About this propertyMLS® 1297311
Waterfront Investment Opportunity Turnkey Airbnb with Expansion Potential Welcome to this stunning waterfront income property offering endless possibilities in a picturesque coastal setting Currently operating as an Airbnb this unique property combines flexibility and future development potential.The main rental unit is a spacious and beautifully designed 2-bedroom suite that comfortably sleeps up to 7 guests Featuring 2 full bathrooms, 1 half bath, and two pull-out couches, this unit is perfectly set up for larger families and groups. Guests can relax in the private hot tub overlooking the water while enjoying breathtaking harbour views.The second unit, formerly used as retail space, has been converted into a large and inviting 1-bedroom, 1-bath suite. This versatile space offers excellent rental income potential as-is, while still providing the option to easily revert back to retail use if desired.Adding even more value is the open loft area, presenting a rare opportunity for further development. With ample space to create at least two additional units, investors and entrepreneurs alike will appreciate the significant upside potential this property offers. Highlights: Prime waterfront location Currently operating as a successful Airbnb 2 separate self-contained units Main unit sleeps 7 2 bedrooms, 2 full baths, 1 half bath Private waterfront hot tub Large 1-bedroom secondary suite Former retail space with easy retail conversion potential Large loft area with room for 2+ additional rental units Excellent income and expansion opportunity Ideal for Airbnb, vacation rentals, mixed-use investment, or owner-occupied income property Whether you’re looking for a turnkey hospitality investment, a mixed-use commercial opportunity, or a waterfront property with major growth potential, this one-of-a-kind property is a must-see. (id:56688)
Specifications
Property details
Room by room
Rooms
| Second level | Not known | 49.6x27.5 |
| Main level | Bath (# pieces 1-6) Not known Laundry room Bath (# pieces 1-6) Bath (# pieces 1-6) Ensuite Bedroom Primary Bedroom Eat in kitchen Porch | 8x7.9 23x26 5.1x5.6 4.6x4.3 8x5 7.5x5.6 15.1x8.8 13.3x11.5 24x16.9 16.9x7.5 |
The essentials
Location, air, flood & taxes
Elevation
4 m above sea level
Air quality now
AQHI 2.09 · Low risk
Grand Falls - Windsor station · updated 2:00 a.m.
Property tax
$2,003 / year
≈ $167 / month
Nearby & drive routes
4 places shown · OpenStreetMap · OSRM
Health 1
Groceries 2
Cafés 1
Plan ahead
Calculators & neighbourhood
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Plan ahead
Mortgage & investment calculator
Estimated monthly payment
$167/mo
Principal & interest $0 + property tax $167 per month
Financing breakdown
Rental math
Investment calculator
Monthly cash flow
$-448
NOI / month
$-448
Cap rate
-1.50%
Gross yield
0.00%
| Line item | Monthly | Yearly |
|---|---|---|
| Gross rent | $0 | $0 |
| Mortgage | $0 | $0 |
| Property tax | $167 | $2,003 |
| Expenses | $282 | $3,384 |
| Vacancy | $0 | $0 |
| Management | $0 | $0 |
| Cash flow | $-448 | $-5,376 |
| NOI | $-448 | $-5,376 |
Flip rule of thumb: buy at ≤ 70% of ARV minus repair costs.
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- Office17 Duffy Place, Suite 200, St. John's
Keller Williams Platinum Realty
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