Telephone Email38 Majors Path, St. John's, Newfoundland & Labrador, Canada A1A4Z9

For sale · MLS® 1304949

38 Majors Path

St. John's, NL, A1A4Z9

1,080 sqftBuilt 1956

List price

$389,900

38 Majors Path St. John's Newfoundland & Labrador Canada A1A4Z9, 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® 1304949

So many brilliant options available here! This neat and tidy bungalow is vacant and ready for immediate occupancy. With its commercial industrial zoning, the possibilities here are limitless. Veterinary clinic, dentist office, bakery, restaurant with drive through- you dream it, you build it. Located directly across from Majors Path medical building and seconds to the Outer Ring Road. This one is priced to move. No seller directive, don’t delay, come and view today! (id:56688)

Property details

MLS®1304949

Listing ID30456873

Address38 Majors Path, St. John's, Newfoundland & Labrador, Canada A1A4Z9

StatusActive

Last updateda day ago ( Oct 29, 2026 )

Year Built1956

Property TypeOffice

Structure TypeRetail

Ownership TypeFreehold

HeatingElectric

FlooringMixed Flooring

Living Area Total1,080 square feet

Price per sq ft: $362

Tax Annual Amount$2,053

GarageNo

Attached GarageNo

CarportNo

Open ParkingNo

WaterfrontNo

PoolNo

RoofAsphalt shingle, Unknown

HeatingElectric

FlooringMixed Flooring

Common InterestFreehold

Business TypeFood Services and Beverage, Other, Retail and Wholesale, Service

Number of photos available32

Rurl
Coordinates: [47.610542, -52.725637]

Rooms

Basic Calculator

Principal Amount ($):

Annual Interest Rate (%):

Loan Term (Years):

Down Payment ($):

Percent Down (%):

First Mortgage: $311,920

Mortgage insurance premium: $0

Total Financing: $311,920

Rough closing fee (1.5%): ~ $5,849

Total downpayment with estimated closing fee: $83,829

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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	$1,188	$14,256
Gross rental income (income/principal ratio)	0.305%	3.656%
Mortgage	$0	$0
Monthly Expenses	$488	$5,856
Vacancy	$60	$713
Management Fee	$96	$1,141
Expense / Income Ratio	41.08%	41.08%
Cash Flow	$546	$6,552
Net Operating Income (NOI)	$546	$6,552
Capitalization Rate	0.14%	1.68%

Capitalization Rate: 1.68%

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).): $557,000

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