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168 Water Street St. John's, Newfoundland & Labrador A1C 1A7

2629 sqft

$460,000

Prime Downtown Investment Opportunity! Welcome to 168 Water Street, a landmark property in the vibrant core of historic St. John’s. This three-unit brick building combines timeless character with exceptional investment appeal. Featuring two self-contained 710 sq. ft. apartments (POU) and a 1,029 sq. ft. commercial storefront leased to Darth Vapor, it offers a strong tenant mix and dependable income. Situated directly on Water Street, the city’s most iconic commercial corridor, this property benefits from its prime downtown location near major banks, financial institutions, office towers, courts, and legal centres. It’s also surrounded by top restaurants, tour boat facilities ??, boutique shops, hotels, and entertainment venues, ensuring steady foot traffic and year-round activity. With annual income exceeding $57,000, low operating expenses, and a cap rate firmly in the double digits, 168 Water Street presents an outstanding opportunity to anchor your portfolio in one of St. John’s most sought-after districts. (id:12973)

Business

Business Type Other, Other, Other, Service
Business Sub Type General commercial, Other, Mixed - IC&I, Miscellaneous services

Property Details

MLS® Number 1290933
Property Type Business

Building

Constructed Date 1920
Heating Fuel Electric
Stories Total 3
Size Interior 2629 Sqft
Type Other

Land

Acreage No
Size Irregular 17x71x20x66
Size Total Text 17x71x20x66|0-4,050 Sqft
Zoning Description Cdm

https://www.realtor.ca/real-estate/28917594/168-water-street-st-johns

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Contact us for more information


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Jaykumar Patel

(709) 763-6297
(709) 579-7600
jaykumar-patel.c21.ca/
https://www.facebook.com/jay.century21

Century 21 Seller's Choice Inc.
136 Crosbie Road, Suite 202
St. John's, Newfoundland & Labrador A1B 3K3

(709) 579-0021
(709) 579-7600
www.sellerschoice.c21.ca/

Matthew Blundon

(709) 280-3273

Century 21 Seller's Choice Inc.
136 Crosbie Road, Suite 202
St. John's, Newfoundland & Labrador A1B 3K3

(709) 579-0021
(709) 579-7600
www.sellerschoice.c21.ca/