260-268 Water Street photo 1

MLS #1297663

260-268 Water Street

St. John's

$1,300,000

Office
Source Listing

Property Details

Welcome to 260–268 Water Street, a prime commercial investment opportunity in the heart of downtown St. John's. This well located mixed use building features a fully operating restaurant on the main floor, The Estee Cafe, known for its strong local presence and steady foot traffic. The second floor is home to The Bamboo Room, a popular bar that adds to the building’s vibrant appeal and consistent revenue potential. Positioned along one of the city’s busiest and most recognized streets, this property benefits from excellent visibility, high pedestrian traffic, and proximity to shops, offices, and tourist attractions. Whether you are looking to expand your portfolio or own a standout property in a sought after downtown location, this building offers both immediate income and long term upside. (id:66441)

Cost To Own

Down payment and monthly ownership estimate

Start with the listing price, then adjust the financing and monthly carrying costs for a practical estimate.

Purchase Price$1,300,000
Down Payment - 9%$117,000
Interest Rate5.25%

Amortization

Estimated Monthly Cost

$8,510

Mortgage Payment
$7,089
Property Tax
$921
Insurance
$150
Utilities
$350
Down Payment
$117,000
Loan Amount
$1,183,000
Total Interest
$943,730

Estimate only. Final payments depend on lender approval, taxes, insurance, closing costs, and mortgage insurance when applicable.

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