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Listed by RE/MAX Realty Specialists
Bought with RE/MAX Realty Specialists
Bought with RE/MAX Realty Specialists
$ 250,000
$ 550,000 54.5%
Est. payment /mo
Sold on 08/04/2026
157 Lemarchant Road St. John's, NL A1C2H4
16 Beds
6 Baths
6,000 SqFt
UPDATED:
Key Details
Sold Price $250,000
Property Type Condo
Sub Type 2-Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 6,000 sqft
Price per Sqft $41
MLS Listing ID 1297326
Sold Date 08/04/26
Style Detached
Bedrooms 16
Full Baths 5
Half Baths 1
Year Built 1892
Annual Tax Amount $6,406
Tax Year 2026
Lot Dimensions 505.04
Property Sub-Type 2-Apartment
Source NLAR
Property Description
Positioned close to downtown St John's, this rare and historically significant property presents a unique redevelopment and investment opportunity. Originally constructed in 1892, the building was once two separate homes that were later combined into one expansive residence, resulting in an impressive footprint and a layout that offers remarkable flexibility for future use. The property currently features 16 bedrooms and 5.5 operational bathrooms, making it well-suited for a variety of residential, institutional, or mixed-use applications permitted under its RM zoning designation. The zoning allows for numerous residential and complementary commercial possibilities, subject to municipal approvals, creating strong potential for investors, developers, or organizations seeking a centrally located property with scale and character.
A notable feature of the property is its existing life safety infrastructure, including a fire escape system and fire alarm system that is professionally inspected on an annual basis. The property also benefits from a valuable downtown parking lot — an increasingly rare asset in this highly sought-after area of St. John's.
While the home is currently in disrepair and will require significant renovation and modernization, its size, history, architectural presence, and location offer exceptional upside potential. Properties of this scale and character rarely come to market, particularly within close proximity to major institutions, downtown amenities, medical services, and transit routes. With vision and restoration, this landmark property could be transformed into a standout residential investment, professional residence, multi-unit development, hospitality concept, student housing opportunity, or other creative mixed-use venture consistent with RM zoning allowances.
This is a rare opportunity to restore and reimagine a piece of St. John's history in one of the city's most strategic and high-demand locations.
A notable feature of the property is its existing life safety infrastructure, including a fire escape system and fire alarm system that is professionally inspected on an annual basis. The property also benefits from a valuable downtown parking lot — an increasingly rare asset in this highly sought-after area of St. John's.
While the home is currently in disrepair and will require significant renovation and modernization, its size, history, architectural presence, and location offer exceptional upside potential. Properties of this scale and character rarely come to market, particularly within close proximity to major institutions, downtown amenities, medical services, and transit routes. With vision and restoration, this landmark property could be transformed into a standout residential investment, professional residence, multi-unit development, hospitality concept, student housing opportunity, or other creative mixed-use venture consistent with RM zoning allowances.
This is a rare opportunity to restore and reimagine a piece of St. John's history in one of the city's most strategic and high-demand locations.
Location
Province NL
Zoning RM
Interior
Heating Baseboard, Electric
Cooling Baseboard, Electric
Exterior
Exterior Feature Clapboard
Parking Features None
Roof Type Torched-on
Building
Foundation Apartment, Concrete
Sewer Municipal
Water Municipal