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MLS #1298882Listed June 16, 2026 · 99 days on market
St. John's
$649,500
Prime mixed-use property offering immediate cash flow and future upside. the upper level features a spacious 3 bedroom apartment, while approximately 2,000 sq ft of additional upper-level space presents an excellent opportunity for further development, expansion, or the creation of additional rental units (subject to city approval) The main floor is currently leased to a commercial tenant with 3 years remaining on the lease, providing stable and predictable income from day one. Ideal for investors, developers, or business owners seeking a high-visibility property with multiple revenue streams and significant value-add potential. A rare opportunity to acquire a property that combines secure commercial tenancy with residential development possibilities. (id:66441)
Cost To Own
Homes in a hot market often sell over asking. Model your winning bid, then adjust the financing to see the real cash to close and monthly carrying cost — including default insurance when you put down under 20%.
$649,500
Amortization
Add your monthly carrying costs
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Estimated Monthly Mortgage
$3,096
Cash To Close
$129,900
Estimate only — final costs depend on lender approval, taxes, insurance, and closing costs.
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Elementary Schools
Bishop Abraham Elementary
PublicLakecrest-St. John's Independent School
PrivateSt. Teresa's School/École Ste-Therese
PublicSecondary Schools
École Rocher-du-Nord
FrancophoneLakecrest-St. John's Independent School
PrivatePrince of Wales Collegiate
PublicStraight-line distance from this property. Proximity does not determine enrolment — confirm catchment areas with the Newfoundland and Labrador English School District. School list and grade levels from Statistics Canada's Open Database of Educational Facilities; some locations from OpenStreetMap contributors.
Straight-line distance from this property. Healthcare locations from Statistics Canada's Open Database of Healthcare Facilities; shops, pharmacies and filling stations from OpenStreetMap contributors.
