For sale · MLS® 1303985
218 Water Street
Carbonear, NL, A1Y1C2
List price
$499,900
About this propertyMLS® 1303985
Located in the heart of Carbonear, this exceptional mixed-use property offers a rare investment opportunity with the commercial main floor has operated successfully as a restaurant for decades and comes fully equipped with most restaurant equipment and the 5 apartment units generating approximately $49,500 annual rental income. Whether you’re looking to expand your business, open your own restaurant, or add a strong income-producing property to your portfolio, the possibilities here are endless. A full list of included items is available upon request. Apartments are rented and occupied, and pictures can be provided upon request. (id:56688)
Specifications
Property details
Room by room
Rooms
The neighbourhood
Carbonear at a glance
Live market stats for Carbonear — what's for sale, what it costs, and how it compares to nearby towns.
Homes for sale here
47
Median list price
$180k
Price range
$20k – $1.3M
Typical build
1958
Average size
3,517 sqft
Where Carbonear listings are priced
Every active list price in Carbonear, grouped into bands.
List price, thousands of $ · 47 homes
View as table
| Price band ($) | Listings |
|---|---|
| <200 | 25 |
| 200–300 | 9 |
| 300–400 | 3 |
| 400–500 | 7 |
| 500–750 | 1 |
| 750–1M | 1 |
| 1M+ | 1 |
How Carbonear compares
Median list price against the next biggest markets — click a row for that area guide.
The essentials
Location, air, flood & taxes
Elevation
9 m above sea level
Air quality now
AQHI 1.8 · Low risk
St. John's station · updated 1:00 a.m.
Property tax
$2,078 / year
≈ $173 / month · assessment year 2026
Nearby & drive routes
6 places shown · 3 routes · OpenStreetMap · OSRM
- 85 min to downtown St. John's109.6 km
- 84 min to Memorial University108.4 km
- 89 min to Avalon Mall115.2 km
Schools 2
Groceries 1
Cafés 2
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
$174/mo
Principal & interest $0 + property tax $174 per month
Financing breakdown
Rental math
Investment calculator
Monthly cash flow
$-624
NOI / month
$-624
Cap rate
-1.50%
Gross yield
0.00%
| Line item | Monthly | Yearly |
|---|---|---|
| Gross rent | $0 | $0 |
| Mortgage | $0 | $0 |
| Property tax | $174 | $2,078 |
| Expenses | $451 | $5,412 |
| Vacancy | $0 | $0 |
| Management | $0 | $0 |
| Cash flow | $-624 | $-7,488 |
| NOI | $-624 | $-7,488 |
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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