27 Caribou Road photo 11 / 13

MLS #1296863

27 Caribou Road

Corner Brook

$424,900

4,004 sqft
Office
Source Listing

Property Details

This exceptional commercial and residential building offers an ideal opportunity for investors or owner-operators seeking a centrally located, income-producing property. Situated in a prime area with excellent visibility and accessibility, the building has undergone significant upgrades, including new electrical, plumbing, and flooring throughout. The entire commercial space on the main level has been fully renovated, providing a modern, turnkey environment perfect for a variety of business uses. The upper level features residential accommodation. A large rear parking lot provides ample parking space for tenants, customers, or guests. With its blend of updated infrastructure, modern finishes, and strong income potential, this property represents a rare opportunity to own an upgraded, centrally located investment in a thriving area. (id:66441)

Cost To Own

Down payment and monthly ownership estimate

Start with the listing price, then adjust the financing and monthly carrying costs for a practical estimate.

Purchase Price$424,900
Down Payment - 5%$21,245
Interest Rate5.25%

Amortization

Estimated Monthly Cost

$3,220

Mortgage Payment
$2,419
Property Tax
$301
Insurance
$150
Utilities
$350
Down Payment
$21,245
Loan Amount
$403,655
Total Interest
$322,013

Estimate only. Final payments depend on lender approval, taxes, insurance, closing costs, and mortgage insurance when applicable.

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Brokerage
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