136 Crosbie Road photo 11 / 33

MLS #1294964

136 Crosbie Road

St John's

$5,400,000

60,000 sqft
Office
Source Listing

Property Details

THE VIKING Building.. Positioned in one of St. John’s most established commercial corridors, 136 Crosbie Road presents a rare opportunity to acquire a prominent multi-storey office building in a strategic and highly accessible location. Commonly known as The Viking Building, this four-storey steel-frame and concrete structure has long been recognized as a cornerstone property within the east end business district. Constructed during a significant period of commercial expansion in St. John’s, the building reflects the city’s growth into a modern service and professional hub. Its classic brick façade and strong institutional presence offer both character and durability, while its location provides seamless access to downtown, major arterial routes, and surrounding commercial amenities. Crosbie Road continues to be a sought-after business address due to its central positioning and steady traffic flow. Comprising approximately 60,000 square feet of space over four floors and situated on roughly 2.62 acres, the property offers flexibility for a wide range of uses under Commercial Mix zoning. The expansive floor plates can accommodate single or multiple tenants, making the building equally attractive to investors seeking rental income potential or owner-occupiers looking for a long-term headquarters location. The solid steel and concrete construction provides structural integrity and longevity, while modern systems and on-site paved parking enhance functionality for tenants and clients alike. With strong visibility, excellent accessibility, and scale rarely available in this market segment, 136 Crosbie Road represents a compelling opportunity in the St. John’s commercial real estate market. Whether for portfolio expansion, institutional use, professional offices, or future repositioning, this landmark property offers presence, versatility, and long-term potential in a proven business district. (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$5,400,000
Down Payment - 20%$1,080,000
Interest Rate5.25%

Amortization

Estimated Monthly Cost

$30,213

Mortgage Payment
$25,888
Property Tax
$3,825
Insurance
$150
Utilities
$350
Down Payment
$1,080,000
Loan Amount
$4,320,000
Total Interest
$3,446,250

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

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