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107 Lincoln Road
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Beds
0
Baths
—
Sqft
4,419
Year
1960
Type
Other
On market
28d
FOR SALE – Multi-Use Commercial Building with Income Potential. This well-maintained property is centrally located in a high-traffic area, just minutes from the hospital and other town amenities. The lot offers ample parking for both clients and staff, making it ideal for a variety of business operations. The main floor, formerly home to a successful salon for the past 16 years, is move-in ready for a similar business but also offers endless potential for redevelopment—such as converting the space into apartment units (subject to town approval). The basement level is divided into six heated storage units, rented on a monthly basis—providing steady supplementary income. A convenient overhead door allows easy loading and access for tenants. Upstairs, the second floor features modern living accommodations approximately 1,200 sq. ft. including: Foyer and laundry/utility area; spacious living room; eat-in kitchen with oak cabinets and quality appliances; two bedrooms, including a large primary suite with walk-in closet and custom 3-piece ensuite; full bathroom; generous storage space throughout; access to a front deck off kitchen; crown moldings; laminate flooring added in recent years. Each level has separate electrical meters. The building has been well cared for with numerous upgrades, making it an outstanding investment opportunity for entrepreneurs, investors, or owner-operators seeking to live and work under one roof. Don’t miss this chance to own this property with proven income potential in the heart of Grand Falls-Windsor! (id:65958)
10-item due-diligence checklist. We can pre-flight most of these for you on a CMA call.
Comparable sales
Ask for 3–5 recent solds within ~1 km and the same beds/baths so the list price has context.
Property condition
Roof age, furnace age, hot-water tank age, electrical panel size, windows. Cosmetic vs structural.
Zoning
Confirm zoning matches your intent (single-family vs duplex vs secondary suite vs commercial).
Suite legality / potential
If suited or being marketed as suited: confirm permits, separate entrance, ceiling height, egress windows.
Monthly carrying cost
Mortgage + property tax + insurance + condo fee (if any) + utilities. Compare to your max budget.
Property taxes
Confirm the annual tax amount on the current assessment — and whether a reassessment is pending.
Insurance estimate
Get a same-day quote. Older homes, knob-and-tube wiring, polybutylene plumbing, flood plains all change the number.
Commute
Drive it (or transit it) at the actual time of day you'd commute. Map ETA lies during peak hours.
Deposit and financing conditions
Deposit size, financing condition window, condition removal date, possession date — all negotiable.
Inspection considerations
Budget for a home inspector ($500–700) and any specialty inspections (sewer scope, mould, asbestos for pre-1990 builds).
Cash on cash
-6.91%
Cap rate
3.48%
GRM
16.6
Break-even rent
$3,353
Financing
Operating expenses (monthly)
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Approximation only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Rough ballpark only. Pick a down-payment option, then tap any underlined number below to plug in your real numbers — tax, condo fee, insurance, utilities. Total updates live. Confirm with a mortgage broker before writing an offer.
Cost lines (tax, condo, insurance, utilities) are editable inline above. These two control the mortgage payment math.
Approximation only. CMHC default insurance is included when down payment is under 20%. Property tax and condo fees come from MLS when listed and may not reflect the current billing year. Suite rental income depends on permits, market rent, and vacancy — confirm with a property manager. Always validate your scenario with a mortgage broker and your insurance provider before writing an offer.
We'll reply by text within a few hours. Comparable sales, condition flags, things worth checking — sent before you book a showing.
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated May 12, 2026.
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Grand Falls-Windsor. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.