For sale · MLS® 1305025
46 Main Street
Grand Bank, NL, A0E1W0
List price
$159,900
About this propertyMLS® 1305025
Are you ready to embark on a new journey as an entrepreneur possibly? Look no further! This maintained property is nestled in the heart of Grand Bank, offers a unique opportunity for those looking to start their own business while enjoying the comforts of home—all in one exceptional property! Located steps away from local schools and a pharmacy, this property boasts high visibility and foot traffic, making it an ideal spot for a wide range of business ventures or to live in and have a generous storage area. The main level of the building features expansive floor space that can be tailored to suit your living needs. The upper floor is a fully functioning apartment complete with laundry facilities, offering a cozy retreat after a long day of work. Accompanying the property is a spacious detached double car garage (26x22), providing secure parking and additional storage options. With the potential dual-purpose setup of commercial and residential spaces, this property is not only a great place to kickstart your business but also a sound investment. Take the first step toward your dreams today! Your future begins here—make it remarkable! (id:56688)
Specifications
Property details
Overview
The home
Systems & utilities
Size & land
Taxes
Parking & outdoor
Features
Fees & source
Room by room
Rooms
The neighbourhood
Grand Bank at a glance
Live market stats for Grand Bank — what's for sale, what it costs, how it compares to nearby towns, and how walkable this address is.
Homes for sale here
8
Median list price
$130k
Price range
$36k – $1.3M
Typical build
1954
Average size
1,741 sqft
Where Grand Bank listings are priced
Every active list price in Grand Bank, grouped into bands.
List price, thousands of $ · 8 homes
View as table
| Price band ($) | Listings |
|---|---|
| <200 | 6 |
| 200–300 | 1 |
| 1M+ | 1 |
How Grand Bank compares
Median list price against the next biggest markets — click a row for that area guide.
The essentials
Location, air, flood & taxes
Elevation
2 m
0300 mmetres above sea level
Air quality now
1–3 band
110+AQHI 2 · Low risk · Burin · updated 5:00 p.m.
Flood & zoning are mapped for St. John's only
Property tax
$1,277 / year
≈ $106 / month
Amenity constellation
compass view · OpenStreetMap · ODEF schools
Nearby & drive routes
8 places shown · OpenStreetMap · OSRM
Schools 2
Health 1
Groceries 2
Parks 3
Cost & context
What this home really costs
Winter heat, five years of ownership, how this price sits against the market, and what the map says is within walking distance — every figure captioned with its assumptions.
5-year cost of ownership
20% down · 25-yr
5-year all-in: $64,653
Closing costs + five years of running costs + 60 mortgage payments on a $159,900 home.
If rates rise 2 points
$9,136 more over five years if the rate is 6.44% instead of 4.44% — P&I only.
Once, at closing
- Land transfer (registration) fee$100 + $0.40 per $100 over $500, capped at $5,000$738
- Legal feesest.estimate — your lawyer quotes the exact figure$1,500
- Down payment (20%)$31,980
Every year
- Heatingest.2× the Jan–Mar estimate (heating season ≈ 6 months)$1,626
- Property taxfrom the feed$1,277
- Home insuranceest.estimate — NL range $700–$1,500/yr$1,100
× 5 years = $20,015
By down payment
| Down | Payment | 5-yr all-in | Note |
|---|---|---|---|
| 5% | $839 | $72,603 | needs mortgage insurance (not modelled) |
| 10% | $795 | $69,953 | needs mortgage insurance (not modelled) |
| 20% | $707 | $64,653 | no mortgage insurance |
Estimates — not a quote or an appraisal. Mortgage at 4.44% (best market 5-yr fixed, Ratehub.ca, 2026-11-03), 25-year amortization, P&I only. Land transfer fee: Registry of Deeds schedule ($100 + $0.40/$100 over $500, cap $5,000). Legal $1,500 and insurance $1,100/yr (NL range $700–$1,500) are estimates. Heating is 2× the Jan–Mar winter estimate. 5-year all-in = closing costs + 5 years of running costs + 60 mortgage payments; it excludes CMHC insurance (needed below 20% down), utilities other than heat, and maintenance.
Rate time machine
same house · same down payment
Same house, same down payment — your payment today at 4.44%best market rate · posted was 6.19%
- Today, best market rate2026-11-03 · 4.44%$707/mo
- Today, posted2026-10-28 · 6.19%$839/mo
- 5 years ago2021-11-03 · 4.79%$732/mo
- 10 years ago2016-11-02 · 4.64%$721/mo
At 6.19% — five years ago — the same mortgage would have cost $132 more each month than at today's posted rate.
Principal & interest only: $127,920 (80% of the $159,900 asking price — 20% down), 25-year amortization. No taxes, insurance, fees, or mortgage insurance. Today's rate is the Bank of Canada conventional 5-year rate observed 2026-10-28. The 5- and 10-year rows are two documented observations of that same series (2021-11-03 = 4.79%, 2016-11-02 = 4.64%, retrieved 2026-11-01 from bankofcanada.ca/valet) — fixed reference points, not a modelled path between them. Estimate — not an offer of credit; your lender's rate will differ.
Errand score
walk-time weighted
50
grocery 590 m, school 60 m
Nearest errand: John Burke High School (Grand Bank) (school) — 60 m, about 1 min on foot.
Walk-time-weighted from OpenStreetMap + ODEF school data; straight-line distance at 4.8 km/h. Weights: grocery 1.0, school 0.9, health 0.8, park 0.4, café 0.35, bus 0.3 — nearest place per category only. Half-value every 6 minutes of walking; nothing scores past a 15-minute walk. 100 = every category at the door. This is a mapping of what's drawn on the map, not a survey of what exists.
Ask this listing
open data · 3 questions
- School within 1 km?Yes · 60 mJohn Burke High School (Grand Bank)
- Grocery nearby?Yes · 590 mGrocery store
- Bus stop?No bus stop mapped within 800 m
From OpenStreetMap + ODEF schools (straight-line distance) and the City of St. John's flood & zoning maps. Flood and zoning are mapped for St. John's only; elsewhere those questions don't appear because we don't know the answer.
Monthly carrying cost
$750/mo
Plan ahead
Calculators
Estimate payments and returns before you make an offer — all in one place.
Plan ahead
Mortgage & investment calculator
Estimated monthly payment
$107/mo
Principal & interest $0 + property tax $107 per month
Financing breakdown
Rental math
Investment calculator
Monthly cash flow
$-106
NOI / month
$-106
Cap rate
-0.80%
Gross yield
0.00%
| Line item | Monthly | Yearly |
|---|---|---|
| Gross rent | $0 | $0 |
| Mortgage | $0 | $0 |
| Property tax | $107 | $1,277 |
| Expenses | $0 | $0 |
| Vacancy | $0 | $0 |
| Management | $0 | $0 |
| Cash flow | $-106 | $-1,272 |
| NOI | $-106 | $-1,272 |
Flip rule of thumb: buy at ≤ 70% of ARV minus repair costs.
Get in touch
Have a question?
Send a message and Haris will get back to you — usually the same day.
Talk to Haris
A real person, every time
Buying, selling, or just curious about what your home is worth — no call centres, no runaround.
- Call or text416-873-4676
- Emailharis@barki.co
- Office17 Duffy Place, Suite 200, St. John's
Keller Williams Platinum Realty
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