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Renanza Realty
For sale

3 Bayview Street

Fortune, Newfoundland & Labrador

MLS® 1301910

$325,000

Status
Active
Property type
Office
MLS® number
1301910
Bedrooms
—
Bathrooms
—
Year built
1975

Listing description

Great investment opportunity in the heart of Fortune NL. This 4,294 sq. ft.

commercial building features a strong combination of established rental income and owner-operator business potential, making it an ideal opportunity for investors, entrepreneurs, or anyone looking to diversify their portfolio. The front portion of the building is leased to Canada Post, providing dependable rental income through an existing 4-year lease, with an option to renew for an additional 10 years. Having a nationally recognized tenant offers stability and peace of mind for years to come.

There is a tax preparation business currently in the building that is also for sale in addition to this listing if interested in purchasing both. Beyond its current use, the property offers excellent expansion and revenue opportunities. The rear section includes additional space that could be developed into another rental unit or customized for a variety of commercial uses, including:Café or coffee shop, Gift and souvenir store, Professional offices, Hair or beauty salon, Fitness studio.

Perfectly situated in the centre of Fortune, the property is just steps from the St. Pierre and Miquelon Ferry terminal. This strategic location captures both local traffic and seasonal visitors, creating exceptional potential for businesses catering to ferry passengers and tourists.

Whether you're looking for a commercial property with dependable income, a business you can step into immediately, or an investment with room to grow, 3 Bayview Street offers a rare opportunity to own a versatile commercial asset in one of Newfoundland's gateway communities.

Property summary

MLS® number
1301910
Property type
Office
Building type
Retail
Size
4,294 sq ft
Title
Freehold
Land size
11786
Built in
1975
Days on market
41 days

Features & details

Heating
Electric, Mini-Split
Flooring
Other, Mixed Flooring, Concrete Slab
View
Ocean view
Waterfront
Waterfront

What would this home cost you?

Based on the $325,000 asking price at a 5.00% example rate, semi-annual compounding.

Estimated monthly payment$1,512 /mo

Unlock the Complete Cost Breakdown for this Home

Land transfer taxes, closing costs and buyer rebates for this exact price — plus an advisor to confirm what you qualify for.

Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.

Listing courtesy of RE/MAX Infinity Realty Inc., Conception Bay South.

The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.

The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.