168 Water Street
St. John's, NL, A1C1A7
$460,000
About the property (MLS: 1290933):
Prime Downtown Investment Opportunity! Welcome to 168 Water Street, a landmark property in the vibrant core of historic St. John’s. This three-unit brick building combines timeless character with exceptional investment appeal. Featuring two self-contained 710 sq. ft. apartments (POU) and a 1,029 sq. ft. commercial storefront leased to Darth Vapor, it offers a strong tenant mix and dependable income. Situated directly on Water Street, the city’s most iconic commercial corridor, this property benefits from its prime downtown location near major banks, financial institutions, office towers, courts, and legal centres. It’s also surrounded by top restaurants, tour boat facilities ??, boutique shops, hotels, and entertainment venues, ensuring steady foot traffic and year-round activity. With annual income exceeding $57,000, low operating expenses, and a cap rate firmly in the double digits, 168 Water Street presents an outstanding opportunity to anchor your portfolio in one of St. John’s most sought-after districts. (id:56688)
Property Details
Listing ID: 28917594
Address: 168 Water Street, St. John's, Newfoundland & Labrador, Canada A1C1A7
Status: Active
Last updated: a month ago ( Dec 16, 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: [47.565216, -52.706176]
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% |
