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155 Marine Drive
155 Marine Drive
NEW
Marystown, Newfoundland & Labrador
$1,599,900
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Quick Summary
Location
Marystown, Newfoundland & Labrador
Price
$1,599,900
Building Type
Residential Commercial Mix
Property Type
Multi-family
Status
For sale
Area
14158 sqft
Beds
n/a
Baths
n/a
Age
n/a
Postal Code
A0E 2M0
MLS®
1287701
Courtesy Of
RE/MAX Infinity Realty Inc.
Database ID:56915 DDF Feed ID: 28585658 Latitude: 47.164441 Longitude: -55.13966
Property Description
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:47053)
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Building Information
Building Type: Residential Commercial Mix
Area: 14158 sqft
Baseboard heaters
Electric Heat
Flooring: Carpeted, Laminate
4 stories
Full Details
General
MLS® Number:
1287701
Ownership Type:
Freehold
Price:
$1,599,900
Property Type:
Multi-family
Transaction Type:
For Sale
Zoning Description:
Res Traditional
More Information Link:
https://www.realtor.ca/real-estate/28585658/155-marine-drive-marystown
Land
Size Total Text:
.6 Acre|.5 - 9.99 acres
Amenities:
Shopping
Landscape Features:
Landscaped
Size Irregular:
.6 Acre
Building
Constructed Date:
1975
Flooring Type:
Carpeted, Laminate
Heating Fuel:
Electric
Heating Type:
Baseboard heaters
Stories Total:
4
Size Interior:
14158 sqft
Type:
Residential Commercial Mix
Listing information last updated on 2025-07-10 12:02:50 -0230
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