada A1L1P8, for Sale, residential, Haris Barki, Keller Williams Platinum Realty

Presented by

Haris Barki

416-873-4676

haris@barki.co

REALTOR® · Keller Williams Platinum Realty

About this propertyMLS® 1302669

1/3 acre lot with great traffic visibility on the north side of Topsail rd at the corner of SunValley Dr. Superb location for retail, offices, restaurants and much more. Additional adjacent land may be available soon. Older but substantial 3 BR bungalow on site (Currently rented) can be renovated or removed for development. (id:56688)

Property details

MLS®1302669

Listing ID30234172

Address1462 Topsail Road, Paradise, Newfoundland & Labrador, Canada A1L1P8

StatusActive

Last updated2 months ago ( Sep 4, 2026 )

Property TypeRetail

Structure TypeCommercial Mix

Ownership TypeFreehold

HeatingBaseboard heaters, Electric

FlooringMixed Flooring

Living Area Total1,020 square feet

Price per sq ft: $270

Tax Annual Amount$1,800

GarageNo

Attached GarageNo

CarportNo

Open ParkingNo

WaterfrontNo

PoolNo

RoofFiberglass, Unknown

HeatingBaseboard heaters, Electric

FlooringMixed Flooring

Common InterestFreehold

Business TypeOther

Number of photos available4

Rurl
Coordinates: [47.531783, -52.85963]

Rooms

Basic Calculator

Principal Amount ($):

Annual Interest Rate (%):

Loan Term (Years):

Down Payment ($):

Percent Down (%):

First Mortgage: $220,000

Mortgage insurance premium: $0

Total Financing: $220,000

Rough closing fee (1.5%): ~ $4,125

Total downpayment with estimated closing fee: $59,125

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Investment Calculator:

Monthly Income (Initially estimated at $1.1 per sqft):

Monthly Expense (includes taxes, insurance, utilities, maintenance etc, excluding mortgage payment) (initally estimated at 1.5% per year of principal):

Vacancy Rate (%):

Management Fee (%):

Total cost of initial renovation ($):

	Monthly	Yearly
Gross Revenue	$1,122	$13,464
Gross rental income (income/principal ratio)	0.408%	4.896%
Mortgage	$0	$0
Monthly Expenses	$344	$4,128
Vacancy	$57	$674
Management Fee	$90	$1,078
Expense / Income Ratio	30.66%	30.66%
Cash Flow	$633	$7,596
Net Operating Income (NOI)	$633	$7,596
Capitalization Rate	0.23%	2.76%

Capitalization Rate: 2.76%

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).): $392,858

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