124 Military Road photo 11 / 49

MLS #1296761

124 Military Road

St. John's

$899,900

4,443 sqft
Office
Source Listing

Property Details

Ideally positioned at one of St. John’s most prominent central intersections, this classic heritage property offers a rare opportunity to own a landmark building in the heart of the downtown core. Offering over 5,000 sq. ft. of interior space, the property provides exceptional visibility, complete with driveway at rear and ample adjacent public parking. The property has been extremely well maintained and thoughtfully upgraded by the current owner, reflecting true pride of ownership throughout. This character home retains many original features, including high ceilings, custom plaster work, stunning trim and millwork, walk-in bay windows, fireplace mantels, and an outstanding staircase that highlights its craftsmanship and historic charm. Currently configured for professional office use, the interior includes multiple private and multi-purpose offices, a boardroom, cafe/lunchroom, top-floor kitchenette, and three bathrooms. Its flexible layout supports a wide range of potential uses such as boutique retail, studio space, gallery, professional offices, or spa services. The property also offers excellent potential for mixed-use conversion, with the ability to operate a business on the main and lower levels while residing on the second and third floors—an ideal live-work opportunity in a prime downtown setting. Located within the historic quarter, it is surrounded by cafés, coffee shops, restaurants, and local shopping, offering a vibrant and highly walkable environment. Positioned on the edge of Bannerman Park, a beautifully revitalized historic green space, this highly sought-after location provides outstanding exposure, convenience, and long-term investment appeal in downtown St. John’s. (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$899,900
Down Payment - 8%$71,992
Interest Rate5.25%

Amortization

Estimated Monthly Cost

$6,098

Mortgage Payment
$4,961
Property Tax
$637
Insurance
$150
Utilities
$350
Down Payment
$71,992
Loan Amount
$827,908
Total Interest
$660,458

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

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