3 Blackmarsh Road

St. John's · MLS® 1298882

3,400 sq ft · House · Multi-family · built 1975 · 130 days on market

listed by Chad Hoyles, HomeLife Experts Realty Inc.

realtor's description

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.

property details

type: House, Multi-family
bedrooms: 3
bathrooms: 1
living area: 3,400 sq ft
parking: 0
year built: 1975
property tax: $8,473 / yr
days on market: 130
MLS®: 1298882

monthly cost

$3,536/mo

Mortgage $2,830 · Tax $706

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.

estimated payment

$2,830/ monthly

loan $519,600

25-year amortization

down payment20% · $129,90020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 24, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $329,343
cash to close: $129,900; down payment; transfer tax and fees not included
total paid: $848,943

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer.