503-507 Ville Marie Drive Marystown, Newfoundland & Labrador A0E 2M0
$1,599,900
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:49203)
Business
| Business Type | Residential |
| Business Sub Type | Residential |
Property Details
| MLS® Number | 1287703 |
| Property Type | Multi-family |
| Amenities Near By | Recreation, Shopping |
| View Type | Ocean View, View |
Building
| Constructed Date | 1975 |
| Flooring Type | Laminate, Carpeted |
| Heating Fuel | Electric |
| Heating Type | Baseboard Heaters |
| Stories Total | 4 |
| Size Interior | 14,158 Ft2 |
| Type | Residential Commercial Mix |
Land
| Acreage | No |
| Land Amenities | Recreation, Shopping |
| Landscape Features | Landscaped |
| Size Total Text | .5 - 9.99 Acres |
| Zoning Description | Res Traditional |
https://www.realtor.ca/real-estate/28585657/503-507-ville-marie-drive-marystown
Contact Us
Contact us for more information
Jim Burton, Fri
(709) 834-8601
www.infinitynl.ca/
jim.burton.180410@facebook.com/
ca.linkedin.com/pub/jim-burton/1a/3b/503/
twitter.com/jimburtonnl
434 Conception Bay Hwy
Conception Bay South, Newfoundland & Labrador A1X 2B7
(709) 834-2066
(709) 834-8601
remaxinfinity.ca/
Evan King
(709) 834-8601
www.evankingrealtor.com/
www.facebook.com/evankingrealtor
www.linkedin.com/in/evan-king-233918107/
434 Conception Bay Hwy
Conception Bay South, Newfoundland & Labrador A1X 2B7
(709) 834-2066
(709) 834-8601
remaxinfinity.ca/
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are 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 are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
November 24 2025 04:57:18
Newfoundland & Labrador Association of REALTORS®
RE/MAX Infinity Realty Inc.