For sale · MLS® 1285222
16 A/B and 18 Currie Avenue
Port aux Basques, NL, A0M1C0
List price
$1,300,000
About this propertyMLS® 1285222
Now offering this one-of-a-kind investment opportunity in downtown Port aux Basques. The well-established Shark Cove Suites and Rentals is a turn-key opportunity waiting for new owners. This package includes two apartment buildings, a warehouse-style building with 2 residential units, and a serviced RV park area. The first building, 16 A Currie Avenue, has six two- bedroom units and two one-bedroom units. The second building, 16B Currie Avenue, has six three-bedroom units. The third building, 18 Currie Avenue, has two residential units, for a total of sixteen units in all. Twelve of the sixteen units come fully furnished. All units have their own laundry facility. These units can be utilized as long-term, weekly, or daily rentals, or a combination of the three. 18 Currie Avenue, the former Follows Wholesale building and later the Shark Cove Restaurant and Lounge, has two residential units upstairs and loads of space on the main floor to develop into additional business ventures or simply use as storage. Also included is a recently developed RV park with 18 serviced units for those travelers awaiting a ferry crossing or a long cross-island trek. This addition to the business is showing steady growth in peak tourist season. This well-established business is a turn-key opportunity with growth potential. If you are in the market to broaden your investment portfolio or be your own boss, contact today to find out more. (id:56688)
Specifications
Property details
Room by room
Rooms
The neighbourhood
Port aux Basques at a glance
Live market stats for Port aux Basques — what's for sale, what it costs, and how it compares to nearby towns.
Homes for sale here
10
Median list price
$205k
Price range
$16k – $3.5M
Typical build
1972
Average size
7,199 sqft
Where Port aux Basques listings are priced
Every active list price in Port aux Basques, grouped into bands.
List price, thousands of $ · 10 homes
View as table
| Price band ($) | Listings |
|---|---|
| <200 | 5 |
| 200–300 | 1 |
| 300–400 | 2 |
| 1M+ | 2 |
How Port aux Basques compares
Median list price against the next biggest markets — click a row for that area guide.
Port aux Basquesnearby markets
The essentials
Location, air, flood & taxes
Elevation
10 m above sea level
Property tax
$12,000 / year
≈ $1,000 / month
Nearby & drive routes
4 places shown · OpenStreetMap · OSRM
Schools 1
Groceries 1
Parks 2
Plan ahead
Calculators & neighbourhood
Estimate payments and returns, and check how walkable this address is — all in one place.
Plan ahead
Mortgage & investment calculator
Estimated monthly payment
$1,000/mo
Principal & interest $0 + property tax $1,000 per month
Financing breakdown
Rental math
Investment calculator
Monthly cash flow
$-1,000
NOI / month
$-1,000
Cap rate
-0.92%
Gross yield
0.00%
| Line item | Monthly | Yearly |
|---|---|---|
| Gross rent | $0 | $0 |
| Mortgage | $0 | $0 |
| Property tax | $1,000 | $12,000 |
| Expenses | $0 | $0 |
| Vacancy | $0 | $0 |
| Management | $0 | $0 |
| Cash flow | $-1,000 | $-12,000 |
| NOI | $-1,000 | $-12,000 |
Flip rule of thumb: buy at ≤ 70% of ARV minus repair costs.
Get in touch
Have a question?
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Buying, selling, or just curious about what your home is worth — no call centres, no runaround.
- Call or text416-873-4676
- Emailharis@barki.co
- Office17 Duffy Place, Suite 200, St. John's
Keller Williams Platinum Realty
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