For sale · MLS® 1305179
220 Atlantic Street
Marystown, NL, A0E2M0
List price
$389,000
About this propertyMLS® 1305179
Prime Commercial Opportunity – Gateway to Marystown! Location, accessibility, and versatility! Strategically situated along the main roadway as you enter Marystown, this 3,360 sq. ft. commercial building sits on an expansive 2.2-acre lot, offering excellent visibility, convenient access, and tremendous potential for a variety of business ventures. Originally constructed around 1982, with a substantial 40' x 60' addition completed a few years later, this property offers a functional layout ideal for transportation, warehousing, distribution, storage, or service-related operations. The building features 14' overhead doors, a front office, one full bathroom with shower, and an additional half bathroom. Additional features include electric heating, municipal water, and a certified septic system. The impressive 2.2-acre property provides generous space for transport truck manoeuvring, equipment storage, outdoor operations, and ample parking. Its prominent roadside location and easy accessibility make it particularly attractive to businesses requiring both indoor facilities and extensive outdoor space. Whether you're looking to establish, expand, or relocate your business, this versatile commercial property offers an excellent opportunity in a highly visible location at the entrance to Marystown. A property with space, accessibility, and potential — ready for your next business venture! (id:56688)
Specifications
Property details
Overview
The home
Systems & utilities
Size & land
Taxes
Parking & outdoor
Features
Fees & source
Room by room
Rooms
The neighbourhood
Marystown at a glance
Live market stats for Marystown — what's for sale, what it costs, how it compares to nearby towns, and how walkable this address is.
Homes for sale here
28
Median list price
$196k
Price range
$40k – $1.1M
Typical build
1982
Average size
2,273 sqft
Where Marystown listings are priced
Every active list price in Marystown, grouped into bands.
List price, thousands of $ · 28 homes
View as table
| Price band ($) | Listings |
|---|---|
| <200 | 15 |
| 200–300 | 7 |
| 300–400 | 3 |
| 400–500 | 1 |
| 500–750 | 1 |
| 1M+ | 1 |
How Marystown compares
Median list price against the next biggest markets — click a row for that area guide.
The essentials
Location, air, flood & taxes
Elevation
21 m
0300 mmetres above sea level
Air quality now
1–3 band
110+AQHI 1 · Low risk · Burin · updated 2:00 p.m.
Flood & zoning are mapped for St. John's only
Property tax
$926 / year
≈ $77 / month
Amenity constellation
compass view · OpenStreetMap · ODEF schools
Nothing mapped within 1.5 km of this address yet — dots appear here once OpenStreetMap coverage reaches it (coverage is thin outside the Avalon).
Cost & context
What this home really costs
Winter heat, five years of ownership, how this price sits against the market, and what the map says is within walking distance — every figure captioned with its assumptions.
Winter warmer
Jan–Mar · estimate
$706/mo
Est. winter heating (electricity) — about $2,119 for January through March.
Estimate — not an appraisal. electricity at 15.587¢/kWh (Newfoundland Power, eff. Jul 1 2026, pre-HST). 3,360 sqft. Severity 0.97× St. John's from the WINTERLAND station 1981–2010 normal. Jan–Mar only; excludes HST, hot water, cooking and any cooling.
5-year cost of ownership
20% down · 25-yr
5-year all-in: $137,624
Closing costs + five years of running costs + 60 mortgage payments on a $389,000 home.
If rates rise 2 points
$22,225 more over five years if the rate is 6.44% instead of 4.44% — P&I only.
Once, at closing
- Land transfer (registration) fee$100 + $0.40 per $100 over $500, capped at $5,000$1,654
- Legal feesest.estimate — your lawyer quotes the exact figure$1,500
- Down payment (20%)$77,800
Every year
- Heatingest.2× the Jan–Mar estimate (heating season ≈ 6 months)$4,238
- Property taxfrom the feed$926
- Home insuranceest.estimate — NL range $700–$1,500/yr$1,100
× 5 years = $31,320
By down payment
| Down | Payment | 5-yr all-in | Note |
|---|---|---|---|
| 5% | $2,042 | $156,965 | needs mortgage insurance (not modelled) |
| 10% | $1,934 | $150,518 | needs mortgage insurance (not modelled) |
| 20% | $1,719 | $137,624 | no mortgage insurance |
Estimates — not a quote or an appraisal. Mortgage at 4.44% (best market 5-yr fixed, Ratehub.ca, 2026-11-05), 25-year amortization, P&I only. Land transfer fee: Registry of Deeds schedule ($100 + $0.40/$100 over $500, cap $5,000). Legal $1,500 and insurance $1,100/yr (NL range $700–$1,500) are estimates. Heating is 2× the Jan–Mar winter estimate. 5-year all-in = closing costs + 5 years of running costs + 60 mortgage payments; it excludes CMHC insurance (needed below 20% down), utilities other than heat, and maintenance.
Rate time machine
same house · same down payment
Same house, same down payment — your payment today at 4.44%best market rate · posted was 6.19%
- Today, best market rate2026-11-05 · 4.44%$1,719/mo
- Today, posted2026-11-04 · 6.19%$2,041/mo
- 5 years ago2021-11-03 · 4.79%$1,781/mo
- 10 years ago2016-11-02 · 4.64%$1,755/mo
At 6.19% — five years ago — the same mortgage would have cost $322 more each month than at today's posted rate.
Principal & interest only: $311,200 (80% of the $389,000 asking price — 20% down), 25-year amortization. No taxes, insurance, fees, or mortgage insurance. Today's rate is the Bank of Canada conventional 5-year rate observed 2026-11-04. The 5- and 10-year rows are two documented observations of that same series (2021-11-03 = 4.79%, 2016-11-02 = 4.64%, retrieved 2026-11-01 from bankofcanada.ca/valet) — fixed reference points, not a modelled path between them. Estimate — not an offer of credit; your lender's rate will differ.
Price ghosts
$/sqft vs 20 active
Priced at the 50th percentile of active Marystown homes
$116/sqft — city median $117/sqft.
Monthly carrying cost
$1,643/mo
Plan ahead
Calculators
Estimate payments and returns before you make an offer — all in one place.
Plan ahead
Mortgage & investment calculator
Estimated monthly payment
$78/mo
Principal & interest $0 + property tax $78 per month
Financing breakdown
Rental math
Investment calculator
Monthly cash flow
$-486
NOI / month
$-486
Cap rate
-1.50%
Gross yield
0.00%
| Line item | Monthly | Yearly |
|---|---|---|
| Gross rent | $0 | $0 |
| Mortgage | $0 | $0 |
| Property tax | $78 | $926 |
| Expenses | $409 | $4,908 |
| Vacancy | $0 | $0 |
| Management | $0 | $0 |
| Cash flow | $-486 | $-5,832 |
| NOI | $-486 | $-5,832 |
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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