155 Marine Drive Marystown, Newfoundland & Labrador A0E 2M0
$1,599,900
Very well maintained 16 unit Apartment Building that consists of 8 two-bedroom (686 sq ft) and 8 three bedroom (834 sq ft) apartments that have historically been occupied by local mining and fishery companies and include internet, utilities and furnishings including oven, refrigerator, washer & Dryer. Property was built in the mid-1970's. Recent interior renovations have the property with an effective age of 15 years. The .57 acre lot is zoned "Residential Traditional Community" and backs onto the rocky coastline of Creston Inlet. Paved parking with some landscaping and a detached building used for main electrical service (800 amp main panel). 3576 sq ft on level one, two & three and 3430 sq ft in partially above ground basement for a total of 14,158 sq ft. Based on the current pro-forma statement, this property is projected to achieve a capitalization rate (CAP Rate) of 7.4%, reflecting its potential return on investment relative to the purchase price. (id:51189)
Business
| BusinessType | Residential |
| BusinessSubType | Residential |
Property Details
| MLS® Number | 1287701 |
| Property Type | Multi-family |
| AmenitiesNearBy | Shopping |
Building
| ConstructedDate | 1975 |
| FlooringType | Carpeted, Laminate |
| HeatingFuel | Electric |
| HeatingType | Baseboard Heaters |
| StoriesTotal | 4 |
| SizeInterior | 14158 Sqft |
| Type | Residential Commercial Mix |
Land
| Acreage | No |
| LandAmenities | Shopping |
| LandscapeFeatures | Landscaped |
| SizeIrregular | .6 Acre |
| SizeTotalText | .6 Acre|.5 - 9.99 Acres |
| ZoningDescription | Res Traditional |
https://www.realtor.ca/real-estate/28585658/155-marine-drive-marystown
Interested?
Contact us for more information
Michael Samson
(709) 522-6350
33 Pippy Place, Suite 304
St. John's, Newfoundland & Labrador A1B 3X2
(709) 800-0412
Justin Hollett
(709) 522-6350
33 Pippy Place, Suite 304
St. John's, Newfoundland & Labrador A1B 3X2
(709) 800-0412
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
July 11 2025 12:12:47
The Newfoundland & Labrador Association of REALTORS®
RE/MAX Infinity Realty Inc.
