Commerical Property For Sale in Downtown St. John’s

Just listed on 2 Bates Hill a great commercial building opportunity in a prime downtown location. Currently operated as the Granny Bates book store, this 3 storey heritage building is in close proximity to all your needs in the St. John’s downtown area. Approximately 600 sqft per floor the building offers multiple uses from retail store, law firm, office spaces and can even be converted back into a residential home. Great potential to work from the main floor and live on the upper floors. Asking price is $234,900 Call Fraser or Stephen Winters for more information or to setup a private viewing.
Healthy Demand for Housing in St. John’s
CMHC released their Housing Starts Press Release for St. John’s yesterday. Below is a snippet from the release.
ST. JOHN’S, May 19, 2009 – Despite global economic uncertainty, strong economic fundamentals will support demand for housing within the St. John’s region throughout 2009 and 2010, according to Canada Mortgage and Housing Corporation’s Housing Market Outlook – St. John’s report.
Housing starts are expected to end 2009 at 1,550 units, with 1,675 starts forecast for 2010. The resale or MLS® market will post 3,450 sales by the end of this year and reach the 3,575 level in 2010. The average MLS® house price is expected to end the year at $198,000 versus $187,571 in 2008 and increase to $204,000 in 2010.
“The current demand for housing within the St. John’s region is being driven by strong fundamentals such as a buoyant local economy, continued in-migration and solid employment, and is expected to continue throughout 2009 and 2010,” said Chris Janes, senior market analyst with CMHC in Newfoundland and Labrador. “Positive trends in demographic and economic fundamentals, paired with ongoing momentum spurred by recent major project announcements such as Hebron and the Vale Inco Hydromet, will continue to support the outlook for the St. John’s area housing market,” added Janes.
Existing homes in St. John’s Remain Cool Says CMHC
The seller’s market has certainly ended. Inventory has increased approximately 30 per cent and listings are taking longer to sell or expire (never sell during their contract period).
The St. John’s real estate market boomed during 2008, driven mostly by optimism created by the NL Government budget surplus, the Hebron oilfield announcement, and the Vale Inco Hydromet in Long Harbour. In light of this, speculating buyers purchased homes from all price ranges in fear of property values zooming sky high. The market cooled after the third quarter peak in 2008 and remained cool during the first quarter of 2009 causing the seller’s market to weakened into balanced market by the end of 2008.
Prices, however, remain quite stable even during our current cooling market conditions. According to Stats Canada, new housing prices in the capital city area increased by 0.4 per cent in March compared to February.
New listing in Waterford Valley 16 Craigmillar Ave
Fraser & Stephen Winters just listed 16 Craigmillar Ave. Elegant executive 4 bedroom home with mixture of traditional character and contemporary style overlooking Waterford Valley, west end St. John’s. Completely upgraded (plumbing, electrical, roof, cape cod wood siding, vinyl windows, remote control surround sound, heat exchanger and more). Formal dining room and living room with separate family room. Hardwood floors throughout most of home. Kitchen design and featured by “Kitchen Concepts”. Large bathroom with glass enclosed shower and Jacuzzi tub. Main floor laundry. Fenced rear back garden with patio deck and shed. Absolutely charming !!!! Asking price $399,900
Virual Tour of 16 Craigmillar Ave
Just Listed in Airport Heights 16 Turnberry
Just Listed in McNiven Estates, Airport Heights 16 Turnberry Street. 4 bedrooms (3 up and 1 in basement) split entry style home. Eatin country kitchen with patio door to partially fenced backyard, a 10×10 patio deck, and 8 x 10 baby barn. Spacious living room with bay windows. Laminate floors throughout most of home, carpet in bedrooms. Fully developed basement complete with family room, seperate games room, fourth bedroom, 3 piece bathroom, laundry room and storage area with exterior door. Asking price is $237,900. Call Fraser or Stephen Winters for more details or to book an appointment.
View the virtual tour of 16 Turnberry Street.
Great investment property in East End St. John’s
Just listed 564 Newfoundland Drive. (MLS # 143103). Great income property located next to Portugal Cove Road and Newfoundland Drive, near Marine Institute, CONA and MUN. Spacious main floor with 4 bedrooms plus a 2 bedroom in-law apartment with seperate entrance. Main floor has oak kitchen, large living room / dining room area and master bedroom with ensuite. In-law apartment has a nice oak eat-in kitchen, spacious living room with patio door to backyard deck. Laundry facilities in each unit. Asking price is $232,900. Call Fraser or Stephen Winters for more information.
Check out the virtual tour of 564 Newfoundland Drive.
Relocating to St. John’s Newfoundland
We’ve been receiving a number of emails and phone calls from people looking to relocate to St. John’s recently. Seems to be a lot of Newfoundlanders looking to make the move back to The Rock and others from across Canada and the United States transferring to St. John’s for work and employment. A little different for Realtors in St. John’s, as we are normally assisting clients transferring and relocating to Toronto, Ottawa, Calgary or Fort Mac. It’s great to see the influx of people.
Remember, we are experts in relocation and would love to assist you with your move to St. John’s, Mount Pearl or any of the surrounding areas. Along with our complete relocation package we offer exceptional personal service to put your mind at ease. We will put you directly in touch with our local real estate market by providing you with new MLS listings emailed daily.











