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For Sale · Specialty

10 Atlantic Street, Marystown

10 Atlantic Street, Marystown, Newfoundland & Labrador A0E2M0

$218,000 total

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Asset Class

Specialty

Size

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Building class

A

Zoning

DC2 — Site Specific

$ / SF

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Occupancy

86%

Year Built

1986

About this property

This versatile three-unit home offers incredible income potential in a highly walkable location. The main floor features two distinct living spaces: a spacious 2-bedroom, 1-bath unit and a secondary 1-bedroom, 1-bath unit. The lower level houses a 2-bedroom, 1-bath basement suite, providing excellent flexibility for renters. Major updates provide peace of mind, including a new electrical panel (2019) electric heat, and roofing shingles (2010). A new septic tank was installed in January 2025. Ideally situated within walking distance to shopping and recreation, this well-maintained property is a turnkey addition to any real estate portfolio. (id:66811)

Financial sandbox

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Estimate
Purchase price$218K
Down payment30% · $65K
Interest rate6.25%
Amortization25 years
Occupancy86%
Expense growth2.5%

Monthly debt service

$1K

Projected NOI

$14K

Annual cash flow

$2K

Cash-on-cash

2.97%

DSCR

1.16

Going-in cap

6.43%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

91,842

Households

38,301

Median income

$87,000

Median age

42.4

Daytime population

139,205

5-yr growth

4.7%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 10 Atlantic Street, Marystown.

NDA required

  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.