Buying or Selling your House in Western Newfoundland and Labrador

42 Uplands Road

CBS, Newfoundland & Labrador

$374,900

Quick Summary

Location
CBS, Newfoundland & Labrador
Price
$374,900
Building Type
Multi-Family
Property Type
Single Family
Status
For sale
Area
3250 sqft
Beds
0
Baths
n/a
Age
n/a
Postal Code
A1W 4T8
MLS®
1288243
Courtesy Of
RE/MAX Realty Specialists
Database ID:57578 DDF Feed ID: 28653691 Latitude: 47.528983 Longitude: -52.938799

Property Description

Incredible Investment Opportunity – Fully Rented 4-Unit Property on Massive Double Lot! Don't miss this rare chance to own a registered four-unit income property situated on a spacious double lot, offering both current income and future development potential. Each of the four units features its own private entrance and separate utility meters, ensuring ease of management and privacy for tenants. All rents are POU (Pay Own Utilities), which significantly reduces your operating expenses and increases net income. Currently bringing in $2,950/month, this property is under-rented, presenting a great opportunity for increased cash flow with future rent adjustments. With strong tenant demand and no vacancies in recent years, this is a proven performer in a reliable rental market. The building has been well maintained by conscientious ownership, making it a solid, turnkey investment. The oversized lot provides ample parking, outdoor space, or possible room for expansion to the existing building. Whether you're a seasoned investor or just entering the market, this property offers excellent value, upside potential, and long-term stability. One could live in either unit, rent the other three, and live rent free forever. (id:47053)

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Building Information

  • Building Type: Multi-Family
  • Area: 3250 sqft
  • Baseboard heaters
  • Electric Heat
  • Vinyl siding
  • Flooring: Laminate, Other
  • Concrete foundation
  • 1 story
  • Municipal water

Full Details

MLS® Number:1288243
Ownership Type:Freehold
Price:$374,900
Property Type:Single Family
Transaction Type:For Sale
Zoning Description:RES
More Information Link: https://www.realtor.ca/real-estate/28653691/42-uplands-road-cbs

Size Total Text:150' x 140' approx|10,890 - 21,799 sqft (1/4 - 1/2 ac)
Sewer:Municipal sewage system
Size Irregular:150' x 140' approx

Bedrooms Above Ground:0
Bedrooms Total:0
Appliances:Refrigerator, Stove
Architectural Style:Bungalow
Constructed Date:1965
Exterior Finish:Vinyl siding
Flooring Type:Laminate, Other
Foundation Type:Concrete
Heating Fuel:Electric
Heating Type:Baseboard heaters
Stories Total:1
Size Interior:3250 sqft
Type:Multi-Family
Utility Water:Municipal water
Listing information last updated on 2025-07-25 14:13:33 -0230
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