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11 Point Road
11 Point Road
NEW
Virgin Arm, Newfoundland & Labrador
$59,900
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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
General
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
Land
Size Total Text:
3600 sq ft|under 1/2 acre
Sewer:
Septic tank
Size Irregular:
3600 sq ft
Building
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
Rooms
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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