About this propertyMLS® 1303068
A unique opportunity to own a versatile, extensively renovated property with both commercial and residential space. Ideally located on a main city route, this well-maintained building offers excellent visibility, dedicated rear parking, and a flexible layout suited to a wide range of professional and service-based uses. The main floor includes a welcoming waiting and reception area, multiple client rooms, a lab or production space, a private office, storage, and a washroom. It is well suited for medical, dental, therapeutic, professional, or other service-related purposes, with a practical layout that can be adapted to meet diverse needs. Two spacious, self-contained apartments add further value by providing rental income. The building has undergone two major renovations. In 1990, the main floor was remodelled, with updates to plumbing, electrical, flooring, and more. In 2015, both apartments dramatically changed with a new gable end and updates to plumbing, electrical, flooring and appliances. New siding and windows were added to complete the 2015 project. In 2025, an interior heat pump system was installed to provide efficient heating and cooling for the main floor. Combining functional commercial space with income-producing residential units, this property offers flexibility, convenience, and strong potential for its next owner. Call today to arrange your personal tour. (id:56688)
Specifications
Property details
Room by room
Rooms
The essentials
Location, air, flood & taxes
Elevation
21 m above sea level
Air quality now
AQHI 1 · Low risk
Corner Brook station · updated 2:00 a.m.
Property tax
$6,920 / year
≈ $577 / month
Climate
Feb -3° · Jul 22°
normal daily high · CORNER BROOK station · 1991–2020
Nearby & drive routes
19 places shown · OpenStreetMap · OSRM
Schools 5
Health 1
Groceries 4
Cafés 6
Parks 3
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
$577/mo
Principal & interest $0 + property tax $577 per month
Financing breakdown
Rental math
Investment calculator
Monthly cash flow
$-748
NOI / month
$-748
Cap rate
-1.50%
Gross yield
0.00%
| Line item | Monthly | Yearly |
|---|---|---|
| Gross rent | $0 | $0 |
| Mortgage | $0 | $0 |
| Property tax | $577 | $6,920 |
| Expenses | $172 | $2,064 |
| Vacancy | $0 | $0 |
| Management | $0 | $0 |
| Cash flow | $-748 | $-8,976 |
| NOI | $-748 | $-8,976 |
Flip rule of thumb: buy at ≤ 70% of ARV minus repair costs.
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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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