168 Water Street

Prime Downtown Investment Opportunity! Welcome to 168 Water Street, a landmark property in the vibrant core of historic St. John’s. This three-unit brick building combines timeless character with exceptional investment appeal. Featuring two self-contained 710 sq. ft. apartments (POU) and a 1,029 sq. ft. commercial storefront leased to Darth Vapor, it offers a strong tenant mix and dependable income. Situated directly on Water Street, the city’s most iconic commercial corridor, this property benefits from its prime downtown location near major banks, financial institutions, office towers, courts, and legal centres. It’s also surrounded by top restaurants, tour boat facilities ??, boutique shops, hotels, and entertainment venues, ensuring steady foot traffic and year-round activity. With annual income exceeding $57,000, low operating expenses, and a cap rate firmly in the double digits, 168 Water Street presents an outstanding opportunity to anchor your portfolio in one of St. John’s most sought-after districts. (id:9704)