Telephone Email32 PORTUGAL COVE Road, ST. JOHN'S, Newfoundland & Labrador, Canada A1B2L9

For sale · MLS® 1304603

32 PORTUGAL COVE Road

ST. JOHN'S, NL, A1B2L9

1,400 sqftBuilt 1953

List price

$279,500

32 PORTUGAL COVE Road ST. JOHN'S Newfoundland & Labrador Canada A1B2L9, 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® 1304603

STEP INTO A READY-TO-OPERATE BUSINESS THATS A COMMUNITY FAVORITE .RARE OPPORTUNITY TO ACQUIRE A THRIVING,WELL ESTABLISHED CONVENIENCE STORE AND DELI WITH A LOYAL CUSTOMER BASE OR SEIZE A RARE OPPORTUNITY TO ESTABLISH YOUR LOW TRAFFIC ,HIGH VALUE BUSINESS IN A GREAT LOCATION THAT 32 PORTUGAL COVE OFFERS.THIS SITE IS STRATTEGICALLY POSITIONED IN A VERY DESIRABLE NEIGHBOUR HOOD.THIS LOCATION WAS FIRST ESTABLISHED BACK IN THE 1960S AND HAS BEEN OPERATED AS BREENS FOR THE LAST 32 YRS.THE OPEN MAIN FLOOR ALLOWS FOR EASY CUSTOMIZATION TO SUITE YOUR SPECIFIC NEEDS .IDEAL FOR LOW TRAFFIC BUSINESSES SUCH AS BOUTIQUE CLINICS, SMALL PROFESSIONAL SERVICES,SPECIALTY RETAIL QUITE CAFES AND ART STUDIO/GALLARY SALE PRICE IS PLUS HST. BUYER MUST BE A HST REGISTRANT (id:56688)

Property details

MLS®1304603

Listing ID30422339

Address32 PORTUGAL COVE Road, ST. JOHN'S, Newfoundland & Labrador, Canada A1B2L9

StatusActive

Last updated10 days ago ( Oct 20, 2026 )

Year Built1953

Property TypeRetail

Structure TypeRetail

Ownership TypeFreehold

HeatingHeat Pump, Mini-Split

Living Area Total1,400 square feet

Price per sq ft: $200

Tax Annual Amount$5,614

GarageNo

Attached GarageNo

CarportNo

Open ParkingNo

WaterfrontNo

PoolNo

RoofAsphalt shingle, Unknown

HeatingHeat Pump, Mini-Split

Common InterestFreehold

Business TypeFood Services and Beverage, Retail and Wholesale

Building FeaturesAir Conditioning

Number of photos available8

Rurl
Coordinates: [47.578582, -52.710334]

Rooms

Basic Calculator

Principal Amount ($):

Annual Interest Rate (%):

Loan Term (Years):

Down Payment ($):

Percent Down (%):

First Mortgage: $223,600

Mortgage insurance premium: $0

Total Financing: $223,600

Rough closing fee (1.5%): ~ $4,193

Total downpayment with estimated closing fee: $60,093

0000

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	$1,541	$18,492
Gross rental income (income/principal ratio)	0.551%	6.616%
Mortgage	$0	$0
Monthly Expenses	$350	$4,200
Vacancy	$78	$925
Management Fee	$124	$1,480
Expense / Income Ratio	22.71%	22.71%
Cash Flow	$991	$11,892
Net Operating Income (NOI)	$991	$11,892
Capitalization Rate	0.35%	4.25%

Capitalization Rate: 4.25%

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).): $399,286

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