TelephoneEmail61 Elizabeth Drive, Gander, Newfoundland & Labrador, Canada A1V1G7

For sale · MLS® 1304750

61 Elizabeth Drive

Gander, NL, A1V1G7

location

List price

$1,250,000

61 Elizabeth Drive Gander Newfoundland & Labrador Canada A1V1G7, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
61 Elizabeth Drive Gander Newfoundland & Labrador Canada A1V1G7, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
61 Elizabeth Drive Gander Newfoundland & Labrador Canada A1V1G7, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
61 Elizabeth Drive Gander Newfoundland & Labrador Canada A1V1G7, for Sale, residential, Haris Barki, Keller Williams Platinum Realty

Presented by

Haris Barki
Haris Barki
REALTOR® · Keller Williams Platinum Realty

About this propertyMLS® 1304750

Positioned in a high-visibility, high-traffic area of Gander, 61 Elizabeth Drive offers a prime opportunity to secure a substantial commercial investment in one of the town’s most established business corridors. If you’re searching for a property that delivers on location, scale, and long-term value, this impressive building checks all the boxes. Offering over 14,000 sq. ft. of fully refurbished office space, the property features approximately 7,127 sq. ft. on the main level and 7,242 sq. ft. on the second floor, making it ideal for a wide range of professional, administrative, or commercial uses. Extensively upgraded over the past 15 years, this building provides peace of mind with key improvements already in place. It is equipped with an 800-amp electrical service, baseboard heating, and roof-mounted HVAC units, ensuring functionality and efficiency for tenants or owners alike. Constructed in 1978 on a solid concrete slab, the building boasts a durable brand new 2 ply torched-on membrane roof, installed September 2026 and a low-maintenance exterior finished in brick and metal siding, combining longevity with strong curb appeal. Adding even more value, both parking lots have been resurfaced within the past 15 years, offering ample on-site parking-a key feature for any thriving business location. This is a rare opportunity to own a well-maintained, strategically located commercial property in the heart of Gander-perfect for investors seeking a reliable income generating asset or businesses looking to establish themselves in a prominent location. (id:56688)

Specifications

Property details

MLS®1304750
Listing ID30438045
Address61 Elizabeth Drive, Gander, Newfoundland & Labrador, Canada A1V1G7
StatusActive
Last updated8 days ago ( Oct 23, 2026 )
Property TypeOffice
Structure TypeOffices
HeatingElectric
Tax Annual Amount$7,340
Tax Year2026
Common InterestFreehold
Business TypeService
Number of photos available4

Room by room

Rooms

The essentials

Location, air, flood & taxes

Elevation

132 m above sea level

Air quality now

AQHI 2.09 · Low risk

Grand Falls - Windsor station · updated 2:00 a.m.

Property tax

$7,340 / year

≈ $612 / month · assessment year 2026

Climate

Jan -3° · Jul 22°

normal daily high · GANDER INT'L A station · 1991–2020

Nearby & drive routes

15 places shown · OpenStreetMap · OSRM

Schools 3

Health 1

Groceries 5

Cafés 4

Parks 2

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

$612/mo

Rate 5%Term 30 yrDown 20% ($250,000)Tax $612/mo

Principal & interest $0 + property tax $612 per month

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Financing breakdown

First mortgage$1,000,000
CMHC insurance premium$0
Total financing$1,000,000
Closing costs (est. 1.5%)$18,750
Cash to close(down payment + closing)$268,750
Total interest over term$-1,250,000
Property tax/mo$612
Yearly payments+ tax$7,340

Rental math

Investment calculator

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Monthly cash flow

$-611

NOI / month

$-611

Cap rate

-0.59%

Gross yield

0.00%

Line itemMonthlyYearly
Gross rent$0$0
Mortgage$0$0
Property tax$612$7,340
Expenses$0$0
Vacancy$0$0
Management$0$0
Cash flow$-611$-7,332
NOI$-611$-7,332
After-repair value (ARV)$1,785,715

Flip rule of thumb: buy at ≤ 70% of ARV minus repair costs.

Neighbourhood scores
Walk Score for 61 Elizabeth DriveBike Score for 61 Elizabeth DriveTransit Score for 61 Elizabeth Drive
Explore Gander on Walk Score

Get in touch

Have a question?

Send a message and Haris will get back to you — usually the same day.

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Buying, selling, or just curious about what your home is worth — no call centres, no runaround.

Haris Barki, REALTOR®
Keller Williams Platinum Realty

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