
MLS #1284024 · Stephenville
5 Michigan Drive
- Type
- Industrial
- Agent
- Diane Wheeler
- Brokerage
- RE/MAX Realty Professionals Ltd. - Stephenville
1 / 12Property Details
Visit REALTOR® website for additional informationLocated 10 minutes from Long Harbour and 25 minutes from Come by Chance and Bull Arm. The building features a 16-foot ceiling (12’6” at the rear), steel siding, a steel roof with skylights, and a 12’ x 16’ electric garage door. The 6” reinforced concrete slab has an additional 12” at the door. A 12’ x 40’ mezzanine includes a workshop and an insulated, heated lunchroom below. It has 200 Amp service, lights, plugs, and a 6-camera security system. Eastlink installed. The lot is fenced with a steel gate, graded with Class A, and includes a truck loading dock and a 60x30 concrete pad for parking. Perimeter drainage ditches are in place, with the rear bordering a green belt. A second building (50x130, 22-foot ceilings) has its foundation and steel frame completed, with only 10 trusses left to finish the roof. Perimeter drainage piping is installed. This property also offers seasonal rental income, with winter months fully booked. (id:66441)
Cost To Own
Homes in a hot market often sell over asking. Model your winning bid, then adjust the financing to see the real cash to close and monthly carrying cost — including default insurance when you put down under 20%.
$595,000
Amortization
Estimated Monthly Cost
$4,414
Cash To Close
$34,510
Under 20% down requires CMHC default insurance, added to your loan. Estimate only — final costs depend on lender approval, taxes, insurance, and closing costs.
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