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302-304 Water Street
302-304 Water Street
St. John's, Newfoundland & Labrador
$770,000
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Quick Summary
Location
St. John's, Newfoundland & Labrador
Price
$770,000
Building Type
Commercial Mix
Property Type
Retail
Status
For sale
Area
2923 sqft
Beds
n/a
Baths
n/a
Age
n/a
Postal Code
A1C 1B8
MLS®
1281888
Courtesy Of
RE/MAX Realty Specialists
Database ID:51258 DDF Feed ID: 27946271 Latitude: 47.561886 Longitude: -52.710048
Property Description
Step into a piece of St. John’s history with 302-304 Water Street, a prime mixed-use property nestled in the city’s bustling downtown core, backing onto Mahon’s Lane with direct access to George Street. This lively spot, known for its music, pubs, and energy, makes this property a golden opportunity for those with an eye for investment. With surrounding properties fetching well over a million, this one offers exceptional value with a steady stream of income and endless potential for growth. The building features two fully rented commercial units, one home to a bustling restaurant and the other a retail shop, bringing in $5,000 per month POU. Above, two one-bedroom residential apartments await their final touches, offering the chance for a keen investor to complete the work and easily bring in an additional $1,500 and $1,200 per month, making the total income potential a remarkable $7,700 per month. Each unit is equipped with its own electrical meter, ensuring seamless management, and the exterior façade has been rebuilt within the last decade, preserving the charm and strength of this classic downtown structure. With its prime location at the doorstep of George Street, where visitors and locals alike gather to soak in the spirit of the city, these apartments would shine as profitable Airbnbs or long-term rentals. Whether you’re looking to capitalize on St. John’s ever-growing rental demand, secure a valuable commercial holding, or restore and enhance a property rich in history, this is a rare chance to claim your stake in one of the most sought-after locations in the province. Opportunities like this don’t come knocking twice—book your viewing today and see the potential for yourself! (id:47053)
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Building Information
Building Type: Commercial Mix
Area: 2923 sqft
Electric Heat
2 stories
Full Details
General
MLS® Number:
1281888
Ownership Type:
Freehold
Price:
$770,000
Property Type:
Retail
Transaction Type:
For Sale
Zoning Description:
CDM
More Information Link:
https://www.realtor.ca/real-estate/27946271/302-304-water-street-st-johns
Land
Access Type:
Year-round access
Amenities:
Shopping
Building
Building Amenities:
Living Accommodation
Heating Fuel:
Electric
Stories Total:
2
Size Interior:
2923 sqft
Type:
Commercial Mix
Listing information last updated on 2025-02-24 15:53:11 -0330
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