For sale · MLS® 1304650
140 Main Street
ST. ALBANS, NL, A0H2E0
List price
$549,000
About this propertyMLS® 1304650
Welcome to Hotel St. Albans, located in the scenic town of St. Albans, just 15 km from the Newfoundland and Labrador Hydro site gate and surrounded by growing industrial and aquaculture activity. This well-established and profitable operation offers an excellent opportunity for anyone looking to step into a turnkey business in a developing area. The main building features 11 guest rooms, along with a full kitchen, laundry room, and a spacious dining area that can accommodate up to 40 people. In addition, the property includes a 6-room motel built in 2012, with each room offering a king bed and full private washroom, as well as six cabins built in 2010, consisting of three single units and three double units. Recent upgrades include new windows and siding on the main building, and the property is supported by a 600-amp electrical service in the main building. Ideally located next to the community centre and directly across from a gas station, this property offers excellent accessibility and steady demand. (id:56688)
Specifications
Property details
Room by room
Rooms
The essentials
Location, air, flood & taxes
Elevation
3 m above sea level
Air quality now
AQHI 1.43 · Low risk
Burin station · updated 2:00 a.m.
Property tax
$4,276 / year
≈ $356 / month
Climate
Jan -1° · Aug 22°
normal daily high · BAY D'ESPOIR GEN STN station · 1991–2020
Nearby & drive routes
4 places shown · OpenStreetMap · OSRM
Health 1
Groceries 2
Parks 1
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
$357/mo
Principal & interest $0 + property tax $357 per month
Financing breakdown
Rental math
Investment calculator
Monthly cash flow
$-686
NOI / month
$-686
Cap rate
-1.50%
Gross yield
0.00%
| Line item | Monthly | Yearly |
|---|---|---|
| Gross rent | $0 | $0 |
| Mortgage | $0 | $0 |
| Property tax | $357 | $4,276 |
| Expenses | $330 | $3,960 |
| Vacancy | $0 | $0 |
| Management | $0 | $0 |
| Cash flow | $-686 | $-8,232 |
| NOI | $-686 | $-8,232 |
Flip rule of thumb: buy at ≤ 70% of ARV minus repair costs.
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- Emailharis@barki.co
- Office17 Duffy Place, Suite 200, St. John's
Keller Williams Platinum Realty
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