168 Water Street
St. John's, NL, A1C1A9
$460,000
About the property (MLS: 1282032):
Located in the heart of downtown St. John’s, this 3-unit property 168 Water Street offers a rare opportunity to establish a distinctive presence on one of the city's most iconic and high-visibility streets. This three-storey brick building seamlessly blends historic charm with modern adaptability, making it ideal for those looking to create a unique office, workshop, or private space that reflects their brand and vision. The 1,200 sq. ft. main-floor retail space and the apartments on the second and third floors (each 710 sq. ft.) are all leased, providing steady income for any prospective purchaser. The 710 sq. ft. undeveloped basement adds further flexibility for storage, additional workspace, or creative expansion. With Commercial Central Retail (CCR) zoning, this property allows for a wide range of uses, from boutique offices and private studios to refined living spaces, all in a location that exudes character, prestige, and accessibility. Positioned in the heart of a thriving commercial district, surrounded by shops, dining, and cultural landmarks, this is a rare chance to establish a lasting presence in downtown St. John’s, where history meets innovation and individuality thrives. (id:56688)
Property Details
Listing ID: 27955311
Address: 168 Water Street, St. John's, Newfoundland & Labrador, Canada A1C1A9
Status: Active
Last updated: 16 days ago ( Feb 28, 2025 )
Year Built: 1920
Property Type: Retail
Structure Type: Commercial Mix
Ownership Type: Freehold
Number of stories: 3
Number of Levels: 3
Heating: Electric
Living Area Total: 2,629 square feet
Price per sq ft: $175
Tax Annual Amount: $4,044
Tax Year: 2025
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Heating: Electric
Common Interest: Freehold
Business Type: Other, Retail and Wholesale, Residential
Number of photos available: 3
Rurl
Coordinates: [47.565147, -52.706231]
Rooms
Basic Calculator
First Mortgage: $368,000
Mortgage insurance premium: $0
Total Financing: $368,000
Rough closing fee (1.5%): ~ $6,900
Total downpayment with estimated closing fee: $98,900
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,892 | $34,704 |
| Gross rental income (income/principal ratio) | 0.629% | 7.544% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $575 | $6,900 |
| Vacancy | $145 | $1,736 |
| Management Fee | $232 | $2,777 |
| Expense / Income Ratio | 19.88% | 19.88% |
| Cash Flow | $1,942 | $23,304 |
| Net Operating Income (NOI) | $1,942 | $23,304 |
| Capitalization Rate | 0.42% | 5.07% |
