For sale · MLS® 1302606
332 Marine Drive
Little Bay, NL, A0E1N0
List price
$299,000
About this propertyMLS® 1302606
If you’ve been searching for a property with exceptional versatility and income potential, this approximately 3,000 sq. ft. building offers an opportunity worth exploring. Currently configured with a convenience/fabric store, a former hair salon and an existing residential unit, the building lends itself to a variety of future uses. Please note that the existing business is not included in the sale. The second floor features an approximately 875 sq. ft., 3-bedroom, 1-bathroom residential unit that could provide immediate rental income, with an estimated rental potential of approximately $1,500 per month. On the main floor, a separate area formerly operated as a hair salon provides another opportunity. With some reconfiguration and expansion into adjoining space, this area could potentially be converted into a comfortable 2-bedroom apartment. The large main store area offers even more possibilities and could potentially become a third residential unit. For someone interested in an investment property, the building could potentially be transformed into a three-unit residential property, subject to municipal approvals, zoning and any required permits. Prefer a commercial component? The main level could continue to accommodate a convenience store or potentially another type of business while maintaining residential rental income above. The property also has two separate basement areas, one with a concrete floor and the other with a gravel floor, providing plenty of additional storage and utility space. And then there’s the view! The spectacular surroundings add another dimension to the property and could make future residential units especially appealing. Whether your vision is residential, commercial, income-producing, or a combination of all three, this property provides a unique opportunity to create something that works for you. With an existing residential unit and substantial space available for redevelopment, there are plenty of possibilities to explore. (id:56688)
Specifications
Property details
Room by room
Rooms
| Second level | Bath (# pieces 1-6) Bedroom Bedroom Primary Bedroom Living room Dining room Kitchen | 13.1 x 5.2 10.1 x 11.1 10.1 x 11.3 9.1 x 14.7 15.1 x 13.1 13.1 x 5.5 13.1 x 8.2 |
| Main level | Other Other Other Other Bath (# pieces 1-6) Other Other Other Other | 4.1 x 6.1 6.1 x 9.2 9.0 x 6.3 7.8 x 24.1 5.4 x 4.4 5.4 x 5.2 9.11 x 9.7 18.7 x 8.9 51.1 x 29.2 |
The neighbourhood
Little Bay at a glance
Live market stats for Little Bay — what's for sale, what it costs, and how it compares to nearby towns.
Homes for sale here
3
Median list price
$239k
Price range
$159k – $299k
Typical build
1979
Average size
1,928 sqft
Where Little Bay listings are priced
Every active list price in Little Bay, grouped into bands.
List price, thousands of $ · 3 homes
View as table
| Price band ($) | Listings |
|---|---|
| <200 | 1 |
| 200–300 | 2 |
How Little Bay compares
Median list price against the next biggest markets — click a row for that area guide.
The essentials
Location, air, flood & taxes
Elevation
2 m above sea level
Air quality now
AQHI 1.43 · Low risk
Burin station · updated 2:00 a.m.
Property tax
$2,318 / year
≈ $193 / month · assessment year 2026
Nearby & drive routes
1 place shown · OpenStreetMap · OSRM
Parks 1
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
$194/mo
Principal & interest $0 + property tax $194 per month
Financing breakdown
Rental math
Investment calculator
Monthly cash flow
$-373
NOI / month
$-373
Cap rate
-1.50%
Gross yield
0.00%
| Line item | Monthly | Yearly |
|---|---|---|
| Gross rent | $0 | $0 |
| Mortgage | $0 | $0 |
| Property tax | $194 | $2,318 |
| Expenses | $180 | $2,160 |
| Vacancy | $0 | $0 |
| Management | $0 | $0 |
| Cash flow | $-373 | $-4,476 |
| NOI | $-373 | $-4,476 |
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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