For sale · MLS® 1294977
197-201 Main Street
Stephenville, NL, A2N1J8
List price
$450,000
About this propertyMLS® 1294977
Prime mixed-use investment opportunity in the heart of Stephenville. This well-located commercial building features three established business spaces on the main level, providing immediate rental income and strong street exposure in a high-traffic area. Above the commercial units, you’ll find a spacious five-bedroom residential apartment offering generous living space, a full kitchen, and comfortable layout ideal for owner-occupancy or additional rental income. The combination of commercial and residential units creates multiple revenue streams and excellent long-term investment potential. Situated close to shopping, restaurants, and key amenities, this property offers strong visibility, steady tenancy potential, and versatility for investors seeking both commercial and residential income in one solid asset. HST Applicable (id:56688)
Specifications
Property details
Room by room
Rooms
The neighbourhood
Stephenville at a glance
Live market stats for Stephenville — what's for sale, what it costs, and how it compares to nearby towns.
Homes for sale here
91
Median list price
$265k
Price range
$45k – $5.5M
Typical build
1975
Average size
4,882 sqft
Where Stephenville listings are priced
Every active list price in Stephenville, grouped into bands.
List price, thousands of $ · 91 homes
View as table
| Price band ($) | Listings |
|---|---|
| <200 | 38 |
| 200–300 | 15 |
| 300–400 | 15 |
| 400–500 | 6 |
| 500–750 | 12 |
| 750–1M | 2 |
| 1M+ | 3 |
How Stephenville compares
Median list price against the next biggest markets — click a row for that area guide.
Stephenvillenearby markets
The essentials
Location, air, flood & taxes
Elevation
12 m above sea level
Air quality now
AQHI 1 · Low risk
Corner Brook station · updated 2:00 a.m.
Property tax
$1,581 / year
≈ $132 / month · assessment year 2026
Climate
Feb -3° · Aug 21°
normal daily high · STEPHENVILLE A station · 1991–2020
Nearby & drive routes
28 places shown · OpenStreetMap · OSRM
Schools 14
Groceries 5
Cafés 1
Parks 8
Plan ahead
Calculators & neighbourhood
Estimate payments and returns, and check how walkable this address is — all in one place.
Plan ahead
Mortgage & investment calculator
Estimated monthly payment
$132/mo
Principal & interest $0 + property tax $132 per month
Financing breakdown
Rental math
Investment calculator
Monthly cash flow
$-562
NOI / month
$-562
Cap rate
-1.50%
Gross yield
0.00%
| Line item | Monthly | Yearly |
|---|---|---|
| Gross rent | $0 | $0 |
| Mortgage | $0 | $0 |
| Property tax | $132 | $1,581 |
| Expenses | $431 | $5,172 |
| Vacancy | $0 | $0 |
| Management | $0 | $0 |
| Cash flow | $-562 | $-6,744 |
| NOI | $-562 | $-6,744 |
Flip rule of thumb: buy at ≤ 70% of ARV minus repair costs.
Get in touch
Have a question?
Send a message and Haris will get back to you — usually the same day.
Talk to Haris
A real person, every time
Buying, selling, or just curious about what your home is worth — no call centres, no runaround.
- Call or text416-873-4676
- Emailharis@barki.co
- Office17 Duffy Place, Suite 200, St. John's
Keller Williams Platinum Realty
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