Buying or Selling your House in Western Newfoundland and Labrador

1591 Topsail Road NEW

Paradise, Newfoundland & Labrador

$499,000

Quick Summary

Location
Paradise, Newfoundland & Labrador
Price
$499,000
Building Type
Multi-Family
Property Type
Single Family
Status
For sale
Area
n/a
Beds
0
Baths
n/a
Age
n/a
Postal Code
A1L 1S7
MLS®
1287119
Courtesy Of
Royal LePage Atlantic Homestead
Database ID:56355 DDF Feed ID: 28536957 Latitude: 47.529717 Longitude: -52.869149

Property Description

Opportunities like this don’t come around often! 1591 Topsail Road is a registered four-unit property in one of Paradise’s fastest-growing areas, offering direct backyard access to the pond trail and unbeatable convenience. Located just steps from the new Sobeys, Starbucks, Shoppers Drug Mart, Dollarama, restaurants, and the Paradise town center, this property is also near the new elementary and junior high schools, with a brand-new high school on the way—making it a fantastic long-term investment. The building consists of four fully registered units, all with electric heat—three one-bedroom units and one two-bedroom unit with one bath. The roof, windows, and half the siding have been replaced within the last 10 years, so some major upgrades are already complete. However, the fourth unit requires extensive renovations, making this a perfect opportunity for someone handy and looking to build equity. For someone looking to live in one unit while renting out the others, this property is an excellent way to cover your expenses and live for free. And once the fourth unit is renovated, it becomes a cash-flowing investment, adding even more value. With direct pond access, a prime location, and strong rental demand, 1591 Topsail Road is priced below typical multi-unit properties—offering incredible potential for both homeowners and investors. (id:47053)

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Building Information

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

Full Details

MLS® Number:1287119
Ownership Type:Freehold
Price:$499,000
Property Type:Single Family
Transaction Type:For Sale
Zoning Description:res
More Information Link: https://www.realtor.ca/real-estate/28536957/1591-topsail-road-paradise

Size Total Text:58x88x71x82|4,051 - 7,250 sqft
Sewer:Municipal sewage system
Size Irregular:58x88x71x82

Bedrooms Above Ground:0
Bedrooms Total:0
Constructed Date:1970
Heating Fuel:Electric
Type:Multi-Family
Utility Water:Municipal water
Listing information last updated on 2025-06-30 09:12:49 -0230
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