Button CopyPathCircle CloseCircle Left ArrowArrow Down Icon GreyClosecirclecircleBurger
Royal LePage
Royal LePage
Image 1
$1,599,900

Marystown NL, A0E 2M0

MLS® # 1287703

Property Information:

The Bayview is a well maintained 16 unit Apartment Building that consists of 8 two-bedroom and 8 three-bedroom apartments that have historically been occupied by local mining and fishery companies and include internet, utilities and furnishings including oven, refrigerator, washer & dryer. Property was built in the mid-1970's. Recent interior renovations have the property with an effective age of 15 years. The .57 acre lot is zoned "Residential Traditional Community" and backs onto the rocky coastline of Creston Inlet. Paved parking with some landscaping and a detached building used for main electrical service (800 amp main panel). 3576 sq ft on level one, two & three and 3430 sq ft in partially above ground basement for a total of 14,158 sq ft. Based on the current pro-forma statement, this property is projected to achieve a capitalization rate (CAP Rate) of 7.4%, reflecting its potential return on investment relative to the purchase price. (id:27)

Building Features:

  • Style: Multiplex
  • Building Type: Residential Commercial Mix
  • Floor Space: 14158 sqft
  • Flooring Type: Laminate, Carpeted
  • Heating Type: Baseboard heaters
  • Heating Fuel: Electric

Property Features:

  • OwnershipType: Freehold
  • Property Type: Multi-family
  • Amenities Nearby: Recreation, Shopping
  • Built in: 1975
  • Floor Space (approx): 14158 Square Feet
  • Landscape Features: Landscaped
  • View Type: Ocean view, View
  • Zoning: Res Traditional

Courtesy of: RE/MAX Infinity Realty Inc.

REALTOR.ca  

More Detail
Less Detail

⚠ Potential Investment Performance

There is not enough data on this property to provide a potential investment performance at this time, please click the button below for an in-person valuation

Market Price Trends

1 year changes compare the same month from the previous year. Find an agent in this area to receive more information.

Location of 503-507 Ville Marie Drive, Marystown, Newfoundland & Labrador, A0E 2M0

Demographic Information of 503-507 Ville Marie Drive, Marystown, Newfoundland & Labrador, A0E 2M0

Life Stage

Older Couples

Employment Type

Blue Collar/Primary

Average Household Income

$88,863.85

Average Number of Children

1.49

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

20.19 %

High school certificate or equivalent

23.63 %

Apprenticeship trade certificate/diploma

13.38 %

College/non-university certificate

29.85 %

University Degree

12.95 %

Commuter

Travel To Work

By Car

91.88 %

By Public Transit

0.0 %

By Walking

0.0 %

By Bicycle

0.0 %

By Other Methods

8.12 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

8.56 %

Houses

91.44 %

Own Vs. Rent

More Detail
Less Detail