Buying or Selling your House in Western Newfoundland and Labrador

24 Point Road NEW

Virgin Arm, Newfoundland & Labrador

$129,900

Quick Summary

Location
Virgin Arm, Newfoundland & Labrador
Price
$129,900
Building Type
House
Property Type
Single Family
Status
For sale
Area
1040 sqft
Beds
4
Baths
1
Age
n/a
Postal Code
A0G 1P0
MLS®
1293300
Courtesy Of
Outport Realty Inc. - Grand Falls-Windsor
Database ID:62456 DDF Feed ID: 29186791 Latitude: 49.537178 Longitude: -54.768737

Property Description

Rare Find! Income-Producing 4-Bedroom Home with Exclusive Land Opportunity! Discover this exceptionally beautifully kept 4-bedroom residence, offering spacious living. This property appeals equally to investors seeking stability and future homeowners planning for a move-in. The Investment & Living Advantage: Immediate Stability: The property is currently occupied by reliable tenants who wish to remain, providing immediate rental income for an investor. Spacious & Immaculate: This home is beautifully kept and features four generously sized bedrooms. Heart of the Home: Enjoy the large, inviting spacious living room and a remarkable eat-in kitchen, which serves as the perfect central hub for family life. Newer Storage: Includes a newer 8 x 16 foot wood shed, providing ample, protected outdoor storage. The Crown Land Financial Benefit: What truly sets this property apart is the highly advantageous land tenure: Low Cost & Exclusive Use: The home is situated on Crown Land with a current annual fee of just $50 per year, offering an incredibly low holding cost. Path to Ownership: Modern processes allow the buyer to easily purchase the land outright. This transforms the low-cost lease into a Fee Simple title, significantly increasing the property's equity and long-term value! (Buyer to verify all land purchase details with the appropriate authority) This unique offering provides a well-maintained, cash-flowing asset with the massive added benefit of easily converting the land tenure for maximum future equity and appreciation. Whether you're looking for an immediate investment or planning your family's future home, this property delivers. (id:47053)

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Building Information

  • Building Type: House
  • 4 Beds
  • 1 Bath
  • Area: 1040 sqft
  • Electric, Oil, Wood Heat
  • Fireplace
  • Vinyl siding
  • Flooring: Laminate, Other
  • Wood foundation
  • 1 story
  • Well

Full Details

MLS® Number:1293300
Ownership Type:Leasehold
Price:$129,900
Property Type:Single Family
Transaction Type:For Sale
Zoning Description:residential
More Information Link: https://www.realtor.ca/real-estate/29186791/24-point-road-virgin-arm

Size Total Text:92 x 200 ft|under 1/2 acre
Sewer:Septic tank
Size Irregular:92 x 200 ft

Bathroom Total:1
Bedrooms Above Ground:4
Bedrooms Total:4
Appliances:Refrigerator, Stove
Constructed Date:1970
Exterior Finish:Vinyl siding
Fireplace Fuel:Wood
Fireplace Present:YES
Fireplace Type:Woodstove
Flooring Type:Laminate, Other
Foundation Type:Wood
Half Bath Total:0
Heating Fuel:Electric, Oil, Wood
Stories Total:1
Size Interior:1040 sqft
Type:House
Utility Water:Well

Level Type Dimensions
Main level Bedroom 12.2 x 10.8 ft
Main level Bedroom 12.6 x 10 ft
Main level Bedroom 9 x 11.6 ft
Main level Bath (# pieces 1-6) 6 x 8.7 ft
Main level Bedroom 12.5 x 10.2 ft
Main level Living room 19.3 x 13.7 ft
Main level Kitchen 14.6 x 12.8 ft
Main level Foyer 5.5 x 8.5 ft
Listing information last updated on 2025-12-15 13:52:46 -0330
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