132 Water Street
St. John's, NL, A1C1A8
3 Beds | 2 Baths
$399,900
About the property (MLS: 1292015):
Situated in the heart of historic downtown St. John’s, 132 Water Street offers a versatile 2 unit property in the highly sought-after Commercial Downtown Mixed (CDM) zone. This multi-level building is currently operating with two established businesses: a hair and nail salon on the ground floor and a bustling tattoo studio occupying the upper two floors. With high foot traffic, excellent visibility, and direct street-level access, this property presents an exceptional opportunity for investors or business owners seeking a prime downtown location. The CDM zoning allows for a mix of commercial and residential uses, providing added flexibility for future development or tenant arrangements. All permits, taxes, HST/GST (if applicable), and related approvals will be the responsibility of the purchaser. Don’t miss this rare chance to own a piece of Water Street – a location synonymous with culture, commerce, and character. No sellers directions, offers reviewed as received. (id:56688)
Property Details
Listing ID: 29036190
Address: 132 Water Street, St. John's, Newfoundland & Labrador, Canada A1C1A8
Status: Active
Last updated: 17 days ago ( Oct 27, 2025 )
Year Built: 1900
Property Type: Single Family
Architectural Style: 3 Level
Structure Type: Two Apartment House
Ownership Type: Freehold
Beds: 3
Baths: 2
1/2 Baths: 2
Heating: Electric
Sewer: Municipal sewage system
Flooring: Mixed Flooring
Living Area Total: 2,340 square feet
Price per sq ft: $171
Tax Annual Amount: $7,555
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Alarm System
Water Source: Municipal water
Heating: Electric
Flooring: Mixed Flooring
Common Interest: Freehold
Number of photos available: 26
Rurl
Coordinates: [47.566411, -52.704719]
Rooms
| Lower level | Other | 16x39 null |
| Second level | Other Living room Kitchen Office | 11x8 null 12x10'9 null 12x6'11 null 9x15 null |
| Third level | Storage Other Other Other Bath (# pieces 1-6) | 6x6 null 9'6x10'7 null 9'7x8'9 null 17x11'6 null 7x11'10 null |
Basic Calculator
First Mortgage: $319,920
Mortgage insurance premium: $0
Total Financing: $319,920
Rough closing fee (1.5%): ~ $5,999
Total downpayment with estimated closing fee: $85,979
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,574 | $30,888 |
| Gross rental income (income/principal ratio) | 0.644% | 7.724% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $500 | $6,000 |
| Vacancy | $129 | $1,545 |
| Management Fee | $206 | $2,472 |
| Expense / Income Ratio | 19.43% | 19.43% |
| Cash Flow | $1,740 | $20,880 |
| Net Operating Income (NOI) | $1,740 | $20,880 |
| Capitalization Rate | 0.44% | 5.22% |
