332 Marine Drive Little Bay, Newfoundland & Labrador A0E 1N0
$299,000
If you’ve been searching for a property with exceptional versatility and income potential, this approximately 3,000 sq. ft. building offers an opportunity worth exploring. Currently configured with a convenience/fabric store, a former hair salon and an existing residential unit, the building lends itself to a variety of future uses. Please note that the existing business is not included in the sale. The second floor features an approximately 875 sq. ft., 3-bedroom, 1-bathroom residential unit that could provide immediate rental income, with an estimated rental potential of approximately $1,500 per month. On the main floor, a separate area formerly operated as a hair salon provides another opportunity. With some reconfiguration and expansion into adjoining space, this area could potentially be converted into a comfortable 2-bedroom apartment. The large main store area offers even more possibilities and could potentially become a third residential unit. For someone interested in an investment property, the building could potentially be transformed into a three-unit residential property, subject to municipal approvals, zoning and any required permits. Prefer a commercial component? The main level could continue to accommodate a convenience store or potentially another type of business while maintaining residential rental income above. The property also has two separate basement areas, one with a concrete floor and the other with a gravel floor, providing plenty of additional storage and utility space. And then there’s the view! The spectacular surroundings add another dimension to the property and could make future residential units especially appealing. Whether your vision is residential, commercial, income-producing, or a combination of all three, this property provides a unique opportunity to create something that works for you. With an existing residential unit and substantial space available for redevelopment, there are plenty of possibilities to explore. (id:48808)
Property Details
| MLS® Number | 1302606 |
| Property Type | Multi-family |
| Amenities Near By | Recreation, Shopping |
| Equipment Type | None |
| Rental Equipment Type | None |
| View Type | Ocean View, View |
Building
| Bathroom Total | 3 |
| Bedrooms Above Ground | 3 |
| Bedrooms Total | 3 |
| Appliances | Refrigerator, Stove |
| Architectural Style | 2 Level |
| Constructed Date | 1976 |
| Construction Style Attachment | Detached |
| Exterior Finish | Vinyl Siding |
| Flooring Type | Laminate, Other |
| Foundation Type | Concrete, Poured Concrete |
| Half Bath Total | 2 |
| Heating Fuel | Electric |
| Heating Type | Baseboard Heaters |
| Roof Material | Asphalt Shingle |
| Roof Style | Unknown |
| Size Interior | 3499 Sqft |
| Type | Other |
| Utility Water | Municipal Water |
Land
| Access Type | Year-round Access |
| Acreage | No |
| Land Amenities | Recreation, Shopping |
| Landscape Features | Landscaped |
| Sewer | Municipal Sewage System |
| Size Irregular | 100 X 80 |
| Size Total Text | 100 X 80|4,051 - 7,250 Sqft |
| Zoning Description | Residential |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Second Level | Bath (# Pieces 1-6) | 13.1 x 5.2 | ||
| Second Level | Bedroom | 10.1 x 11.1 | ||
| Second Level | Bedroom | 10.1 x 11.3 | ||
| Second Level | Primary Bedroom | 9.1 x 14.7 | ||
| Second Level | Living Room | 15.1 x 13.1 | ||
| Second Level | Dining Room | 13.1 x 5.5 | ||
| Second Level | Kitchen | 13.1 x 8.2 | ||
| Main Level | Other | 4.1 x 6.1 | ||
| Main Level | Other | 6.1 x 9.2 | ||
| Main Level | Other | 9.0 x 6.3 | ||
| Main Level | Other | 7.8 x 24.1 | ||
| Main Level | Bath (# Pieces 1-6) | 5.4 x 4.4 | ||
| Main Level | Other | 5.4 x 5.2 | ||
| Main Level | Other | 9.11 x 9.7 | ||
| Main Level | Other | 18.7 x 8.9 | ||
| Main Level | Other | 51.1 x 29.2 |
https://www.realtor.ca/real-estate/30223665/332-marine-drive-little-bay
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September 02 2026 12:21:49
The Newfoundland & Labrador Association of REALTORS®
Keller Williams Platinum Realty