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Investment signal

$300,000

546 Salmonier Line

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Beds

—

Baths

—

Sqft

—

Year

2000

Type

Retail

Suite

Investment signal

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Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Holyrood. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

Prime location just 40 minutes from St. John's along the popular Irish Loop. This unique and versatile property offers excellent potential for a live/work setup, ideal for an entrepreneur or investor. Being sold AS IS. The current layout supports a restaurant, pub, and short-term rental configuration, offering a strong starting point for a variety of business ventures. The property also presents opportunities for redevelopment or repurposing, including additional short-term rental units or commercial uses such as retail, café, or service-based business (subject to any required approvals). Located in a well-travelled tourist area with access to whale watching, bird sanctuaries, nature parks, golf, hiking trails, fishing, hunting, boating, and winter activities. Suitable for owner-operators or as an investment property with leasing potential. Minimal building restrictions offer flexibility for future use. HST is applicable to the purchase price. (id:65958)

Subtype: Retail
Structure: Commercial Mix
Common interest: Freehold
Living area: 2,000 square feet
Lot dimensions: 1.26 acres
On market: Apr 23, 2026
Status changed: Apr 23, 2026
Annual tax: $0
Zoning: Mixed
Photos: 35
MLS#: 1296500
Area: HOLYROOD

Features and systems

Heating

Electric

Flooring

LaminateOther

Positive cash flow ~$471/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

9.43%

Cap rate

6.75%

GRM

10.4

Break-even rent

$1,904

Financing

Down payment$60,000

Loan amount$240,000

Mortgage$1,216/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$138

Insurance$80

Maintenance$250

CapEx reserve$125

Vacancy loss$120

Estimates 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.

Mortgage estimate

Estimated $1,216/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 23, 2026.