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Investment signal

$999,000

203 Marine Drive

Beds

2

Baths

3.1

Sqft

Year

2012

Location

See the block, not just the house.

Open the map for street view, commute checks, and nearby schools, groceries, mosques, parks, and transit stops.

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About this home

Experience refined coastal living in these stunning luxury town homes overlooking the Clarenville marina. Each of the four south-facing units is thoughtfully designed to capture natural light and breathtaking ocean views, offering an exceptional lifestyle in a desirable location. Spanning 2100 square feet of livable space, these residences feature a bright and welcoming entry that opens into a spacious living area with panoramic views of the water. The open-concept design flows seamlessly to a private back deck—perfect for entertaining or simply relaxing while watching the boats head out for a day on the bay. Each unit includes two bedrooms and three bathrooms, providing comfort and privacy for residents and guests alike. The upper floor includes 2 primary suites each having walk in closets and ensuite bath. While two homes have fully developed basement with third bedroom, bath and eating area. Every townhome is equipped with in-unit laundry, a walk-out basement, and Top floors come fully furnished—including all appliances—making these homes truly move-in ready. Located just minutes from Clarenville’s business district, residents enjoy easy access to shopping, dining, and essential amenities. Outdoor enthusiasts will appreciate the proximity to hiking trails, boating, and year-round recreational opportunities. Whether as a personal residence or an investment opportunity, this property promises strong rental potential and lasting appeal. With its luxury finishes, unbeatable location, and captivating ocean views, these fully furnished homes redefine coastal living in Clarenville. Take the luxury of living in one while the others fund your investment. This is a unique listing that is a must see. Call today and arrange your private tour of all units. (id:65958)

Subtype
Multi-family
Structure
Other
Common interest
Freehold
Living area
2,100 square feet
Lot dimensions
117x122x86x109
Bedrooms
2 above grade, 0 below grade
Condo/HOA fee
$0 monthly
On market
Apr 13, 2026
Status changed
Apr 13, 2026
Annual tax
$3,370
Zoning
COMM.
Photos
18
MLS#
1296055
Area
CLARENVILLE

Features and systems

Appliances

WasherRefrigeratorDishwasherStoveDryer

Heating

Baseboard heatersElectric

Cooling

Central air conditioningAir exchanger

Exterior

Vinyl siding

Flooring

Mixed Flooring

Foundation

Poured Concrete

View

Ocean view
Negative cash flow ~$1,940/mo at these assumptions

Cash on cash

-11.65%

Cap rate

3.56%

GRM

16.6

Break-even rent

$7,042

Financing

Down payment$199,800
Loan amount$799,200
Mortgage$4,903/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$458
Insurance$80
Maintenance$833
CapEx reserve$416
Vacancy loss$250

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 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.

Lifestyle nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for CLARENVILLE. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

Mortgage estimate

Estimated $4,903/mo at 5.49% with 20% down, 25-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 13, 2026.

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