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Newfoundland and Labrador
St. John's
3 Blackmarsh Road

$649,500

3 Blackmarsh Road, St. John's, Newfoundland & Labrador, A1E 1S2

MLS® # 1298882

St. John's NL, A1E 1S2

MLS® # 1298882

Property Information:

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:27)

Building Features:

Style: Multiplex
Building Type: Other
Construction Style - Attachment: Detached
Exterior Finish: Brick
Floor Space: 3400 sqft
Flooring Type: Flooring Type
Foundation Type: Concrete
Heating Type:
Heating Fuel: Electric

Property Features:

OwnershipType: Freehold
Property Type: Multi-family
Bedrooms: 3
Bathrooms: 1
Amenities Nearby: Highway
Built in: 1975
Floor Space (approx): 3400 Square Feet
Irregular: Yes
Lot Size: 50ft x 100ft
Zoning: R2
Sewer: Municipal sewage system

Rooms:

Other 2nd Level 1000sq ft

Courtesy of: HomeLife Experts Realty Inc.

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⚠ Potential Investment Performance

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Market Price Trends

Location of 3 Blackmarsh Road, St. John's, Newfoundland & Labrador, A1E 1S2

Lifestyle
Neighbourhood

Demographic Information of 3 Blackmarsh Road, St. John's, Newfoundland & Labrador, A1E 1S2

Life Stage

Midlife Families

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$97,520.08

Average Number of Children

1.56

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

20.0 %

High school certificate or equivalent

33.14 %

Apprenticeship trade certificate/diploma

5.25 %

College/non-university certificate

19.17 %

University certificate (below bachelor)

0.22 %

University Degree

22.22 %

Commuter

Travel To Work

By Car

81.37 %

By Public Transit

4.55 %

By Walking

7.31 %

By Bicycle

0.0 %

By Other Methods

6.77 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

18.69 %

Houses

81.31 %

Own Vs. Rent