288 Lemarchant Road, St. John's

About this property

Mixed-Use Conversion Opportunity – Prime Central Location Unlock the full potential of this ideally located property in central St. John's. Currently configured with a commercial office on the main level and a 1-bedroom apartment above, this property presents a compelling opportunity for investors or developers looking to maximize residential income. The main floor layout includes two office spaces, a half bathroom, and a kitchenette area, offering excellent bones for conversion. With thoughtful renovation, the space could be reimagined into a second residential unit—including the potential to add a full bathroom and repurpose the existing half bath into a pantry or storage space, creating a more functional and modern apartment layout. Upstairs, the existing 1-bedroom apartment provides immediate rental potential or can be updated to align with the new vision for the property. The building also benefits from rear parking access, a valuable feature for future tenants in this central location. Positioned close to amenities, transit, and downtown access, this property is well-suited for those looking to transform a mixed-use space into a two-unit residential income property. Key Highlights: Strong conversion potential to two residential units Opportunity to add full bath and redesign main level layout Existing 1-bedroom apartment upstairs Rear parking Central, high-demand location A rare value-add opportunity in the heart of the city—bring your vision and capitalize on the possibilities. (id:66939)