Buying or Selling your House in Western Newfoundland and Labrador

11 Point Road NEW

Virgin Arm, Newfoundland & Labrador

$59,900

Quick Summary

Location
Virgin Arm, Newfoundland & Labrador
Price
$59,900
Building Type
House
Property Type
Single Family
Status
For sale
Area
770 sqft
Beds
1
Baths
1
Age
n/a
Postal Code
A0G 1P0
MLS®
1293288
Courtesy Of
Outport Realty Inc. - Grand Falls-Windsor
Database ID:62458 DDF Feed ID: 29186793 Latitude: 49.53409 Longitude: -54.771852

Property Description

Prime Investment Alert! Immediate Cash Flow Opportunity! This is your chance to acquire a turnkey rental property and enter the real estate investment market with confidence! Located in a desirable area, this property is poised to deliver outstanding returns from day one. Key Investment Highlights: Instant Income: The property includes a long-standing, reliable tenant who wishes to remain, ensuring immediate, uninterrupted rental income and returning capital from the moment of closing. Expansion Potential: Don't just settle for one unit! A dedicated (approximately 300 downstairs with potential on the second floor) storage area is situated beside the existing apartment. This space was originally slated for conversion into a second rental unit (e.g., a studio or 1-bedroom suite). This offers a clear path to significantly boosting your ROI through future value-add development (subject to municipal approvals). Hassle-Free Transition: Benefit from an established tenancy, eliminating the time and expense of marketing, screening, and initial leasing. Don't miss out on this exceptional chance to secure a cash-flowing asset with built-in potential for future revenue growth. (id:47053)

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Building Information

  • Building Type: House
  • 1 Bed
  • 1 Bath
  • Area: 770 sqft
  • Electric Heat
  • Vinyl siding
  • Flooring: Laminate, Carpeted
  • Concrete Slab foundation
  • 1 story
  • Shared Well, Well

Full Details

MLS® Number:1293288
Ownership Type:Freehold
Price:$59,900
Property Type:Single Family
Transaction Type:For Sale
Zoning Description:residential
More Information Link: https://www.realtor.ca/real-estate/29186793/11-point-road-virgin-arm

Size Total Text:3600 sq ft|under 1/2 acre
Sewer:Septic tank
Size Irregular:3600 sq ft

Bathroom Total:1
Bedrooms Above Ground:1
Bedrooms Total:1
Appliances:Refrigerator, Stove
Constructed Date:1970
Exterior Finish:Vinyl siding
Flooring Type:Laminate, Carpeted
Foundation Type:Concrete Slab
Half Bath Total:0
Heating Fuel:Electric
Stories Total:1
Size Interior:770 sqft
Type:House
Utility Water:Shared Well, Well

Level Type Dimensions
Main level Foyer 5 x 11 ft
Main level Family room 8.5 x 17.6 ft
Main level Kitchen 10 x 7 ft
Main level Bath (# pieces 1-6) 3 x 12 ft
Main level Bedroom 6 x 10 ft
Listing information last updated on 2025-12-15 13:52:47 -0330
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