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122 Main Street
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Beds
—
Baths
—
Sqft
2,959
Year
1900
Type
Other
On market
28d
Waterfront Investment Opportunity Turnkey Airbnb with Expansion Potential Welcome to this stunning waterfront income property offering endless possibilities in a picturesque coastal setting Currently operating as an Airbnb this unique property combines flexibility and future development potential.The main rental unit is a spacious and beautifully designed 2-bedroom suite that comfortably sleeps up to 7 guests Featuring 2 full bathrooms, 1 half bath, and two pull-out couches, this unit is perfectly set up for larger families and groups. Guests can relax in the private hot tub overlooking the water while enjoying breathtaking harbour views.The second unit, formerly used as retail space, has been converted into a large and inviting 1-bedroom, 1-bath suite. This versatile space offers excellent rental income potential as-is, while still providing the option to easily revert back to retail use if desired.Adding even more value is the open loft area, presenting a rare opportunity for further development. With ample space to create at least two additional units, investors and entrepreneurs alike will appreciate the significant upside potential this property offers. Highlights: Prime waterfront location Currently operating as a successful Airbnb 2 separate self-contained units Main unit sleeps 7 2 bedrooms, 2 full baths, 1 half bath Private waterfront hot tub Large 1-bedroom secondary suite Former retail space with easy retail conversion potential Large loft area with room for 2+ additional rental units Excellent income and expansion opportunity Ideal for Airbnb, vacation rentals, mixed-use investment, or owner-occupied income property Whether you’re looking for a turnkey hospitality investment, a mixed-use commercial opportunity, or a waterfront property with major growth potential, this one-of-a-kind property is a must-see. Sellers direction in place until May 14/26. offers to be submitted until 7pm May 14/26 and open to acceptance until 11:59pm May 14/26 (id:65958)
10-item due-diligence checklist. We can pre-flight most of these for you on a CMA call.
Comparable sales
Ask for 3–5 recent solds within ~1 km and the same beds/baths so the list price has context.
Property condition
Roof age, furnace age, hot-water tank age, electrical panel size, windows. Cosmetic vs structural.
Zoning
Confirm zoning matches your intent (single-family vs duplex vs secondary suite vs commercial).
Suite legality / potential
If suited or being marketed as suited: confirm permits, separate entrance, ceiling height, egress windows.
Monthly carrying cost
Mortgage + property tax + insurance + condo fee (if any) + utilities. Compare to your max budget.
Property taxes
Confirm the annual tax amount on the current assessment — and whether a reassessment is pending.
Insurance estimate
Get a same-day quote. Older homes, knob-and-tube wiring, polybutylene plumbing, flood plains all change the number.
Commute
Drive it (or transit it) at the actual time of day you'd commute. Map ETA lies during peak hours.
Deposit and financing conditions
Deposit size, financing condition window, condition removal date, possession date — all negotiable.
Inspection considerations
Budget for a home inspector ($500–700) and any specialty inspections (sewer scope, mould, asbestos for pre-1990 builds).
Cash on cash
2.20%
Cap rate
5.30%
GRM
12.5
Break-even rent
$2,262
Financing
Operating expenses (monthly)
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Approximation only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Rough ballpark only. Pick a down-payment option, then tap any underlined number below to plug in your real numbers — tax, condo fee, insurance, utilities. Total updates live. Confirm with a mortgage broker before writing an offer.
Cost lines (tax, condo, insurance, utilities) are editable inline above. These two control the mortgage payment math.
Approximation only. CMHC default insurance is included when down payment is under 20%. Property tax and condo fees come from MLS when listed and may not reflect the current billing year. Suite rental income depends on permits, market rent, and vacancy — confirm with a property manager. Always validate your scenario with a mortgage broker and your insurance provider before writing an offer.
We'll reply by text within a few hours. Comparable sales, condition flags, things worth checking — sent before you book a showing.
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated May 12, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Twillingate. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.