For sale · MLS® 1305143
639 Torbay Road
St. John's, NL, A1A5G9
List price
$750,000
About this propertyMLS® 1305143
This 4600sqft commercial building is situated on 0.8 acres of high visibility land between Stavanger Drive and Hebron Way with 194.9ft of frontage on Torbay Road. The main floor features 7 offices and 4 washrooms plus a full kitchen and a 600sqft garage. The lower level is grade level at the rear and has been operating as a mill-shop and is suitable for many other uses or development as additional office space. Outside there is ample parking with rear yard access that has been utilized as a laydown area and is ready for future development. This is an ideal opportunity for an owner occupied business or for a strategic investment given its proximity to the Health Hub, major retailers, and the highway. (id:56688)
Specifications
Property details
Overview
The home
Systems & utilities
Size & land
Taxes
Parking & outdoor
Features
Fees & source
Room by room
Rooms
The neighbourhood
St. John's at a glance
Live market stats for St. John's — what's for sale, what it costs, how it compares to nearby towns, and how walkable this address is.
Homes for sale here
454
Median list price
$400k
Price range
$1.4k – $4.3M
Typical build
1975
Average size
3,643 sqft
Where St. John's listings are priced
Every active list price in St. John's, grouped into bands.
List price, thousands of $ · 384 homes
View as table
| Price band ($) | Listings |
|---|---|
| <200 | 39 |
| 200–300 | 54 |
| 300–400 | 104 |
| 400–500 | 57 |
| 500–750 | 64 |
| 750–1M | 31 |
| 1M+ | 35 |
How St. John's compares
Median list price against the next biggest markets — click a row for that area guide.
The essentials
Location, air, flood & taxes
Flood (100-yr)
outside the mapped floodplain
Zoning
27.98 ha parcel
Elevation
110 m
0300 mmetres above sea level
Air quality now
1–3 band
110+AQHI 2 · Low risk · St. John's · updated 5:00 p.m.
Property tax
$8,483 / year
≈ $707 / month
Climate
Feb -1° · Jul 21°
normal daily high · ST JOHN'S A station · 1981–2010
Amenity constellation
compass view · OpenStreetMap · ODEF schools
Nearby & drive routes
43 places shown · 3 routes · OpenStreetMap · OSRM
- 11 min to downtown St. John's8.9 km
- 7 min to Memorial University5.4 km
- 8 min to Avalon Mall7 km
Schools 2
Health 5
Groceries 9
Cafés 6
Parks 7
Bus stops 14
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.
Winter warmer
Jan–Mar · estimate
$998/mo
Est. winter heating (electricity) — about $2,993 for January through March.
Estimate — not an appraisal. electricity at 15.587¢/kWh (Newfoundland Power, eff. Jul 1 2026, pre-HST). 4,600 sqft. Severity 1.00× St. John's from the ST JOHN'S A station 1981–2010 normal. Jan–Mar only; excludes HST, hot water, cooking and any cooling.
5-year cost of ownership
20% down · 25-yr
5-year all-in: $281,319
Closing costs + five years of running costs + 60 mortgage payments on a $750,000 home.
If rates rise 2 points
$42,851 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$3,098
- Legal feesest.estimate — your lawyer quotes the exact figure$1,500
- Down payment (20%)$150,000
Every year
- Heatingest.2× the Jan–Mar estimate (heating season ≈ 6 months)$5,986
- Property taxfrom the feed$8,483
- Home insuranceest.estimate — NL range $700–$1,500/yr$1,100
× 5 years = $77,845
By down payment
| Down | Payment | 5-yr all-in | Note |
|---|---|---|---|
| 5% | $3,936 | $318,608 | needs mortgage insurance (not modelled) |
| 10% | $3,729 | $306,178 | needs mortgage insurance (not modelled) |
| 20% | $3,315 | $281,319 | no mortgage insurance |
Estimates — not a quote or an appraisal. Mortgage at 4.44% (best market 5-yr fixed, Ratehub.ca, 2026-11-04), 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 rate2026-11-04 · 4.44%$3,315/mo
- Today, posted2026-10-28 · 6.19%$3,936/mo
- 5 years ago2021-11-03 · 4.79%$3,435/mo
- 10 years ago2016-11-02 · 4.64%$3,383/mo
At 6.19% — five years ago — the same mortgage would have cost $621 more each month than at today's posted rate.
Principal & interest only: $600,000 (80% of the $750,000 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.
Price ghosts
$/sqft vs 326 active
Priced at the 30th percentile of active St. John's homes
$163/sqft — city median $191/sqft.
Errand score
walk-time weighted
70
grocery 70 m, school 240 m
Nearest errand: Corner Store (grocery) — 70 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 · 5 questions
- School within 1 km?Yes · 240 mEarly Achievers Montessori School + Educational Centre
- Grocery nearby?Yes · 70 mCorner Store
- Bus stop?Yes · 150 mHebron Way - #20
- In the 100-year floodplain?No — outside itCity of St. John's flood map
- Zoning?CR — Commercial Regional27.98 ha parcel
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
$3,726/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
$707/mo
Principal & interest $0 + property tax $707 per month
Financing breakdown
Rental math
Investment calculator
Monthly cash flow
$-937
NOI / month
$-937
Cap rate
-1.50%
Gross yield
0.00%
| Line item | Monthly | Yearly |
|---|---|---|
| Gross rent | $0 | $0 |
| Mortgage | $0 | $0 |
| Property tax | $707 | $8,483 |
| Expenses | $231 | $2,772 |
| Vacancy | $0 | $0 |
| Management | $0 | $0 |
| Cash flow | $-937 | $-11,244 |
| NOI | $-937 | $-11,244 |
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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