


1/461 Elizabeth Drive, Gander, Newfoundland & Labrador A1V1G7
$1.3M total
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Asset Class
Office
Size
—
Building class
A
Zoning
DC1 — Direct Control
$ / SF
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Occupancy
93%
Positioned in a high-visibility, high-traffic area of Gander, 61 Elizabeth Drive offers a prime opportunity to secure a substantial commercial investment in one of the town’s most established business corridors. If you’re searching for a property that delivers on location, scale, and long-term value, this impressive building checks all the boxes. Offering over 14,000 sq. ft. of fully refurbished office space, the property features approximately 7,127 sq. ft. on the main level and 7,242 sq. ft. on the second floor, making it ideal for a wide range of professional, administrative, or commercial uses. Extensively upgraded over the past 15 years, this building provides peace of mind with key improvements already in place. It is equipped with an 800-amp electrical service, baseboard heating, and roof-mounted HVAC units, ensuring functionality and efficiency for tenants or owners alike. Constructed in 1978 on a solid concrete slab, the building boasts a durable brand new 2 ply torched-on membrane roof, installed September 2026 and a low-maintenance exterior finished in brick and metal siding, combining longevity with strong curb appeal. Adding even more value, both parking lots have been resurfaced within the past 15 years, offering ample on-site parking-a key feature for any thriving business location. This is a rare opportunity to own a well-maintained, strategically located commercial property in the heart of Gander-perfect for investors seeking a reliable income generating asset or businesses looking to establish themselves in a prominent location. (id:66811)
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Monthly debt service
$6K
Projected NOI
$68K
Annual cash flow
$-831
Cash-on-cash
-0.22%
DSCR
0.99
Going-in cap
5.47%
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
133,071
Households
46,204
Median income
$101,000
Median age
34.6
Daytime population
115,411
5-yr growth
4.3%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 61 Elizabeth Drive, Gander.
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.