For Sale: 332 Marine Drive, Marystown, NL

About this home

If you’ve been searching for a property with exceptional versatility and income potential, this approximately 3,000 sq. ft. building offers an opportunity worth exploring. Currently configured with a convenience/fabric store, a former hair salon and an existing residential unit, the building lends itself to a variety of future uses. Please note that the existing business is not included in the sale. The second floor features an approximately 875 sq. ft., 3-bedroom, 1-bathroom residential unit that could provide immediate rental income, with an estimated rental potential of approximately $1,500 per month. On the main floor, a separate area formerly operated as a hair salon provides another opportunity. With some reconfiguration and expansion into adjoining space, this area could potentially be converted into a comfortable 2-bedroom apartment. The large main store area offers even more possibilities and could potentially become a third residential unit. For someone interested in an investment property, the building could potentially be transformed into a three-unit residential property, subject to municipal approvals, zoning and any required permits. Prefer a commercial component? The main level could continue to accommodate a convenience store or potentially another type of business while maintaining residential rental income above. The property also has two separate basement areas, one with a concrete floor and the other with a gravel floor, providing plenty of additional storage and utility space. And then there’s the view! The spectacular surroundings add another dimension to the property and could make future residential units especially appealing. Whether your vision is residential, commercial, income-producing, or a combination of all three, this property provides a unique opportunity to create something that works for you. With an existing residential unit and substantial space available for redevelopment, there are plenty of possibilities to explore. (id:63626)

Listed by: Denise Butler, Keller Williams Platinum Realty

Home facts and features

Price details

List Price

$299,000

Gross Taxes for 2026

$2,318

Home facts

Bedrooms

Full Bathrooms

Partial Bathrooms

Property Type

Multifamily

Depth

Year Built

Built in 1976 (50 yrs old)

Title

Freehold

Style

2 Level

Exterior Finish

Vinyl siding

Heating Type

Baseboard heaters, Electric

Appliances

Refrigerator, Stove

Agent details

Primary Agent

Denise Butler

Primary Broker

Keller Williams Platinum Realty

Listing details

Days on REW

57 Days

MLS® Number

1302606

Source

Canadian Real Estate Association

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Property Insights

Schools nearby

2 Schools are within 4km

Sacred Heart Academy

n/a
K - 7
In Catchment

Marystown Central High

n/a
10 - 13
In Catchment

332 Marine DriveMarystown, NL, A0E 1N0