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.
For sale
C$599,900
218 Water Street, Carbonear, NL A1Y1C2
10beds
--baths
5,866sqft
Retail, Multi Family, Single Family Residence
Built in 1950
-- sqft lot
$-- Zestimate®
C$102/sqft
C$-- HOA
What's special
- 89 days |
- 21 |
- 0 |
Zillow last checked:
Listing updated:
Listed by:
Frank Evely,
RE/MAX Eastern Edge Realty Ltd. - Bay Roberts,
Gail Powell,
RE/MAX Eastern Edge Realty Ltd. Carbonear
Source: Newfoundland and Labrador AR,MLS®#: 1297036
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
Heating
- Baseboard, Electric
Cooling
- Electric
Appliances
- Included: Refrigerator, Stove
Features
- Flooring: Carpet, Cushion/Tile/Lino, Laminate
Interior area
- Total structure area: 5,866
- Total interior livable area: 5,866 sqft
Video & virtual tour
Property
Parking
- Parking features: Open
- Has uncovered spaces: Yes
Features
- Levels: Two
- Stories: 2
Lot
- Size: 71 Square Feet
- Dimensions: 71.5 x 82'or 6,038 SqFt
Details
- Zoning description: Mixed
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Retail, Multi Family, Single Family Residence
- Attached to another structure: Yes
Materials
- Clapboard, Stone Exterior, Vinyl Siding
- Foundation: Concrete
- Roof: Shingle - Asphalt
Condition
- Year built: 1950
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Connected, Electricity Connected, High Speed Internet, Phone Connected
Community & HOA
Location
- Region: Carbonear
Financial & listing details
- Price per square foot: C$102/sqft
- Annual tax amount: C$2,078
- Date on market: 5/8/2026
Price history
Price history is unavailable.
Public tax history
Tax history is unavailable.
Climate risks
Neighborhood: A1Y
Nearby schools
GreatSchools rating
No schools nearby
We couldn't find any schools near this home.
Schools provided by the listing agent
- District: Conception Bay North
Source: Newfoundland and Labrador AR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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