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1-24 Anna Place
1-24 Anna Place
NEW
Harbour Grace, Newfoundland & Labrador
$2,790,000
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Quick Summary
Location
Harbour Grace, Newfoundland & Labrador
Price
$2,790,000
Building Type
Residential Commercial Mix
Property Type
Multi-family
Status
For sale
Area
19411 sqft
Beds
n/a
Baths
n/a
Age
n/a
Postal Code
A0A 2M0
MLS®
1289697
Courtesy Of
Royal LePage Vision Realty
Database ID:59077 DDF Feed ID: 28799500 Latitude: 47.689058 Longitude: -53.230257
Property Description
Located in the beautiful town of Harbour Grace, just one hour from the capital city, this 24-unit apartment complex is an exceptional opportunity for the savvy investor. The property is fully occupied with high-quality, long-term tenants and even maintains a waiting list-an investor’s ideal scenario. The current owner has chosen to rent to all 55 plus which has provided top notch tenants. Each unit features 2 bedrooms, a well-sized kitchen, living room, bathroom, and in-suite laundry. Several units boast stunning views of the bay, while others include basement space for additional storage. One unit has a full basement, and four units feature attached garages—highly sought-after by tenants. All units are separately metered and heated with electric baseboard heating.The complex consists of four single-story buildings. The first was constructed in 2010 and has 10 units that are all slab on grade. The 2nd was constructed in 2013 and has 6 units all with their own 4 foot concrete basement for storage. The 3rd and 4th buildings were constructed in 2017 using insulated concrete forms (ICF) for the exterior and adjoining walls. These buildings offer superior quality, excellent insulation, and minimal sound transfer between units. They are easy to heat and quiet!! Anna Place feels like its own private community located on a quiet public cul-de-sac that's owned and maintained by the town of Harbour Grace. Beyond its current strong performance, this property also offers tremendous potential for expansion with the adjoining vacant land, there is the possibility to increase the development to 60–70 units—truly a rare opportunity for any investor to own such a large, consolidated rental portfolio. Details can be provided!! All vinyl quality windows, quality doors and asphalt shingled roofs, these units don't require any up grades and won't for many years to come. Just let the investment do the work, and what an investment for the retirement portfolio! Call today! (id:47053)
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Building Information
Building Type: Residential Commercial Mix
Area: 19411 sqft
Baseboard heaters
Electric Heat
1 story
Full Details
General
MLS® Number:
1289697
Ownership Type:
Freehold
Price:
$2,790,000
Property Type:
Multi-family
Transaction Type:
For Sale
Zoning Description:
TN
More Information Link:
https://www.realtor.ca/real-estate/28799500/1-24-anna-place-harbour-grace
Land
Size Total Text:
1.705 Acres|1 - 3 acres
Acreage:
true
Size Irregular:
1.705 Acres
Building
Constructed Date:
2011
Heating Fuel:
Electric
Heating Type:
Baseboard heaters
Stories Total:
1
Size Interior:
19411 sqft
Type:
Residential Commercial Mix
Listing information last updated on 2025-09-02 15:12:38 -0230
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