For saleOther

218 Water Street

218 Water Street, Carbonear, Newfoundland & Labrador

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  • Bedrooms0
  • Interior5,866 square feet
  • UpdatedOct 5, 2026
  • Price$499,900

The home

About this property

Located in the heart of Carbonear, this exceptional mixed-use property offers a rare investment opportunity with 5 apartment units generating approximately $49,500 annual rental income. The commercial main floor has operated successfully as a restaurant for decades and comes fully equipped with most restaurant equipment and apartment appliances included in the sale. Whether you’re looking to expand your business, open your own restaurant, or add a strong income-producing property to your portfolio, the possibilities here are endless. A full list of included items is available upon request. Apartments are rented and occupied, and pictures can be provided upon request. (id:67824)

Property information

Details & features

Interior & layout

Bedrooms
0
Bedrooms above grade
0
Bedrooms below grade
0
Living area
5,866 square feet
Fireplace
No
Appliances
Refrigerator, Stove
Flooring
Laminate, Carpeted, Other

Property & lot

Property type
Other
Ownership
Freehold
Structure
Multi-Family
Year built
1,950
Lot dimensions
71.5x82'or 6,038 SqFt
Exterior features
Stone, Vinyl siding, Other
Zoning description
Mixed

Systems & utilities

Heating
Baseboard heaters, Electric
Water source
Municipal water
Sewer
Municipal sewage system
Roof
Asphalt shingle, Unknown
Foundation
Concrete

Taxes & fees

Annual property tax
$2,078
Tax year
2,026

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218 Water Street, Carbonear, Newfoundland & Labrador

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