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MLS® 1302606

Overview

Key Facts

Type 
Levels Residential Income
Size 3499 sqft
Garage 
Taxes $2,318
Days Active 41
Lot Size 
Approx. Age 1976
Avg. Price Per Sqft $85
MLS® Number 1302606

Property Address: 332 Marine Drive, Little Bay, NL, A0E1N0

Average square foot calculated using Size range provided by listing agent.

Description

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:58753)Show Description
MLS® Number1302606
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1976
Basement
Driveway
Garage Spaces
HeatBaseboard heaters, Electric
A/C

Extras

Rooms

Show Details
Bedroom 1:Second Floor11.25 × 10.09 ft
Master Bedroom:Second Floor14.59 × 9.09 ft
Other:Main Floor29.17 × 51.09 ft
Dining Room:Second Floor5.42 × 13.09 ft
Kitchen:Second Floor8.17 × 13.09 ft
Other:Main Floor4.34 × 5.34 ft
Living Room:Second Floor13.09 × 15.09 ft

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