













1/1529 Wellington Street, Corner Brook, Newfoundland & Labrador A2H5H5
$777,000 total
—
Asset Class
Industrial
Size
—
Building class
A
Zoning
IB — Industrial Business
$ / SF
—
Occupancy
92%
Year Built
1950
Clear height
22 ft
Loading docks
10
HERES YOUR OPPORTUNITY TO ACQUIRE 8400 SQ.FT OF VERSATILE COMMERCIAL/COMMUNITY SPACE IN A WELL ESTABLISHED CORNER BROOK NEIGHBOURHOOD!! BEING LOCATED ADJACENT TO DOUG SWEETAPPLE PITCH, FRED BASHA MEMORIAL FIELD, THE SKATEPARK/DOGPARK, AND DOWNTOWN CORNER BROOK MAKES BUYING HERE MAKE SENSE!! FORMERLY HOME TO SONRISE FAMILY CHURCH, THIS PROPERTY OFFERS SIGNIFICANT POTENTIAL FOR A CHURCH, COMMUNITY ORGANIZATION, GATHERING FACILITY, OR OTHER PERMITTABLE ESTABLISHMENT!! AS YOU ENTER THERE'S A BRIGHT AND SPACIOUS WELCOME AREA WITH RECEPTION DESK, THREE GOOD SIZE OFFICES, AND THE SANCTURARY AREA WITH SUBSTANTIAL STORAGE AT THE REAR!! DOWNSTAIRS YOU'LL FIND SEVERAL PUBLIC WASHROOMS (AND PLUMBING ABLE TO ADD MORE), SEVERAL CLASSROOMS/MEETINGROOMS TO FIT A VARIETY OF USES!! THIS PROPERTY COMES WITH A 600 AMP, 3 PHASE ELECTRICAL SERVICE, NEWER ASPHALT ROOF (FALL OF 2023) AND A LARGE PAVED PARKING THAT CAN ACCOMODATE 30 PLUS VEHICLES!! TONS OF POTENTIAL HERE!! (id:66811)
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$4K
Projected NOI
$38K
Annual cash flow
$-5K
Cash-on-cash
-2.00%
DSCR
0.89
Going-in cap
4.94%
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
69,077
Households
27,552
Median income
$115,000
Median age
32.8
Daytime population
75,294
5-yr growth
2%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 29 Wellington 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.