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Home NL Greater St. John's Division No. 1 St. John's Old West End
722 Water Street
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722 Water Street $999,500
$999,500
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722 Water Street
St John's, Newfoundland & Labrador A1E1C2

MLS® Number: 1293189

Listing Description

Investor Opportunity – Mixed-Use Portfolio (2 adjoining Properties) with business number if needed. Seize this rare chance to own a diverse, income-producing portfolio of 2 mixed-use properties offering strong current returns and long-term growth potential. With a combination of residential units, commercial leases, and included assets, this package delivers over $7700/month in rental income. --722 Water Street Flexible Use: 1–2 residential units or commercial space on the main with residential above Current Income: $3,200/month Zoning: Commercial/residential mix Ideal For: Owner-occupiers, live/work setups, or pure rental. --720 Water Street (Neighbouring Property) Commercial Lease: Triple Net (NNN) tenant at $4,500/month. Fully Renovated: Modernized throughout. Bonus Asset: Includes a fully equipped butcher shop with $250,000 in commercial-grade equipment (included in sale). Turnkey Investment: Stable tenant with minimal maintenance. (30466654)

Property Summary

Property Type
Retail
Building Type
Retail
Title
Freehold
Land Size
0-4,050 sqft
Annual Property Taxes
$3,300
Time on REALTOR.ca
15 days

Price and Sale History

Date Status Price
Jun 7, 2024 Sale Closed $200,000
Nov 8, 2019 Sale Closed $229,000

Building

Building Features
Present Use
Retail, Hospitality / Resort, Special purpose, Restaurant
Heating & Cooling
Heating Type
(Electric)
Business
Business Type
Accommodation (Bed & Breakfast), Food Services and Beverage (Bakery), Food Services and Beverage (Butcher shop), Restaurant (Restaurant), Retail and Wholesale (Florist/Gifts)

Land

Other Property Information
Zoning Description
cm
Data provided by: Newfoundland & Labrador Association of REALTORS®
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709-727-8850
Jeff LeDrew