225 Water Street, Saint Andrews, NB E5B1B3
225 Water Street, Saint Andrews, NB E5B1B3
225 Water Street, Saint Andrews, NB E5B1B3
225 Water Street, Saint Andrews, NB E5B1B3
225 Water Street, Saint Andrews, NB E5B1B3
225 Water Street, Saint Andrews, NB E5B1B3
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Deanna Jones

Deanna Jones

+1(250) 486-1889
$ 1,999,900
Est. payment | /mo

6,954 SqFt

Save
$ 1,999,900
Est. payment | /mo
Save

6,954 SqFt

Key Details

Property Type Commercial

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Approx. Sqft 6954

Square Footage 6,954 sqft

Price per Sqft $287

MLS® Listing ID NB126689

Year Built 1849

Lot Size 0.360 Acres

Acres 0.36

Property Sub-Type Freehold

Property Description

An exceptional opportunity to acquire a substantial waterfront property in the heart of downtown St. Andrews by-the-Sea. Properties offering this combination of location, waterfront, existing income and future potential are rarely available in the towns commercial core. Situated directly on Water Street, this mixed-use property offers an established commercial space at street level together with three residential units above, valuable waterfront land extending toward the harbour, direct connection toward Market Square, and parking for three vehicles. While the property currently accommodates a full-service restaurant, the real opportunity extends well beyond its present use. For an investor or developer with vision, the size and configuration of the property may present possibilities to further enhance its commercial and residential income, explore additional accommodations or rental units, expand or reimagine portions of the existing property, or create an entirely new mixed-use concept that takes full advantage of its exceptional downtown waterfront setting, subject to all applicable approvals. The existing building provides considerable infrastructure from which to begin. The main level includes a large commercial space, full commercial kitchen, bar, public washrooms and an expansive waterfront patio. Above are three residential units, including two two-bedroom apartments with outstanding harbour and wharf views, while the third one-bedroom unit is presently used for office and storage purposes. Continue the existing operation, reposition the commercial space, increase residential or accommodation income, or investigate a larger redevelopment vision. Development possibilities are subject to municipal, planning, heritage and other applicable approvals. Buyers are encouraged to complete their own due diligence regarding their intended use. Don't buy it for what it is. Buy it for where it is, what comes with it, and what it could become. (id:24570)

Location

Province NB

Lake Name Saint Andrews Harbour

Rooms

Kitchen 0.0

Interior

Heating Baseboard heaters, Heat Pump,

Cooling Heat Pump

Exterior

Parking Features No

View Y/N Yes

View Ocean view

Attached Garage No

Garage No

Private Pool No

Building

Lot Description Landscaped

Water Saint Andrews Harbour

Others

Ownership Freehold

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Listed by Fundy Bay Real Estate Group Inc.

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Deanna Jones

"After more than a decade of helping people buy and sell homes throughout the Okanagan, from Osoyoos to the Shuswap, I understand that every move is personal. Whether you are buying, selling, or simply exploring your options, I would be happy to help you reach your real estate goals. "

+1(250) 486-1889

deanna.jones@exprealty.com

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225 Water Street