202 Water Street
St. John's, NL, A1C1A9
$699,000
About the property (MLS: 1287070):
Prime Investment Opportunity on Iconic Water Street – Downtown St. John’s Opportunity knocks in one of the most coveted and high-traffic locations in the heart of Downtown St. John’s! Welcome to 202 Water Street—a fully rented, mixed-use property generating $5,600/month in steady rental income. This turnkey investment offers immediate cash flow and long-term value in the city’s bustling commercial core. Strategically positioned on the designated Pedestrian Mall strip, this property enjoys peak foot traffic from June through September, making it an ideal spot for retail and service-based businesses. The historic brick façade and prime storefront visibility add to its enduring appeal and charm. Whether you're looking to grow your real estate portfolio, secure a prime commercial location, or invest in one of St. John’s most vibrant districts, this is a rare opportunity that checks all the boxes. Don’t miss your chance to own a standout property in one of the city’s most dynamic and desirable neighborhoods. (id:56688)
Property Details
Listing ID: 28526049
Address: 202 Water Street, St. John's, Newfoundland & Labrador, Canada A1C1A9
Status: Active
Last updated: 14 days ago ( Jun 26, 2025 )
Property Type: Retail
Structure Type: Retail
Ownership Type: Freehold
Heating: Electric
Tax Annual Amount: $4,770
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Heating: Electric
Common Interest: Freehold
Business Type: Food Services and Beverage, Other, Retail and Wholesale, Service
Number of photos available: 1
Rurl
Coordinates: [47.564385, -52.707987]
Rooms
Basic Calculator
First Mortgage: $559,200
Mortgage insurance premium: $0
Total Financing: $559,200
Rough closing fee (1.5%): ~ $10,485
Total downpayment with estimated closing fee: $150,285
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $0 | $0 |
| Gross rental income (income/principal ratio) | 0.000% | 0.000% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $0 | $0 |
| Vacancy | $0 | $0 |
| Management Fee | $0 | $0 |
| Expense / Income Ratio | NaN% | NaN% |
| Cash Flow | $0 | $0 |
| Net Operating Income (NOI) | $0 | $0 |
| Capitalization Rate | 0.00% | 0.00% |
