302-304 Water Street

St. John's · MLS® 1301229

House · Multi-family · 73 days on market

listed by Jaykumar Patel, Century 21 Seller's Choice Inc.

realtor's description

Prime Mixed-Use Investment in the Heart of Downtown St. John’s. Discover 302-304 Water Street, a rare opportunity to own a versatile and income-generating property in one of the city’s most iconic and high-traffic areas. This property features two commercial units on the main level, currently occupied by Hollow Noggin Vape Shop and a restaurant, along with two residential apartments on the upper floors, offering a strong tenant mix and consistent returns. Generating an annual income of approximately $83,000, it provides both stability and long-term growth potential. With rear access to Mahon’s Lane and a direct connection to George Street, the property benefits from exceptional visibility and foot traffic year-round. Surrounded by established businesses and high-value buildings, 302-304 Water Street is an ideal investment for those looking to expand their portfolio or secure a landmark asset in one of St. John’s most desirable downtown locations.

property details

type: House, Multi-family
parking: 0
property tax: $5,830 / yr
days on market: 73
MLS®: 1301229

monthly cost

$4,320/mo

Mortgage $3,834 · Tax $486

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

estimated payment

$3,834/ monthly

loan $704,000

25-year amortization

down payment20% · $176,00020%+ 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: $446,223
cash to close: $176,000; down payment; transfer tax and fees not included
total paid: $1,150,223

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