2 Lemarchant Road
St. John's, Newfoundland & Labrador A1C2G5

6 beds · 4 baths · 3720 sqft

Welcome to this impressive and versatile 3-story building located in the centrally located and prime area on the corner of Lemarchant and Freshwater road. This exceptional property offers a unique opportunity for those seeking a combination of commercial and residential spaces. As you step into the main level, you'll be greeted by the business space that boasts ample square footage and excellent visibility to attract a steady stream of customers. The layout and available storage provides endless possibilities for various types of businesses, whether it be a retail store, boutique, office space, or even a restaurant with minor modifications. The current business is well established and has been a reliable long term tenant! Ascending to the upper floor, you'll discover a spacious apartment that provides a peaceful oasis away from the bustling commercial activity below. This residence features 4-6 bedrooms, 1.5 bathrooms, a large kitchen, and a comfortable living area. Large windows flood the space with natural light and a view of Downtown St. John's creating a warm and inviting ambiance throughout. One of the highlights of this property is its central location, which ensures easy accessibility and maximum exposure for your business. Situated in the heart St. John's, you'll find yourself surrounded by a plethora of amenities, including popular restaurants, cafes, shops, and entertainment venues. Whether you're an entrepreneur looking to establish your business in a prime location while enjoying the convenience of living on-site, an investor seeking an income-generating property, or someone interested in converting the space to suit their unique needs, this centrally located 3-story building offers endless possibilities. Don't miss out on this incredible opportunity to own a property that combines commercial potential with comfortable living arrangements. Schedule a showing today and envision the possibilities that await in this centrally located gem! (id:39198)

Facts & Features

Building Type Two Apartment House, Semi-detached

Year built 1930

Square Footage 3720 sqft

Stories

Bedrooms 6

Bathrooms 4

Parking

Neighbourhood

Land size 1505.87sq/ft|0-4,050 sqft

Heating type Baseboard heaters

Basement type

Parking Type

Time on REALTOR.ca297 days

This home may not meet the eligibility criteria for Requity Homes. For more details on qualified homes, read this blog.

Brokerage Name: 4 Percent Real Estate Professionals Inc.

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Home price

$339,900

Start with 2% down and save toward 5% in 3 years*

* Exact down payment ranges from 2-10% based on your risk profile and will be assessed during the full approval process.

$3,092 / month

Rent $2,734

Savings $358

Initial deposit 2%

Savings target Fixed at 5%

Start with 5% down and save toward 5% in 3 years.

$2,725 / month

Rent $2,651

Savings $74

Initial deposit 5%

Savings target Fixed at 5%