See all 45 photos
45 photos
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by Century 21 Seller`s Choice Inc.
$497,000
Est. payment /mo
3,480 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,480 sqft
Price per Sqft $142
MLS Listing ID 1296277
Style 3 Units
Year Built 1962
Annual Tax Amount $3,254
Tax Year 2024
Lot Dimensions 0.202 acre
Property Sub-Type Multi Family
Source NLAR
Property Description
Discover an incredible opportunity with this versatile two-unit residential plus commercial unit. Perfectly situated in the heart of Torbay, under a 10-minute drive from St. John's, this property offers prime visibility for any business while blending small-town charm with the convenience of urban living.
Perfect for those who value proximity to nature, scenic beauty, and outdoor adventure. This location is truly special, enjoy being just a short walk from the stunning Torbay Beach and the world-famous East Coast Trail, named by National Geographic as one of the top adventure destinations in the world!
The main level features a bright, modern, and extensively renovated commercial space that has been recently leased to a well-established chain store, highlighting the property's strong appeal and prime location. It previously enjoyed decades of success as a hair salon for approximately 40 years. It is move-in ready and offers excellent flexibility for a wide variety of business ventures. For added convenience, the commercial space includes two bathrooms, providing functionality and comfort for staff and clients alike. There is also plenty of parking available on-site for both tenants and customers, ensuring easy access and convenience for everyone.
Upstairs, you'll find two spacious 3-bedroom, 1-bath apartments, each with large private decks for relaxing and enjoying the peaceful setting. In one unit, the laundry room was converted from a bedroom and could be reverted back with some adjustments. Both apartments are occupied by excellent tenants, including one long-term tenant of over 8 years, and both would be very happy to stay (tenants pay their own utilities). Total monthly rent is $4,300, including a newly signed lease with a chain store for the commercial space. This property offers a strong investment opportunity, a rare find like this doesn't come along often!
Perfect for those who value proximity to nature, scenic beauty, and outdoor adventure. This location is truly special, enjoy being just a short walk from the stunning Torbay Beach and the world-famous East Coast Trail, named by National Geographic as one of the top adventure destinations in the world!
The main level features a bright, modern, and extensively renovated commercial space that has been recently leased to a well-established chain store, highlighting the property's strong appeal and prime location. It previously enjoyed decades of success as a hair salon for approximately 40 years. It is move-in ready and offers excellent flexibility for a wide variety of business ventures. For added convenience, the commercial space includes two bathrooms, providing functionality and comfort for staff and clients alike. There is also plenty of parking available on-site for both tenants and customers, ensuring easy access and convenience for everyone.
Upstairs, you'll find two spacious 3-bedroom, 1-bath apartments, each with large private decks for relaxing and enjoying the peaceful setting. In one unit, the laundry room was converted from a bedroom and could be reverted back with some adjustments. Both apartments are occupied by excellent tenants, including one long-term tenant of over 8 years, and both would be very happy to stay (tenants pay their own utilities). Total monthly rent is $4,300, including a newly signed lease with a chain store for the commercial space. This property offers a strong investment opportunity, a rare find like this doesn't come along often!
Location
Province NL
Zoning Mix
Interior
Heating Electric, Oil, Radiant
Cooling Electric, Oil, Radiant
Inclusions 2 Fridges, 1 Stove, 1washer and 1 Dryer
Exterior
Roof Type Shingle - Asphalt
Building
Sewer Municipal
Water Municipal
Read Less Info
NEARBY SCHOOL & BUSINESS
GET MORE INFORMATION
