225 Water Street, Saint Andrews
An exceptional opportunity to acquire a substantial waterfront property in the heart of downtown St. Andrews by-the-Sea. Properties offering this combination of location, waterfront, existing income and future potential are rarely available in the towns commercial core. Situated directly on Water Street, this mixed-use property offers an established commercial space at street level together with three residential units above, valuable waterfront land extending toward the harbour, direct connection toward Market Square, and parking for three vehicles. While the property currently accommodates a full-service restaurant, the real opportunity extends well beyond its present use. For an investor or developer with vision, the size and configuration of the property may present possibilities to further enhance its commercial and residential income, explore additional accommodations or rental units, expand or reimagine portions of the existing property, or create an entirely new mixed-use concept that takes full advantage of its exceptional downtown waterfront setting, subject to all applicable approvals. The existing building provides considerable infrastructure from which to begin. The main level includes a large commercial space, full commercial kitchen, bar, public washrooms and an expansive waterfront patio. Above are three residential units, including two two-bedroom apartments with outstanding harbour and wharf views, while the third one-bedroom unit is presently used for office and storage purposes. Continue the existing operation, reposition the commercial space, increase residential or accommodation income, or investigate a larger redevelopment vision. Development possibilities are subject to municipal, planning, heritage and other applicable approvals. Buyers are encouraged to complete their own due diligence regarding their intended use. Don't buy it for what it is. Buy it for where it is, what comes with it, and what it could become. (id:1945)
This listing content provided by
REALTOR.ca
has been licensed by REALTOR®
members of The Canadian Real Estate Association
members of The Canadian Real Estate Association
Property details for 225 Water Street, Saint Andrews
- Type
- Commercial
- Living Area
- 6,954 square feet
- Lot Size
- 0.36
- Heating
- Heat Pump, Baseboard heaters, Electric
- Cooling
- Heat Pump
- Exterior
- Cedar shingles, Other
- Ownership
- Freehold
- Annual Taxes
- $18,674
Nearby Listings Stat
Estimated price and comparable properties near 225 Water Street
Active Listings
30
Min Price
$149,500
Max Price
$2,995,000
Avg Price
$749,980
Days on Market
209
days
Sold Listings
2
Min Sold Price
$674,900
Max Sold Price
$1,095,000
Avg Sold Price
$884,950
Days until Sold
80
days
Price History
Listed
September 17, 2025
by Fundy Bay Real Estate Group Inc.
Current Price
$1,999,900
-19.3% from last change
Type
Commercial
For Sale
Price Changes
1
| Date | Price | Change |
|---|---|---|
| Current | $1,999,900 | $479,100 (-19.3%) |
| Sep 1, 2026 | $2,479,000 | Listed |
