For sale · MLS® 1304690
209 Empire Avenue
St. John's, NL, A1A2H4
List price
$349,900
About this propertyMLS® 1304690
A rare live/work opportunity in central St. John's. 209 Empire Avenue sits on a highly visible 50 x 100 corner lot, minutes from Memorial University and downtown, with an established commercial use that's grandfathered in. That's very hard to find, and it's currently operating as a busy takeout. The commercial side has an equipped commercial kitchen with stoves, fryers and a commercial range, plus storage and its own front takeout entrance. It's ready for a takeout, café, caterer, bakery or meal-prep business. The residential side has 4 bedrooms, a full bath and new flooring in parts of the home. Live on site, house family or staff, or rent it out to help with costs. There's parking for 3 to 4 vehicles, a newer oil tank, great corner exposure and steady traffic around the university. Bring your vision and your updates, and make it your own. Own your business space and your home together, for less than many people pay to lease. Book your private viewing today. (id:56688)
Property details
Coordinates: [47.565946, -52.728711]
Rooms
Basic Calculator
First Mortgage: $279,920
Mortgage insurance premium: $0
Total Financing: $279,920
Rough closing fee (1.5%): ~ $5,249
Total downpayment with estimated closing fee: $75,229
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $1,651 | $19,812 |
| Gross rental income (income/principal ratio) | 0.472% | 5.662% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $438 | $5,256 |
| Vacancy | $83 | $991 |
| Management Fee | $133 | $1,585 |
| Expense / Income Ratio | 26.53% | 26.53% |
| Cash Flow | $999 | $11,988 |
| Net Operating Income (NOI) | $999 | $11,988 |
| Capitalization Rate | 0.29% | 3.43% |
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