For sale · MLS® 1304004
218 Water Street
Carbonear, NL, A1Y1C2
List price
$499,900
About this propertyMLS® 1304004
Located in the heart of Carbonear, this exceptional mixed-use property offers a rare investment opportunity with 5 apartment units generating approximately $49,500 annual rental income. The commercial main floor has operated successfully as a restaurant for decades and comes fully equipped with most restaurant equipment and apartment appliances included in the sale. 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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