No Conveyance of any written signed offers prior to September 18, 2026 1pm.
Deadline extracted automatically from the listing remarks — it may be missing, incomplete, or out of date. Always confirm offer terms with the listing brokerage.
About this propertyMLS® 1301915
**A RARE WATERFRONT TOURISM INVESTMENT OPPORTUNITY!** A proven 30-year operating history as a successful short-term accommodation business, offering an exceptional opportunity to own 3 Chalets on almost 1 acre of waterfront land and expand a turnkey tourism destination on the banks of the famous Humber River. This property features 3 fully furnished chalets, each approximately 1,000 sq. ft. with 2 bedrooms, a full kitchen and a 3-piece bathroom, offering guests beautiful waterfront views and direct access to one of Western Newfoundland’s premier salmon-fishing rivers. Each chalet is completely furnished, can sleep up to 6 and ready to generate income from day one. The property is equipped with a commercial-grade treatment plant already in place for future expansion, providing significant potential for future growth. A 400-amp electrical service supplies 100-amp service to each existing chalet. The location is ideal for attracting tourists year-round: approximately 10 minutes to Marble Mountain, offering world-class skiing and outdoor recreation; 30 minutes to Deer Lake Regional Airport; and approximately 1 hour to Gros Morne National Park. Whether you're looking to continue the established short-term accommodation business, expand the existing operation, or capitalize on Western Newfoundland's growing tourism market, this waterfront property offers an incredible combination of proven income potential, expansion opportunities, prime location and natural beauty. Three turnkey chalets. A proven 30-year history. Room to grow. And the Humber River right at your doorstep. This isn’t just a property—it’s an opportunity!! Sellers direction in place. No Conveyance of any written signed offers prior to September 18, 2026 1pm. Remain open for acceptance until September 18, 2026 at 6pm (id:56688)
Specifications
Property details
Room by room
Rooms
The essentials
Location, air, flood & taxes
Elevation
10 m above sea level
Air quality now
AQHI 1 · Low risk
Corner Brook station · updated 2:00 a.m.
Property tax
$1,041 / year
≈ $87 / month · assessment year 2025
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Calculators & neighbourhood
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Plan ahead
Mortgage & investment calculator
Estimated monthly payment
$87/mo
Principal & interest $0 + property tax $87 per month
Financing breakdown
Rental math
Investment calculator
Monthly cash flow
$-1,562
NOI / month
$-1,562
Cap rate
-1.50%
Gross yield
0.00%
| Line item | Monthly | Yearly |
|---|---|---|
| Gross rent | $0 | $0 |
| Mortgage | $0 | $0 |
| Property tax | $87 | $1,041 |
| Expenses | $1,476 | $17,712 |
| Vacancy | $0 | $0 |
| Management | $0 | $0 |
| Cash flow | $-1,562 | $-18,744 |
| NOI | $-1,562 | $-18,744 |
Flip rule of thumb: buy at ≤ 70% of ARV minus repair costs.
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- Call or text416-873-4676
- Emailharis@barki.co
- Office17 Duffy Place, Suite 200, St. John's
Keller Williams Platinum Realty
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