302-304 Water Street
St. John's, NL, A1C1B8
$770,000
About the property (MLS: 1291081):
Prime Mixed-Use Investment in the Heart of Downtown St. John’s. Discover 302-304 Water Street, a rare opportunity to own a versatile and income-generating property in one of the city’s most iconic and high-traffic areas. This property features two commercial units on the main level, currently occupied by Hollow Noggin Vape Shop and a restaurant, along with two residential apartments on the upper floors, offering a strong tenant mix and consistent returns. Generating an annual income of approximately $83,000, it provides both stability and long-term growth potential. With rear access to Mahon’s Lane and a direct connection to George Street, the property benefits from exceptional visibility and foot traffic year-round. Surrounded by established businesses and high-value buildings, 302-304 Water Street is an ideal investment for those looking to expand their portfolio or secure a landmark asset in one of St. John’s most desirable downtown locations. (id:56688)
Property Details
Listing ID: 28955794
Address: 302-304 Water Street, St. John's, Newfoundland & Labrador, Canada A1C1B8
Status: Active
Last updated: a month ago ( Oct 6, 2025 )
Property Type: Business
Structure Type: Other
Ownership Type: Freehold
Heating: Electric
Tax Annual Amount: $5,830
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: [47.562014, -52.709954]
Rooms
Basic Calculator
First Mortgage: $616,000
Mortgage insurance premium: $0
Total Financing: $616,000
Rough closing fee (1.5%): ~ $11,550
Total downpayment with estimated closing fee: $165,550
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% |
