For sale · MLS® 1304121
1368-1370 Torbay Road
Torbay, NL, A1K1B3
List price
$449,000
About this propertyMLS® 1304121
Discover an incredible opportunity with this versatile two-unit residential plus commercial unit. Perfectly situated in the heart of Torbay, under a 10-minute drive from St. John’s, this property offers prime visibility for any business while blending small-town charm with the convenience of urban living. Perfect for those who value proximity to nature, scenic beauty, and outdoor adventure. This location is truly special, enjoy being just a short walk from the stunning Torbay Beach and the world-famous East Coast Trail, named by National Geographic as one of the top adventure destinations in the world! The main level features a bright, modern, and extensively renovated commercial space that has been recently leased to a well-established chain store, highlighting the property’s strong appeal and prime location. It previously enjoyed decades of success as a hair salon for approximately 40 years. It is move-in ready and offers excellent flexibility for a wide variety of business ventures. For added convenience, the commercial space includes two bathrooms, providing functionality and comfort for staff and clients alike. There is also plenty of parking available on-site for both tenants and customers, ensuring easy access and convenience for everyone. Upstairs, you’ll find two spacious 3-bedroom, 1-bath apartments, each with large private decks for relaxing and enjoying the peaceful setting. In one unit, the laundry room was converted from a bedroom and could be reverted back with some adjustments. Both apartments are occupied by excellent tenants, including one long-term tenant of over 8 years, and both would be very happy to stay (tenants pay their own utilities). Total monthly rent is $4,500 including a signed lease with a chain store for the commercial space. This property offers a strong investment opportunity, a rare find like this doesn’t come along often! (id:56688)
Specifications
Property details
Room by room
Rooms
| Main level | Other | 29x60 |
| Second level | Not known Not known Not known Bath (# pieces 1-6) Not known Not known Primary Bedroom Living room/Dining room Not known | 13.8x12.6 15x12.6 3.10x24 4.9x7.4 12.5x8.7 12.5x7.1 10.8x12.5 20.2x12.6 9.2X12.6 |
The neighbourhood
Torbay at a glance
Live market stats for Torbay — what's for sale, what it costs, and how it compares to nearby towns.
Homes for sale here
65
Median list price
$310k
Price range
$15k – $2.9M
Typical build
1995
Average size
2,892 sqft
Where Torbay listings are priced
Every active list price in Torbay, grouped into bands.
List price, thousands of $ · 64 homes
View as table
| Price band ($) | Listings |
|---|---|
| <200 | 19 |
| 200–300 | 13 |
| 300–400 | 3 |
| 400–500 | 5 |
| 500–750 | 15 |
| 750–1M | 4 |
| 1M+ | 5 |
How Torbay compares
Median list price against the next biggest markets — click a row for that area guide.
The essentials
Location, air, flood & taxes
Elevation
38 m above sea level
Air quality now
AQHI 1.82 · Low risk
St. John's station · updated 2:00 a.m.
Property tax
$3,254 / year
≈ $271 / month
Climate
Feb -1° · Jul 21°
normal daily high · ST JOHN'S A station · 1991–2020
Nearby & drive routes
15 places shown · 3 routes · OpenStreetMap · OSRM
- 19 min to downtown St. John's14.1 km
- 15 min to Memorial University10.6 km
- 16 min to Avalon Mall12.2 km
Schools 12
Groceries 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
$272/mo
Principal & interest $0 + property tax $272 per month
Financing breakdown
Rental math
Investment calculator
Monthly cash flow
$-561
NOI / month
$-561
Cap rate
-1.50%
Gross yield
0.00%
| Line item | Monthly | Yearly |
|---|---|---|
| Gross rent | $0 | $0 |
| Mortgage | $0 | $0 |
| Property tax | $272 | $3,254 |
| Expenses | $290 | $3,480 |
| Vacancy | $0 | $0 |
| Management | $0 | $0 |
| Cash flow | $-561 | $-6,732 |
| NOI | $-561 | $-6,732 |
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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