$1,599,900
FOR SALE

Multiplex

503-507 Ville Marie Drive
Marystown, NL A0E 2M0

The Bayview is a well maintained 16 unit Apartment Building that consists of 8 two-bedroom and 8 three-bedroom apartments that have historically been occupied by local mining and fishery companies and include internet, utilities and furnishings including oven, refrigerator, washer & dryer. Property was built in the mid-1970's. Recent interior renovations have the property with an effective age of 15 years. The .57 acre lot is zoned ""Residential Traditional Community"" and backs onto the rocky coastline of Creston Inlet. Paved parking with some landscaping and a detached building used for main electrical service (800 amp main panel). 3576 sq ft on level one, two & three and 3430 sq ft in partially above ground basement for a total of 14,158 sq ft. Based on the current pro-forma statement, this property is projected to achieve a capitalization rate (CAP Rate) of 7.4%, reflecting its potential return on investment relative to the purchase price. (id:47421)
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Listed By RE/MAX Infinity Realty Inc.
Data Provided By Newfoundland & Labrador Association of REALTORS®
MLS® Listing Number 1287703
Last Updated Jun 02, 2026
Property Summary
Property Type Multiplex

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Price History

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Detailed Information
Amenities Nearby Recreation, Shopping
Listing Contract Date 2025-07-09
Ownership Type Freehold
Property Type Multi-family
Transaction Type For sale
Views Ocean view, View
Zoning Description Res Traditional
Business
Business Type Residential
Business Subtype Residential
Building
Constructed Date 1975
Flooring Type Carpeted, Laminate
Heating Fuel Electric
Heating Type Baseboard heaters
Stories Total 4
Type Residential Commercial Mix
Land
Total Size .5 - 9.99 acres
Amenities Recreation, Shopping
Landscape Features Landscaped

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