For saleMLS® X13708256

232 water Street, Out of Area, ON A1Y 1C3

Out of Area · Near Water st/O Donovans Ln · View map

$3,500,000
10890Sq ft
Commercial retailType
Outside/SurfaceGarage
NoneParking
$10,000/yrTaxes
$3,500,000
FreeholdNo monthly condo fee
Outside/Surface garageFrom the listing
Lot 89 x 82 ftThe land comes with the home

About this home

The Historical Stone Jug was rebuilt in 1860, following a devastating fire in 1859. Today, it stands as one of the most historical structures in North America. This is a truly rare and unique opportunity to own a historic property vis a vie the Atlantic Ocean, located directly across from a museum in the downtown heart of a charming Canadian town one hour outside of St. John's. Between 2007 and 2015, the Stone Jug underwent a complete and extensive renovation. Every stone was carefully removed and re-mortared, all electrical and plumbing systems were fully replaced, a new lifetime roof was installed, custom built grand staircases were added, and all flooring was upgraded to solid hardwood. In many respects, the building has been transformed into what is essentially a new structure while preserving its historic character. The property spans 3 levels along with a basement that is currently used for food storage. It features a fully equipped commercial kitchen, with an exceptionally long bar that has become a signature feature of the establishment and is consistently popular with customers. The third floor has a full theater. The business currently operates as a successful restaurant and bar with seating capacity for 381 guests inside and the capacity for 120 outside. The Stone Jug currently attracts a wide range of clientele which brings in an assortment of events; including weddings, meetings, private functions, training sessions, and filming for movie and tv shows. The sale includes property, all inventory (complete contents of the building). If the purchaser wishes to continue operating the business in the current capacity, the owner will transfer the existing business licenses as part of the sale. Included with the property is a substantial adjoining parcel of land with development potential. The sale also includes the outdoor sidewalk patio and connecting Austrian Biergarten vis a vie the Atlantic Ocean, which presently provides additional business revenue.

The home

Type
Commercial retail
Square footage
10890 sq ft
Lot size
89 x 82 ft

Ownership & fees

Ownership
Freehold
Monthly condo fee
None
Security
Yes

Heating & cooling

Heating type
Gas Forced Air Open
Air conditioning
Yes

Garage & parking

Garage
Outside/Surface
Total parking
None

Taxes & other

Property taxes
$10,000/yr
Tax year
2026
Occupancy
Owner
Possession
TBA
Cross street
Water st/O Donovans Ln

More

MLS® number
X13708256

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Want to know something that isn’t listed?
Estimated monthly cost$14,951per month, all in
  • Mortgage
  • Property tax

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    Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.

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    232 water Street, Out of Area, ON A1Y 1C3

    Out of Area · Near Water st/O Donovans Ln

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    Sold history

    Listing history for 232 water Street

    See what this home and others at the same address were listed for, what they sold for, and how long it took.

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    Questions & answers

    Frequently asked questions about 232 water Street

    Answers come straight from this home’s MLS® listing.

    How much is 232 water Street listed for, and what would it cost each month?

    232 water Street is listed for $3,500,000. With 20% down ($700,000), the mortgage payment would be roughly $14,118 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $14,951 a month, all in. That figure is an illustration, not a quote.

    Is 232 water Street freehold or a condo, and is there a monthly fee?

    232 water Street is a commercial retail in Out of Area. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.

    Does 232 water Street have a garage and parking?

    Yes. The listing shows the garage as outside/surface. The listing does not include a parking space.

    What style of home is 232 water Street?

    232 water Street is a commercial retail. Commercial property covers retail, office, industrial and investment buildings and businesses for sale or lease.

    How big is 232 water Street, and what is the lot size?

    The lot is listed as 89 x 82 ft.

    How is 232 water Street heated and cooled?

    Heating is gas forced air open. Cooling is yes.

    What are the property taxes for 232 water Street?

    Property taxes are $10,000 a year (2026), or about $833 a month.

    Where is 232 water Street?

    232 water Street is in Out of Area. The nearest main intersection is Water st/O Donovans Ln. The postal code is A1Y 1C3.

    Is 232 water Street still for sale?

    Yes. It is an active listing (MLS® X13708256). Listings here update from the board through the day and come down once a home sells.

    What are similar properties near 232 water Street asking?

    Similar properties for sale nearby right now include 9114 County Road 7B Road at $4,499,000 and * Estancia Punta del Lago * at $4,200,000 (6 bed). These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.

    What have homes at 232 water Street sold for?

    Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.

    How do I book a showing at 232 water Street?

    Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-931-3923.

    Have a different question? Ask about this home and get an answer, usually within the hour.

    *Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.

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