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152 Water Street, St. John's, Newfoundland & Labrador, A1C 1A9

MLS® # 1282030
Commercial For Sale In Downtown St. John's, St. John's, Newfoundland and Labrador
$3,300,000
152 Water Street, St. John'S, NL
152 Water Street, St. John'S, NL
152 Water Street, St. John'S, NL
152 Water Street, St. John'S, NL
152 Water Street, St. John'S, NL
152 Water Street, St. John'S, NL
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ACTIVE
152 Water Street, St. John's, Newfoundland & Labrador, A1C 1A9
$3,300,000

Property Information:

Located in the heart of downtown St. John’s, 152 Water Street presents a premier redevelopment or investment opportunity, offering both strong current rental income and significant future potential. This 33,290 sq. ft. mixed-use building, with 28,128 sq. ft. currently developed for lease, has historically operated as an entertainment center and is surrounded by commercial buildings, making it well-suited for conversion into office, retail, boutique condominiums, or upscale rental apartments. The property offers ample space for a 30-unit residential conversion, with potential for vertical expansion to maximize stunning ocean views. Situated on a 7,276 sq. ft. lot with prime Water Street frontage, this property is located in one of St. John’s most vibrant commercial corridors, surrounded by shops, restaurants, and major urban revitalization projects, such as the Alt Hotel across the street. While the property offers exceptional redevelopment potential, it is still generating strong rental revenue, making it an attractive option for investors who want to hold and lease while planning for future redevelopment. Whether maintained as a cash-flowing asset, converted into modern office space, or developed into a landmark residential project, this property offers exceptional flexibility and long-term value in Newfoundland’s capital. (id:27)

Building Features:

  • Style: Business
  • Building Type: Other
  • Heating Fuel: Electric

Property Features:

  • OwnershipType: Freehold
  • Property Type: Business
  • Access Type: Year-round access
  • Amenities Nearby: Shopping
  • Built in: 1961
  • Irregular: Yes
  • Lot Size: 91 x 83 x 91 x 76
  • View Type: Ocean view
  • Zoning: CDM

Courtesy of: RE/MAX Realty Specialists

REALTOR.ca  

Location of 152 Water Street, St. John's, Newfoundland & Labrador, A1C 1A9

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: Low

22 hot days expected in 2050

Projected Precipitation Risk: High

14 storms expected in 2050

Projected Heat Risk: Low

22 hot days expected in 2050

12/100

Low

ClimateCheck®

Current data

This property, 152 Water Street , experiences 7 hot days per year at around 25.4 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 22 hot days at 27.8 degrees Celsius.

Projected Avg. Temperature

Past
25.4℃
2050
27.8℃

# Hot Days Per Year

Past
7
2050
22

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Precipitation Risk: High

14 storms expected in 2050

84/100

High

ClimateCheck®

Current data

This property, 152 Water Street , experiences 11 significant 2-day storms per year, with about 426.2mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 14 significant 2-day storms with 549.8mm of precipitation per year.

Precipitation Per Storm

Past
426.2mm
2050
549.8mm

48-Hour Storms Per Year

Past
11
2050
14

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

Demographic Information of 152 Water Street, St. John's, Newfoundland & Labrador, A1C 1A9

Life Stage

Young Couples

Employment Type

Service Sector/White Collar

Average Household Income

$139,681.73

Average Number of Children

1.66

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

10.61 %

High school certificate or equivalent

22.36 %

Apprenticeship trade certificate/diploma

2.51 %

College/non-university certificate

15.21 %

University certificate (below bachelor)

1.21 %

University Degree

48.1 %

Commuter

Travel To Work

By Car

63.96 %

By Public Transit

5.75 %

By Walking

27.28 %

By Bicycle

0.41 %

By Other Methods

2.6 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

44.05 %

Houses

55.95 %

Own Vs. Rent