For sale · MLS® 1294279
77-79 Commonwealth Avenue
Mount Pearl, NL, A1N1W7
14,780 sqftBuilt 1985
List price
$3,750,000
About this propertyMLS® 1294279
Excellent opportunity to own a prime commercial property in the heart of Mt. Pearl. The building is anchored by a national retail drug store. The owners operate a medical practice on the second floor and lease an additional unit to a physiotherapy clinic. Over 230 feet of frontage on Commonwealth Avenue and a large parking lot that can accommodate 60+ vehicles. (id:56688)
Property details
MLS®1294279
Listing ID29322373
Address77-79 Commonwealth Avenue, Mount Pearl, Newfoundland & Labrador, Canada A1N1W7
StatusActive
Last updateda month ago ( Sep 15, 2026 )
Year Built1985
Property TypeOffice
Structure TypeRetail
Number of stories2
HeatingHeat Pump
Living Area Total14,780 square feet
Price per sq ft: $254Tax Annual Amount$29,274
Tax Year2026
RoofTar & gravel, Unknown
HeatingHeat Pump
Common InterestFreehold
Business TypeOther, Retail and Wholesale, Service
Building FeaturesAir Conditioning
Number of photos available14
RurlCoordinates: [47.515142, -52.80372]
Rooms
Basic Calculator
First Mortgage: $3,000,000
Mortgage insurance premium: $0
Total Financing: $3,000,000
Rough closing fee (1.5%): ~ $56,250
Total downpayment with estimated closing fee: $806,250
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $0 | $0 |
| Gross rental income (income/principal ratio) | 0.000% | 0.000% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $4,688 | $56,256 |
| Vacancy | $0 | $0 |
| Management Fee | $0 | $0 |
| Expense / Income Ratio | Infinity% | Infinity% |
| Cash Flow | $-4,688 | $-56,256 |
| Net Operating Income (NOI) | $-4,688 | $-56,256 |
| Capitalization Rate | -0.13% | -1.50% |
Capitalization Rate: -1.50%
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).): $5,357,143
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