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$465,000 total
—
Asset Class
Multifamily
Size
—
Building class
A
Zoning
RA9 — High Rise
$ / SF
—
Occupancy
99%
Year Built
1935
For sale in the heart of St. Anthony, NL: the iconic Historic Clocktower Building—an established brewery and historic landmark offering 12,838 sq ft of mixed residential and commercial space on a 13,316 sq ft irregular lot at 223-227 West Street. Originally built in 1935 as part of the Grenfell properties and expanded in 1946, the connected buildings now feature the original bells in the tower, a fully operational taproom/bar/restaurant (5,170 sq ft) on the main floor, and a functional 5-barrel brewhouse with all equipment included in the basement. Renovated over the past 8 years, upgrades include a new roof (2017), refrigerated rooms on both floors, cold storage, ground-level delivery entrance with covered porch, updated office space, a wheelchair-accessible ramp and bathrooms, fire alarm system throughout, fire exit hallway and door, fully upgraded electrical with division potential, AED in hallway, and landscaping to create a waterfront seating area. The building also features a 900 sq ft studio apartment with bathroom, laundry, and appliances. Approximately 6,780 sq ft has been renovated, and architectural drawings are available for future development. This stand-alone property is serviced by town water and sewer and includes a private unpaved parking lot. Zoned for multiple uses—bar, brewery, distillery, lounge, restaurant, café, B&B, apartment rental, or boutique hotel—this prime location is across from the hospital, next to a grocery store, and within walking distance to major tourism attractions and just 50 km from the airport. St. Anthony thrives on seasonal tourism (May–October) and offers stable off-season rental income from healthcare workers and patients. Surrounded by nature, this vibrant fishing community is ideal for outdoor activities including hiking, kayaking, fishing, hunting, and skiing. A rare investment and business opportunity with rich history and strong potential. The building is sold as is where is. (id:66811)
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Monthly debt service
$2K
Projected NOI
$24K
Annual cash flow
$-2K
Cash-on-cash
-1.28%
DSCR
0.93
Going-in cap
5.16%
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.
Trade area within 3 miles of the property.
Population
100,299
Households
44,873
Median income
$98,500
Median age
44.4
Daytime population
88,770
5-yr growth
9%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 223-227 West Street, St. Anthony.
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.