For sale · MLS® 1305174
322 Memorial Drive
Clarenville, NL, A5A1P3
List price
$199,999
About this propertyMLS® 1305174
Is your business growing and in need of more space? This exceptional commercial or residential property offers endless possibilities in one of Clarenville’s busiest areas. Located on Memorial Drive and surrounded by other thriving businesses, this property provides excellent visibility and exposure for maximum customer reach. The building features an attractive storefront with a welcoming front reception area, two bathrooms, multiple private office spaces, and a large open business area that can be customized to suit a variety of layouts. Outside, the property offers a spacious paved parking lot with designated wheelchair parking and accessible entry, along with beautifully landscaped and well-maintained grounds. This versatile space is ideal for a range of uses, including accounting or professional offices, salon or spa services, retail or boutique operations, or medical and wellness practices. With its prime location, modern amenities, and exceptional curb appeal, this property presents a rare opportunity to expand or establish a business in a high-traffic, high-visibility area of Clarenville. (id:56688)
Specifications
Property details
Overview
The home
Systems & utilities
Size & land
Taxes
Parking & outdoor
Features
Fees & source
Room by room
Rooms
The neighbourhood
Clarenville at a glance
Live market stats for Clarenville — what's for sale, what it costs, how it compares to nearby towns, and how walkable this address is.
Homes for sale here
57
Median list price
$243k
Price range
$29k – $1000k
Typical build
1992
Average size
2,254 sqft
Where Clarenville listings are priced
Every active list price in Clarenville, grouped into bands.
List price, thousands of $ · 52 homes
View as table
| Price band ($) | Listings |
|---|---|
| <200 | 23 |
| 200–300 | 9 |
| 300–400 | 11 |
| 400–500 | 5 |
| 750–1M | 4 |
How Clarenville compares
Median list price against the next biggest markets — click a row for that area guide.
Neighbourhood scores
Walk, bike, and transit for this exact address.
The essentials
Location, air, flood & taxes
Elevation
15 m
0300 mmetres above sea level
Air quality now
1–3 band
110+AQHI 2 · Low risk · St. John's · updated 2:00 p.m.
Flood & zoning are mapped for St. John's only
Property tax
$4,321 / year
≈ $360 / month
Amenity constellation
compass view · OpenStreetMap · ODEF schools
Nearby & drive routes
20 places shown · OpenStreetMap · OSRM
Schools 5
Groceries 6
Cafés 3
Parks 6
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: $85,786
Closing costs + five years of running costs + 60 mortgage payments on a $199,999 home.
If rates rise 2 points
$11,427 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$898
- Legal feesest.estimate — your lawyer quotes the exact figure$1,500
- Down payment (20%)$40,000
Every year
- Heatingest.2× the Jan–Mar estimate (heating season ≈ 6 months)$650
- Property taxfrom the feed$4,321
- Home insuranceest.estimate — NL range $700–$1,500/yr$1,100
× 5 years = $30,355
By down payment
| Down | Payment | 5-yr all-in | Note |
|---|---|---|---|
| 5% | $1,050 | $95,730 | needs mortgage insurance (not modelled) |
| 10% | $994 | $92,415 | needs mortgage insurance (not modelled) |
| 20% | $884 | $85,786 | no mortgage insurance |
Estimates — not a quote or an appraisal. Mortgage at 4.44% (best market 5-yr fixed, Ratehub.ca, 2026-11-05), 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 rate2026-11-05 · 4.44%$884/mo
- Today, posted2026-11-04 · 6.19%$1,050/mo
- 5 years ago2021-11-03 · 4.79%$916/mo
- 10 years ago2016-11-02 · 4.64%$902/mo
At 6.19% — five years ago — the same mortgage would have cost $166 more each month than at today's posted rate.
Principal & interest only: $159,999 (80% of the $199,999 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 2026-11-04. 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
48
grocery 70 m, school 210 m
Nearest errand: Needs Convenience (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 · 3 questions
- School within 1 km?Yes · 210 mRandom Sound Paramedicine (Clarenville)
- Grocery nearby?Yes · 70 mNeeds Convenience
- 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
$1,165/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
$361/mo
Principal & interest $0 + property tax $361 per month
Financing breakdown
Rental math
Investment calculator
Monthly cash flow
$-360
NOI / month
$-360
Cap rate
-2.16%
Gross yield
0.00%
| Line item | Monthly | Yearly |
|---|---|---|
| Gross rent | $0 | $0 |
| Mortgage | $0 | $0 |
| Property tax | $361 | $4,321 |
| Expenses | $0 | $0 |
| Vacancy | $0 | $0 |
| Management | $0 | $0 |
| Cash flow | $-360 | $-4,320 |
| NOI | $-360 | $-4,320 |
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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