11 East Valley Road photo 11 / 47

MLS #1295068

11 East Valley Road

Corner Brook

$425,000

2,130 sqft
Office
Source Listing

Property Details

Exceptionally well-maintained commercial/residential property located in the heart of Corner Brook. This versatile property is ideal for a professional medical practice, office space, spa, salon, or other service-based business. The main floor commercial unit was taken back to the studs and fully renovated approximately 7 years ago, and features new HVAC, all-new plumbing and upgraded electrical throughout the building, including a 200-amp service, along with modern high-end finishes. The space is wheelchair accessible with a certified ramp and two large exterior doors for convenient access. Inside, the main level includes a renovated bathroom with washer and dryer, two large rooms, and four additional smaller rooms. Each room is equipped with its own plumbing, GFCI outlets, ceramic wall finishes, waterproof laminate flooring, and dimmable lighting, along with independent heating and cooling in every room. The rooms are effectively soundproofed, making them well-suited for a variety of professional uses. On-street parking is available, and a nearby city-owned parking lot provides additional parking options. The upper level features a bright, self-contained 2-bedroom apartment with its own private entrance, original hardwood floors, and its own 100-amp electrical service. The apartment also includes dedicated on-site parking. The basement is dry, currently unused, and also has its own separate entrance, offering great potential for future development, additional workspace, or storage. Additional upgrades include newer siding and windows. With its prime location, extensive modern upgrades, and flexible mixed-use potential, this property presents an excellent opportunity for both business and residential income. (id:66441)

Cost To Own

Down payment and monthly ownership estimate

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Purchase Price$425,000
Down Payment - 5%$21,250
Interest Rate5.25%

Amortization

Estimated Monthly Cost

$3,220

Mortgage Payment
$2,419
Property Tax
$301
Insurance
$150
Utilities
$350
Down Payment
$21,250
Loan Amount
$403,750
Total Interest
$322,089

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

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Brokerage
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