503-507 Ville Marie Drive
Marystown, Newfoundland & Labrador
MLS® 1287703
$1,599,900
- Status
- Active
- Property type
- Multi-family
- MLS® number
- 1287703
- Bedrooms
- —
- Bathrooms
- —
- Year built
- 1975
Listing description
The Bayview is a well maintained 16 unit Apartment Building that consists of 8 two-bedroom and 8 three-bedroom apartments that have historically been occupied by local mining and fishery companies and include internet, utilities and furnishings including oven, refrigerator, washer & dryer. Property was built in the mid-1970's. Recent interior renovations have the property with an effective age of 15 years.
The . 57 acre lot is zoned ""Residential Traditional Community"" and backs onto the rocky coastline of Creston Inlet. Paved parking with some landscaping and a detached building used for main electrical service (800 amp main panel).
3576 sq ft on level one, two & three and 3430 sq ft in partially above ground basement for a total of 14,158 sq ft. Based on the current pro-forma statement, this property is projected to achieve a capitalization rate (CAP Rate) of 7. 4%, reflecting its potential return on investment relative to the purchase price.
Property summary
- MLS® number
- 1287703
- Property type
- Multi-family
- Building type
- Residential Commercial Mix
- Square footage
- 14,158 sq ft
- Title
- Freehold
- Built in
- 1975
- Annual property taxes
- $4,074.00
- Days on market
- 420 days
Features & details
- Heating
- Baseboard heaters, Electric
- Flooring
- Laminate, Carpeted
- View
- Ocean view, View
- Waterfront
- Waterfront
What would this home cost you?
Based on the $1,599,900 asking price at a 5.00% example rate, semi-annual compounding.
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.