Business For Sale · Multifamily

411 Marble Drive, Little Rapids

411 Marble Drive, Little Rapids, Newfoundland & Labrador A2H2N2

$1.3M total

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Asset Class

Multifamily

Size

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Building class

A

Zoning

RA9 — High Rise

$ / SF

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Occupancy

83%

Year Built

1994

About this property

**A RARE WATERFRONT TOURISM INVESTMENT OPPORTUNITY!** A proven 30-year operating history as a successful short-term accommodation business, offering an exceptional opportunity to own 3 Chalets on almost 1 acre of waterfront land and expand a turnkey tourism destination on the banks of the famous Humber River. This property features 3 fully furnished chalets,  each approximately 1,000 sq. ft. with 2 bedrooms, a full kitchen and a 3-piece bathroom, offering guests beautiful waterfront views and direct access to one of Western Newfoundland’s premier salmon-fishing rivers. Each chalet is completely furnished, can sleep up to 6 and ready to generate income from day one. The property is equipped with a commercial-grade treatment plant already in place for future expansion, providing significant potential for future growth. A 400-amp electrical service supplies 100-amp service to each existing chalet. The location is ideal for attracting tourists year-round: approximately 10 minutes to Marble Mountain, offering world-class skiing and outdoor recreation; 30 minutes to Deer Lake Regional Airport; and approximately 1 hour to Gros Morne National Park. Whether you're looking to continue the established short-term accommodation business, expand the existing operation, or capitalize on Western Newfoundland's growing tourism market, this waterfront property offers an incredible combination of proven income potential, expansion opportunities, prime location and natural beauty. Three turnkey chalets. A proven 30-year history. Room to grow. And the Humber River right at your doorstep. This isn’t just a property—it’s an opportunity!! Sellers direction in place. No Conveyance of any written signed offers prior to September 18, 2026 1pm. Remain open for acceptance until September 18, 2026 at 6pm (id:66811)

Financial sandbox

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Estimate
Purchase price$1.25M
Down payment30% · $375K
Interest rate6.25%
Amortization25 years
Occupancy83%
Expense growth2.5%

Monthly debt service

$6K

Projected NOI

$47K

Annual cash flow

$-23K

Cash-on-cash

-6.04%

DSCR

0.67

Going-in cap

3.73%

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

125,814

Households

55,936

Median income

$68,000

Median age

42.9

Daytime population

208,700

5-yr growth

2.7%

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

Secure deal room

Confidential diligence documents for 411 Marble Drive, Little Rapids.

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.