26 Water Street
St. John's, NL, A1C0A7
$1,499,900
About the property (MLS: 1285847):
Outstanding opportunity here to own an exclusive 11,000 sqft building, previously used as a fabrication shop. This unique property is perfectly situated on historic Water Street, offering an ideal location for your business. Enjoy easy access to downtown and major roads, with stunning views of the narrows from 26 Water Street. (id:56688)
Property Details
MLS: 1285847
Listing ID: 28402542
Address: 26 Water Street, St. John's, Newfoundland & Labrador, Canada A1C0A7
Status: Active
Last updated: 9 days ago ( Jun 3, 2025 )
Property Type: Industrial
Structure Type: Manufacturing
Ownership Type: Freehold
Heating: Other
Flooring: Other, Concrete Slab
Living Area Total: 11,000 square feet
Price per sq ft: $137
Tax Annual Amount: $28,000
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Heating: Other
Flooring: Other, Concrete Slab
Common Interest: Freehold
Business Type: Industrial, Manufacturing
Number of photos available: 12
Rurl
Coordinates: [47.569903, -52.700067]
Listing ID: 28402542
Address: 26 Water Street, St. John's, Newfoundland & Labrador, Canada A1C0A7
Status: Active
Last updated: 9 days ago ( Jun 3, 2025 )
Property Type: Industrial
Structure Type: Manufacturing
Ownership Type: Freehold
Heating: Other
Flooring: Other, Concrete Slab
Living Area Total: 11,000 square feet
Price per sq ft: $137
Tax Annual Amount: $28,000
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Heating: Other
Flooring: Other, Concrete Slab
Common Interest: Freehold
Business Type: Industrial, Manufacturing
Number of photos available: 12
Rurl
Coordinates: [47.569903, -52.700067]
Rooms
Basic Calculator
First Mortgage: $1,199,920
Mortgage insurance premium: $0
Total Financing: $1,199,920
Rough closing fee (1.5%): ~ $22,499
Total downpayment with estimated closing fee: $322,479
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $12,101 | $145,212 |
| Gross rental income (income/principal ratio) | 0.807% | 9.681% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $1,875 | $22,500 |
| Vacancy | $606 | $7,261 |
| Management Fee | $969 | $11,617 |
| Expense / Income Ratio | 15.49% | 15.49% |
| Cash Flow | $8,653 | $103,836 |
| Net Operating Income (NOI) | $8,653 | $103,836 |
| Capitalization Rate | 0.58% | 6.92% |
Capitalization Rate: 6.92%
After-repair value (ARV) (This is a rule for purchasing and flipping distressed real estate for a profit, which states that the purchase price should be less than 70% of after-repair value (ARV) minus repair costs (rehab).): $2,142,715
