Buying or Selling your House in Western Newfoundland and Labrador

34-40 Georgia Drive NEW

Stephenville, Newfoundland & Labrador

$629,000

Quick Summary

Location
Stephenville, Newfoundland & Labrador
Price
$629,000
Building Type
Multi-Family
Property Type
Other
Status
For sale
Area
n/a
Beds
0
Baths
n/a
Age
n/a
Postal Code
A2N 0C3
MLS®
1296337
Courtesy Of
RE/MAX Realty Professionals Ltd. - Stephenville
Database ID:65466 DDF Feed ID: 29627376 Latitude: 48.553626 Longitude: -58.566193

Property Description

Turnkey 5-Unit Apartment Building – Exceptional Investment Opportunity An outstanding opportunity for investors or those looking to expand their rental portfolio. This well-maintained, income-generating 5-unit apartment building offers a rare combination of space, privacy, and recent upgrades—making it a truly turnkey investment. Property Highlights This multi-unit property features: - Four (4) spacious 3-bedroom apartments – Generously sized units ideal for families and long-term tenants - One (1) executive 3-bedroom apartment, offering premium features including: Two full bathrooms Private, fully fenced yard Dedicated private storage shed The executive unit is perfectly suited for an owner-occupier or as a high-end rental, adding flexibility and increased revenue potential. Recent Upgrades & Features Extensively improved over the past year, this property is designed for long-term performance and reduced maintenance: - New oil tank - New hot water tanks - Numerous upgrades throughout the building - Ample basement storage for tenants or owner use - Two on-site sheds (one private to the executive unit, one shared) - Executive unit pays its own heat and electricity, lowering operating costs Investment Appeal - Strong and stable rental income potential - True turnkey property with minimal immediate capital requirements - Diverse unit mix enhances rental demand and flexibility - Consistently maintained building with pride of ownership - Highly attractive to families, professionals, and long-term tenants This is a rare opportunity to acquire a versatile, upgraded multi-unit property in excellent condition. (id:47053)

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Building Information

  • Building Type: Multi-Family
  • Hot water radiator heat, Radiant heat
  • Oil Heat
  • Flooring: Hardwood, Laminate, Other
  • Concrete, Poured Concrete foundation
  • Municipal water

Full Details

MLS® Number:1296337
Equipment Type:None
Ownership Type:Freehold
Price:$629,000
Property Type:Other
Rental Equipment TypeNone
Transaction Type:For Sale
Zoning Description:RES
More Information Link: https://www.realtor.ca/real-estate/29627376/34-40-georgia-drive-stephenville

Size Total Text:153 x 105 ( 163 x 131 )|.5 - 9.99 acres
Sewer:Municipal sewage system
Size Irregular:153 x 105 ( 163 x 131 )

Bedrooms Above Ground:0
Bedrooms Below Ground:0
Bedrooms Total:0
Constructed Date:1965
Flooring Type:Hardwood, Laminate, Other
Foundation Type:Concrete, Poured Concrete
Heating Fuel:Oil
Heating Type:Hot water radiator heat, Radiant heat
Type:Multi-Family
Utility Water:Municipal water
Listing information last updated on 2026-04-20 10:22:47 -0230
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