Buying or Selling your House in Western Newfoundland and Labrador

202 Water Street

St. John's, Newfoundland & Labrador

$699,000

Quick Summary

Location
St. John's, Newfoundland & Labrador
Price
$699,000
Building Type
Commercial Mix
Property Type
Retail
Status
For sale
Area
n/a
Beds
n/a
Baths
n/a
Age
n/a
Postal Code
A1C 1A9
MLS®
1281858
Courtesy Of
RE/MAX Realty Specialists
Database ID:51185 DDF Feed ID: 27935177 Latitude: 47.564118 Longitude: -52.707261

Property Description

Opportunity knocks on Water Street, the most sought-after location in Downtown St. John’s! This high-traffic, high-visibility 3-unit property is fully rented, generating $5,600 per month in rental income, and offers a turnkey investment in the city’s thriving commercial district. Situated along the designated Pedestrian Mall strip, this property sees a surge in foot traffic from June to September, making it an ideal spot for retail and service businesses. The main and second floors are occupied by commercial tenants, while the third floor features a residential unit, each with separate electrical meters and 400-amp service. The historic brick façade and prime storefront presence make this an attractive option for long-term value appreciation. With 3,495 sq. ft. of total space, this three-level mixed-use building offers flexibility for various investment strategies. Whether you’re looking to expand your real estate portfolio, capitalize on the downtown rental market, or secure a valuable commercial space in a premium location, 202 Water Street is an unbeatable opportunity. Don’t miss out—schedule a viewing today! (id:47053)

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Building Information

  • Building Type: Commercial Mix
  • Electric Heat
  • 3 stories

Full Details

MLS® Number:1281858
Ownership Type:Freehold
Price:$699,000
Property Type:Retail
Transaction Type:For Sale
Zoning Description:Comm. DT mixed
More Information Link: https://www.realtor.ca/real-estate/27935177/202-water-street-st-johns

Access Type:Year-round access
Amenities:Shopping

Building Amenities:Living Accommodation
Heating Fuel:Electric
Stories Total:3
Type:Commercial Mix
Listing information last updated on 2025-02-20 15:53:10 -0330
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