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$1,599,900
Newfoundland & Labrador,Marystown
For Sale Active
155 Marine Drive, Marystown, Newfoundland & Labrador A0E2M0
  • 14,158 Sqft
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Basic Details
Description

Very well maintained 16 unit Apartment Building that consists of 8 two-bedroom (686 sq ft) and 8 three bedroom (834 sq ft) 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:62650)

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Basic Details
  • Property Type: Residential Income
  • Listing Type: For Sale
  • Listing ID: 1287701
  • Price: $1,599,900
  • Square Footage: 14,158 Sqft
  • Year Built: 1975
  • Status: Active
  • Property Sub Type: Multi-family
  • Office Key: 275242
Features & Appliances
Features
  • Heating System: Baseboard heaters, Electric
  • Flooring: Laminate, Carpeted
Address Map
  • Location: CA, Newfoundland & Labrador, Marystown, A0E2M0
  • Street: Marine
  • Street Number: 155
  • Street Suffix: Drive
  • Longitude: W56° 51' 37.2''
  • Latitude: N47° 9' 52''
Additional Information
  • Business Type: Residential
  • Lot Size Dimensions: .6 Acre
  • Stories: 4.0
Financial
  • Tax Annual Amount: 4074
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Listing updated: 2026-07-03 05:17:14
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Listing Information
  • List Agent Key: 1572008
  • List Office Key: 275242
  • Modification Timestamp: 2026-06-16T16:50:02Z
  • Originating System Name: Newfoundland & Labrador Association of REALTORS®
  • Status Change Timestamp: 2026-06-16T16:41:13Z
Powered by REALTOR.ca
Listing updated: 2026-07-03 05:17:14
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