Buying or Selling your House in Western Newfoundland and Labrador

16-20 Monkstown Road NEW

Arnold's Cove, Newfoundland & Labrador

$549,000

Quick Summary

Location
Arnold's Cove, Newfoundland & Labrador
Price
$549,000
Building Type
Multi-Family
Property Type
Single Family
Status
For sale
Area
n/a
Beds
0
Baths
n/a
Age
n/a
Postal Code
A0B 1A0
MLS®
1292741
Courtesy Of
eXp Realty
Database ID:61888 DDF Feed ID: 29118849 Latitude: 47.764772 Longitude: -53.989811

Property Description

Discover an exceptional investment opportunity in the welcoming coastal community of Arnold’s Cove, NL with this well-maintained 4-unit residential property. Two of the four units are currently rented to reliable tenants, providing immediate income from day one, while the remaining two units present excellent potential for added rental revenue. Perfectly situated, the building is within easy reach of key amenities including a K–12 school, grocery store, pharmacy, hardware store, restaurants, and local services, making it an ideal location for steady year-round tenancy. Arnold’s Cove serves as a major service hub on the Avalon Isthmus and benefits from a diverse employment base. Residents work in regional industries such as trades, construction, seafood processing, marine services, manufacturing, and the nearby oil transshipment operations. With employers in the area drawing workers from surrounding communities, rental demand remains stable and consistent. The town also offers a relaxed quality of life with scenic coastal walking trails, beautiful viewpoints, and close proximity to Clarenville and St. John’s, making it appealing for residents who value both convenience and tranquility. This property is a smart addition to any investment portfolio, offering current cash flow, strong long-term potential, and the rare chance to own a multi-unit income property in a growing rural hub. Don’t miss the opportunity to secure a solid, versatile investment in one of Newfoundland’s most charming and strategically located communities. (id:47053)

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Building Information

  • Building Type: Multi-Family
  • Electric Heat
  • Air exchanger
  • Vinyl siding
  • Flooring: Laminate, Other
  • Concrete foundation
  • Municipal water

Full Details

MLS® Number:1292741
Ownership Type:Freehold
Price:$549,000
Property Type:Single Family
Transaction Type:For Sale
Zoning Description:Res.
More Information Link: https://www.realtor.ca/real-estate/29118849/16-20-monkstown-road-arnolds-cove

Size Total Text:232.67'120.19'x95'44x34.32'x30.10'24.35'|1 - 3 acres
Acreage:true
Sewer:Municipal sewage system
Size Irregular:232.67'120.19'x95'44x34.32'x30.10'24.35'

Bedrooms Above Ground:0
Bedrooms Total:0
Appliances:Dishwasher, Refrigerator, Microwave, Stove, Washer, Dryer
Constructed Date:2012
Cooling Type:Air exchanger
Exterior Finish:Vinyl siding
Fixture:Drapes/Window coverings
Flooring Type:Laminate, Other
Foundation Type:Concrete
Heating Fuel:Electric
Type:Multi-Family
Utility Water:Municipal water
Listing information last updated on 2025-11-19 15:53:05 -0330
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