288 Lemarchant Road photo 11 / 20

MLS #1296570

288 Lemarchant Road

St John's

$295,000

1,945 sqft
Office
Source Listing

Property Details

Commercial Office + Residential Apartment – Prime Central Location Position your business for success in the heart of central St. John's with this versatile mixed-use property. Ideal for owner-occupiers or investors, this well-located building offers a functional commercial layout on the main level and a self-contained residential unit above. The main floor features a bright and efficient office space, including two private offices, a convenient half bathroom, and a kitchen area suitable for staff use. The layout supports a variety of professional or service-based businesses. At the rear of the property, you’ll find dedicated parking, a valuable asset in this central location. Upstairs, the property includes a 1-bedroom apartment, perfect for rental income, live-work flexibility, or staff accommodation. The unit offers a comfortable layout with separate living space and privacy from the commercial area below. Located close to key amenities, public transit, and high-traffic areas, this property combines visibility, accessibility, and income potential. Key Features: Mixed-use commercial/residential building Two office spaces on main level Half bathroom + staff kitchen Rear parking access Self-contained 1-bedroom apartment upstairs Prime central location A rare opportunity to own a flexible property in one of the city’s most convenient areas. (id:66441)

Cost To Own

Down payment and monthly ownership estimate

Start with the listing price, then adjust the financing and monthly carrying costs for a practical estimate.

Purchase Price$295,000
Down Payment - 5%$14,750
Interest Rate5.25%

Amortization

Estimated Monthly Cost

$2,388

Mortgage Payment
$1,679
Property Tax
$209
Insurance
$150
Utilities
$350
Down Payment
$14,750
Loan Amount
$280,250
Total Interest
$223,568

Estimate only. Final payments depend on lender approval, taxes, insurance, closing costs, and mortgage insurance when applicable.

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