
















1/1871 Park Street, Corner Brook, Newfoundland & Labrador A2H2X1
$599,000 total
—
Asset Class
Office
Size
—
Building class
A
Zoning
CO — Commercial Office
$ / SF
—
Occupancy
95%
Year Built
1923
A unique opportunity to own a versatile, extensively renovated property with both commercial and residential space. Ideally located on a main city route, this well-maintained building offers excellent visibility, dedicated rear parking, and a flexible layout suited to a wide range of professional and service-based uses. The main floor includes a welcoming waiting and reception area, multiple client rooms, a lab or production space, a private office, storage, and a washroom. It is well suited for medical, dental, therapeutic, professional, or other service-related purposes, with a practical layout that can be adapted to meet diverse needs. Two spacious, self-contained apartments add further value by providing rental income. The building has undergone two major renovations. In 1990, the main floor was remodelled, with updates to plumbing, electrical, flooring, and more. In 2015, both apartments dramatically changed with a new gable end and updates to plumbing, electrical, flooring and appliances. New siding and windows were added to complete the 2015 project. In 2025, an interior heat pump system was installed to provide efficient heating and cooling for the main floor. Combining functional commercial space with income-producing residential units, this property offers flexibility, convenience, and strong potential for its next owner. Call today to arrange your personal tour. (id:66811)
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Monthly debt service
$3K
Projected NOI
$35K
Annual cash flow
$2K
Cash-on-cash
1.15%
DSCR
1.06
Going-in cap
5.89%
Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.
Trade area within 3 miles of the property.
Population
94,317
Households
42,893
Median income
$109,500
Median age
36.2
Daytime population
90,775
5-yr growth
7.7%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 71 Park Street, Corner Brook.
Offering Memorandum
PDF · 4.2 MB
Rent Roll & T-12
XLSX · 820 KB
Environmental Phase I
PDF · 6.7 MB
Site Survey & Plans
PDF · 11.4 MB
Zoning Confirmation Letter
PDF · 310 KB
Preview experience — the electronic NDA is illustrative and is not a binding agreement.