Telephone Email132 Water Street, St. John's, Newfoundland & Labrador, Canada A1C1A8

For sale · MLS® 1297203

132 Water Street

St. John's, NL, A1C1A8

2,340 sqft

List price

$349,000

132 Water Street St. John's Newfoundland & Labrador Canada A1C1A8, for Sale, residential, Haris Barki, Keller Williams Platinum Realty

Presented by

Haris Barki

416-873-4676

haris@barki.co

REALTOR® · Keller Williams Platinum Realty

About this propertyMLS® 1297203

Situated in the heart of historic downtown St. John’s, 132 Water Street offers a versatile commercial 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. (id:56688)

Property details

MLS®1297203

Listing ID29715738

Address132 Water Street, St. John's, Newfoundland & Labrador, Canada A1C1A8

StatusActive

Last updated3 months ago ( Jul 31, 2026 )

Property TypeOffice

Structure TypeSpecial Purpose

Ownership TypeFreehold

HeatingElectric

Living Area Total2,340 square feet

Price per sq ft: $150

Tax Annual Amount$7,555

GarageNo

Attached GarageNo

CarportNo

Open ParkingNo

WaterfrontNo

PoolNo

RoofTorch on Roof, Unknown

HeatingElectric

Common InterestFreehold

Business TypeOther, Retail and Wholesale, Service, Arts and Entertainment

Number of photos available26

Rurl
Coordinates: [47.566414, -52.704829]

Rooms

Basic Calculator

Principal Amount ($):

Annual Interest Rate (%):

Loan Term (Years):

Down Payment ($):

Percent Down (%):

First Mortgage: $279,200

Mortgage insurance premium: $0

Total Financing: $279,200

Rough closing fee (1.5%): ~ $5,235

Total downpayment with estimated closing fee: $75,035

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Investment Calculator:

Monthly Income (Initially estimated at $1.1 per sqft):

Monthly Expense (includes taxes, insurance, utilities, maintenance etc, excluding mortgage payment) (initally estimated at 1.5% per year of principal):

Vacancy Rate (%):

Management Fee (%):

Total cost of initial renovation ($):

	Monthly	Yearly
Gross Revenue	$2,574	$30,888
Gross rental income (income/principal ratio)	0.738%	8.850%
Mortgage	$0	$0
Monthly Expenses	$437	$5,244
Vacancy	$129	$1,545
Management Fee	$206	$2,472
Expense / Income Ratio	16.98%	16.98%
Cash Flow	$1,803	$21,636
Net Operating Income (NOI)	$1,803	$21,636
Capitalization Rate	0.52%	6.20%

Capitalization Rate: 6.20%

After-repair value (ARV) (This is a rule for purchasing and flipping distressed real estate for a profit, which states that the purchase price should be less than 70% of after-repair value (ARV) minus repair costs (rehab).): $498,572

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