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

For sale · MLS® 1297201

132 Water Street

St. John's, NL, A1C1A8

3 bd2 ba2,340 sqftBuilt 1900

List price

$335,000

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® 1297201

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

MLS®1297201

Listing ID29715739

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

StatusActive

Last updateda month ago ( Sep 21, 2026 )

Year Built1900

Property TypeSingle Family

Architectural Style3 Level

Structure TypeTwo Apartment House

Ownership TypeFreehold

Beds3

Baths2

1/2 Baths2

HeatingElectric

SewerMunicipal sewage system

FlooringMixed Flooring

Living Area Total2,340 square feet

Price per sq ft: $144

Tax Annual Amount$7,555

GarageNo

Attached GarageNo

CarportNo

Open ParkingNo

WaterfrontNo

PoolNo

AppliancesAlarm System

Water SourceMunicipal water

RoofTorch on Roof, Unknown

HeatingElectric

FlooringMixed Flooring

Common InterestFreehold

Number of photos available26

Rurl
Coordinates: [47.566458, -52.704764]

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

Principal Amount ($):

Annual Interest Rate (%):

Loan Term (Years):

Down Payment ($):

Percent Down (%):

First Mortgage: $268,000

Mortgage insurance premium: $0

Total Financing: $268,000

Rough closing fee (1.5%): ~ $5,025

Total downpayment with estimated closing fee: $72,025

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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)	0.768%	9.220%
Mortgage	$0	$0
Monthly Expenses	$419	$5,028
Vacancy	$129	$1,545
Management Fee	$206	$2,472
Expense / Income Ratio	16.28%	16.28%
Cash Flow	$1,821	$21,852
Net Operating Income (NOI)	$1,821	$21,852
Capitalization Rate	0.54%	6.52%

Capitalization Rate: 6.52%

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).): $478,572

Neighbourhood scores

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