Multi Family · MLS® 1297036

218 Water Street

Carbonear, NL A1Y 1C2

$599,900

CAD

Days on market: 12
1950
Year Built

About This Property

Located in the heart of Carbonear, this exceptional mixed-use property offers a rare investment opportunity with 5 apartment units generating approximately $49,500 annual rental income. The commercial main floor has operated successfully as a restaurant for decades and comes fully equipped with most restaurant equipment and apartment appliances included in the sale. Whether you’re looking to expand your business, open your own restaurant, or add a strong income-producing property to your portfolio, the possibilities here are endless. The sale includes the building, property, and contents only not the business or business name. A full list of included items is available upon request. Apartments are rented and occupied, and pictures can be provided upon request.

Virtual tour

Street view

Imagery © Google — Open full panorama in Google Maps

Property Details

Property TypeMulti Family
StatusActive
MLS®1297036
HeatingBaseboard, Electric
FoundationConcrete
Postal CodeA1Y 1C2
Listed2026-05-08
Updated2026-05-11

Location

Listing courtesy of RE/MAX Eastern Edge Realty Ltd. - Bay Roberts — NLAR MLS® #1297036

Keep Exploring

Keep exploring — more options below.

The information contained on this page is based in whole or in part on information that is provided by members of The Canadian Real Estate Association, who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members and assumes no responsibility for its accuracy. Listings are updated daily. Royal LePage Turner Realty (2014) Inc. is a member of The Canadian Real Estate Association.

REALTOR®, REALTORS®, and the REALTOR® logo are certification marks owned or controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service®, and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.