About this propertyMLS® 1303694
Located in downtown Corner Brook, this two-storey commercial property offers major potential for an investor/entrepreneur. Featuring multiple street-facing windows and great visibility in a high-foot-traffic area, this property is full of opportunity. While the building requires renovations, it presents the chance to transform the space into a thriving commercial investment in a sought-after location. (id:56688)
Specifications
Property details
Room by room
Rooms
The essentials
Location, air, flood & taxes
Elevation
23 m above sea level
Air quality now
AQHI 1 · Low risk
Corner Brook station · updated 2:00 a.m.
Property tax
$4,405 / year
≈ $367 / 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
$368/mo
Principal & interest $0 + property tax $368 per month
Financing breakdown
Rental math
Investment calculator
Monthly cash flow
$-374
NOI / month
$-374
Cap rate
-1.50%
Gross yield
0.00%
| Line item | Monthly | Yearly |
|---|---|---|
| Gross rent | $0 | $0 |
| Mortgage | $0 | $0 |
| Property tax | $368 | $4,405 |
| Expenses | $7 | $84 |
| Vacancy | $0 | $0 |
| Management | $0 | $0 |
| Cash flow | $-374 | $-4,488 |
| NOI | $-374 | $-4,488 |
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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