168 Water Street
St. John's, NL, A1C1A9
$460,000
About the property (MLS: 1287113):
Iconic Downtown Investment Opportunity! Located in the vibrant heart of downtown St. John’s, 168 Water Street presents a rare and versatile opportunity to own a piece of the city’s historic streetscape. This charming three-unit brick building offers a perfect blend of old-world character and modern adaptability, making it an exceptional investment or a unique space to reflect your brand's identity. Whether you're seeking to establish boutique offices, a creative workshop, or refined private space, this property delivers unmatched flexibility and presence. Surrounded by top-tier dining, retail, and cultural destinations, it’s the ideal location for businesses or investors seeking a strategic foothold in St. John’s' most prestigious commercial corridor. This is more than just real estate – it’s a chance to become part of the storied fabric of Water Street, where history, innovation, and opportunity converge. (id:56688)
Property Details
Listing ID: 28531382
Address: 168 Water Street, St. John's, Newfoundland & Labrador, Canada A1C1A9
Status: Active
Last updated: 14 days ago ( Jun 27, 2025 )
Year Built: 1920
Property Type: Business
Structure Type: Other
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
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Heating: Electric
Common Interest: Freehold
Business Type: Other, Service
Number of photos available: 1
Rurl
Coordinates: [47.565745, -52.706357]
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% |
