For Sale: 155 Marine Drive, Marystown, NL - REW
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$1,599,900
0 bd • ba • 14158 sf • Multifamily
155 Marine Drive
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$1,599,900

155 Marine DriveMarystown, NL, A0E 2M0

  • 0 Bed
  • Bath
  • 14158 Sqft
  • Multifamily

About this home

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:63626)
Listed by: Jim Burton, RE/MAX Infinity Realty Inc.

Home facts and features

Price details
List Price
$1,599,900
Gross Taxes for 2025
$4,074
Home facts
Bedrooms
0
Full Bathrooms
Property Type
Multifamily
Depth
Year Built
Built in 1975 (51 yrs old)
Title
Freehold
Heating Type
Baseboard heaters, Electric
Agent details
Primary Agent
Primary Broker
RE/MAX Infinity Realty Inc.
Secondary Agent
Secondary Broker
RE/MAX Infinity Realty Inc.
Listing details
Days on REW
196 Days
MLS® Number
1287701
Source
Canadian Real Estate Association

Mortgage Calculator

Estimated Payments
Purchase Price
Mortgage Total
Down Payment
Amortization
25 Years
Interest Rate
3.99%

The displayed rates are provided as guidance only, are not guaranteed, or are to be considered an approval of credit. Approval will be based solely on your personal situation. You are encouraged to speak with a Mortgage Professional for the most accurate information and to determine your eligibility.

Property Insights

Port Elgin Regional School
  • n/a
  • K - 8
  • In Catchment
École Donat-Robichaud
  • n/a
  • K - 8
  • In Catchment
Tantramar Regional High School
  • n/a
  • 9 - 12
  • In Catchment
Marshview Middle School
  • n/a
  • 5 - 8
  • In Catchment
Sackville Christian Academy
  • n/a
  • K - 12
  • In Catchment
Salem Elementary School
  • n/a
  • K - 4
  • In Catchment
Polyvalente Louis-J.-Robichaud
  • n/a
  • 9 - 12
  • In Catchment
École Mgr-François-Bourgeois
  • n/a
  • K - 8
  • In Catchment
Dorchester Consolidated School
  • n/a
  • K - 8
  • In Catchment
École Abbey-Landry
  • n/a
  • K - 8
  • In Catchment
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Call Agent
Jim Burton
Phone:
(709) 682-8663
Office:
709-834-2066
Evan King
Phone:
(709) 727-9838
Office:
709-834-2066
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