332 Marine Drive, Little Bay
If you’ve been searching for a property with exceptional versatility and income potential, this approximately 3,000 sq. ft. building offers an opportunity worth exploring. Currently configured with a convenience/fabric store, a former hair salon and an existing residential unit, the building lends itself to a variety of future uses. Please note that the existing business is not included in the sale. The second floor features an approximately 875 sq. ft., 3-bedroom, 1-bathroom residential unit that could provide immediate rental income, with an estimated rental potential of approximately $1,500 per month. On the main floor, a separate area formerly operated as a hair salon provides another opportunity. With some reconfiguration and expansion into adjoining space, this area could potentially be converted into a comfortable 2-bedroom apartment. The large main store area offers even more possibilities and could potentially become a third residential unit. For someone interested in an investment property, the building could potentially be transformed into a three-unit residential property, subject to municipal approvals, zoning and any required permits. Prefer a commercial component? The main level could continue to accommodate a convenience store or potentially another type of business while maintaining residential rental income above. The property also has two separate basement areas, one with a concrete floor and the other with a gravel floor, providing plenty of additional storage and utility space. And then there’s the view! The spectacular surroundings add another dimension to the property and could make future residential units especially appealing. Whether your vision is residential, commercial, income-producing, or a combination of all three, this property provides a unique opportunity to create something that works for you. With an existing residential unit and substantial space available for redevelopment, there are plenty of possibilities to explore. (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 332 Marine Drive, Little Bay
- Type
- Multi-family
- Style
- 2 Level
- Bedrooms
- 3
- Bathrooms
- 3
- Living Area
- 3,499 square feet
- Lot Size
- 100 x 80
- Heating
- Baseboard heaters, Electric
- Exterior
- Vinyl siding
- Ownership
- Freehold
- Annual Taxes
- $2,318 (2026)
Nearby Listings Stat
Estimated price and comparable properties near 332 Marine Drive
Active Listings
1
Min Price
$299,000
Max Price
$299,000
Avg Price
$299,000
Days on Market
44
days
Sold Listings
0
Min Sold Price
$N/A
Max Sold Price
$N/A
Avg Sold Price
$N/A
Days until Sold
N/A
days
Price History
Listed
September 2, 2026
by Keller Williams Platinum Realty
Current Price
$299,000
-23.1% from last change
Type
Multi-family
For Sale
Price Changes
1
| Date | Price | Change |
|---|---|---|
| Current | $299,000 | $90,000 (-23.1%) |
| Sep 2, 2026 | $389,000 | Listed |
