Buying or Selling your House in Western Newfoundland and Labrador

19-29 Bowater Avenue NEW

Lewisporte, Newfoundland & Labrador

$699,000

Quick Summary

Location
Lewisporte, Newfoundland & Labrador
Price
$699,000
Building Type
Multi-Family
Property Type
Other
Status
For sale
Area
n/a
Beds
0
Baths
n/a
Age
n/a
Postal Code
A0G 3A0
MLS®
1295342
Courtesy Of
Keller Williams Platinum Realty - Gander
Database ID:64521 DDF Feed ID: 29489869 Latitude: 49.250045 Longitude: -55.065968

Property Description

Combo Package: 5-Plex and 4-Plex in Lewisporte — Strong Investor Portfolio This centrally located investment package combines a turnkey 5-plex and a turnkey 4-plex in Lewisporte, offering immediate cash flow in a friendly, family-oriented community with close proximity to recreational facilities, ball fields, basketball courts, playgrounds, and schools. All units across both properties are currently rented, ensuring steady occupancy and reliable income from day one. The 5-plex comprises four 3-bedroom, 1.5-bath units and one 2-bedroom, 1-bath unit. The 4-plex features two 3-bedroom, 1-bath units and two 1-bedroom, 1-bath units, with 125-amp service panels (NEW), ensuring consistent electrical performance across the portfolio. The layouts across both properties support diverse tenant profiles—families, professionals, and students—while Lewisporte’s tight housing market supports ongoing demand and potential appreciation. This package offers immediate income with the opportunity to optimize lease terms, pursue strategic upgrades, and leverage cross-property management efficiencies. Investors will benefit from stable yields, centralized locations, and room for future upside as the market evolves and demand for well-maintained, centrally located rental properties remains strong. (id:47053)

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Building Information

  • Building Type: Multi-Family
  • Baseboard heaters
  • Electric Heat
  • Municipal water

Full Details

MLS® Number:1295342
Ownership Type:Freehold
Price:$699,000
Property Type:Other
Transaction Type:For Sale
Zoning Description:RES
More Information Link: https://www.realtor.ca/real-estate/29489869/19-29-bowater-avenue-lewisporte

Size Total Text:Unknown
Sewer:Municipal sewage system

Bedrooms Above Ground:0
Bedrooms Below Ground:0
Bedrooms Total:0
Constructed Date:1980
Heating Fuel:Electric
Heating Type:Baseboard heaters
Type:Multi-Family
Utility Water:Municipal water
Listing information last updated on 2026-03-19 09:32:43 -0230
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