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152 Water Street
152 Water Street
St. John's, Newfoundland & Labrador
$3,300,000
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Quick Summary
Location
St. John's, Newfoundland & Labrador
Price
$3,300,000
Building Type
Other
Property Type
Business
Status
For sale
Area
n/a
Beds
n/a
Baths
n/a
Age
n/a
Postal Code
A1C 1A9
MLS®
1282030
Courtesy Of
RE/MAX Realty Specialists
Database ID:51327 DDF Feed ID: 27954609 Latitude: 47.565835 Longitude: -52.705505
Property Description
Located in the heart of downtown St. John’s, 152 Water Street presents a premier redevelopment or investment opportunity, offering both strong current rental income and significant future potential. This 33,290 sq. ft. mixed-use building, with 28,128 sq. ft. currently developed for lease, has historically operated as an entertainment center and is surrounded by commercial buildings, making it well-suited for conversion into office, retail, boutique condominiums, or upscale rental apartments. The property offers ample space for a 30-unit residential conversion, with potential for vertical expansion to maximize stunning ocean views. Situated on a 7,276 sq. ft. lot with prime Water Street frontage, this property is located in one of St. John’s most vibrant commercial corridors, surrounded by shops, restaurants, and major urban revitalization projects, such as the Alt Hotel across the street. While the property offers exceptional redevelopment potential, it is still generating strong rental revenue, making it an attractive option for investors who want to hold and lease while planning for future redevelopment. Whether maintained as a cash-flowing asset, converted into modern office space, or developed into a landmark residential project, this property offers exceptional flexibility and long-term value in Newfoundland’s capital. (id:47053)
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Building Information
Building Type: Other
Electric Heat
4 stories
Full Details
General
MLS® Number:
1282030
Ownership Type:
Freehold
Price:
$3,300,000
Property Type:
Business
Transaction Type:
For Sale
View Type:
Ocean view
Zoning Description:
CDM
More Information Link:
https://www.realtor.ca/real-estate/27954609/152-water-street-st-johns
Land
Size Total Text:
91 x 83 x 91 x 76
Access Type:
Year-round access
Amenities:
Shopping
Size Irregular:
91 x 83 x 91 x 76
Building
Constructed Date:
1961
Heating Fuel:
Electric
Stories Total:
4
Type:
Other
Listing information last updated on 2025-02-26 14:12:21 -0330
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