About this propertyMLS® 1304079
Approximately 30 minutes from St. John’s, this exceptional property offers an exciting opportunity to bring your vision to life in a community with tremendous potential. Formerly a school, this distinctive property offers a blank canvas for an entrepreneur, investor, developer, or business owner looking for something truly different. The building has been completely stripped and cleared out, providing a fresh starting point for its next chapter and allowing the new owner to design and develop the space to suit their own needs and vision. Adding even more versatility are two oversized garage doors, making the property suitable for a wide variety of potential uses where vehicle or equipment access is important. Whether you're envisioning a commercial operation, workshop, warehouse-style space, recreational facility or an innovative mixed-use concept. The possibilities are wide-ranging, this property provides the opportunity to create something unlike anything else in the area. Located in Tors Cove, you can enjoy the charm and community atmosphere of the area while remaining within easy driving distance of St. John’s and surrounding communities. For the right buyer, this could be the perfect opportunity to transform a former school into a standout destination and thriving business. (id:56688)
Specifications
Property details
Room by room
Rooms
The essentials
Location, air, flood & taxes
Elevation
69 m above sea level
Air quality now
AQHI 1.82 · Low risk
St. John's station · updated 2:00 a.m.
Property tax
$220 / year
≈ $18 / month
Nearby & drive routes
0 places shown · 3 routes · OpenStreetMap · OSRM
- 44 min to downtown St. John's45.6 km
- 50 min to Memorial University49.2 km
- 56 min to Avalon Mall55.9 km
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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
$19/mo
Principal & interest $0 + property tax $19 per month
Financing breakdown
Rental math
Investment calculator
Monthly cash flow
$-249
NOI / month
$-249
Cap rate
-1.49%
Gross yield
0.00%
| Line item | Monthly | Yearly |
|---|---|---|
| Gross rent | $0 | $0 |
| Mortgage | $0 | $0 |
| Property tax | $19 | $220 |
| Expenses | $231 | $2,772 |
| Vacancy | $0 | $0 |
| Management | $0 | $0 |
| Cash flow | $-249 | $-2,988 |
| NOI | $-249 | $-2,988 |
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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