850 Main Road,Pouch Cove, NL A0A3L0
Pouch Cove, NL A0A3L0
Description
Exceptional opportunity to acquire a well-maintained 13-unit residential complex offering immediate income and long-term investment potential. The property consists of 9 spacious two-bedroom townhouses, 3 one-bedroom condo-style apartments, and 1 detached two-bedroom home with an attached garage, providing a diverse rental mix attractive to a wide range of tenants. Each townhouse, approximately 1,400 sq. ft., features a bright and functional layout with a welcoming living room, eat-in kitchen, and convenient powder room on the main level, while the upper floor includes two generously sized bedrooms and a full bathroom. The condo-style apartments, approximately 595 sq. ft., offer comfortable one-bedroom living with an open living area, kitchen, and full bathroom. Completing the complex is a detached two-bedroom home with attached garage, ideal as an on-site property manager's residence or an additional rental unit. All units are currently leased, generating approximately $15,000 per month in gross rental income, making this a turnkey investment opportunity. The property also offers ample parking for tenants and guests, an on-site greenhouse, and beautiful ocean views from msot units. Whether you're looking to expand your portfolio or secure a high-performing multi-unit asset, this property delivers excellent income, strong occupancy, and future potential. Immediate possession available. Don't miss this rare opportunity! *Any applicable HST will be the sole responsibility of the purchaser. (id:13843)
Details
| MLS # | 1299239 |
|---|---|
| Listing Type | For Sale |
| Style | Multi-family |
| Status | Active |
| Year | 2016 |
| Days On Site | 80 |
| Listing Provided By | RE/MAX Infinity Realty Inc. - Sheraton Hotel | Robert Moore |
Features
| SQ Feet | 14,394 |
|---|---|
| Zoning | Res. |
Interior
| Heating | Baseboard heaters, Electric |
|---|---|
| Fireplace Yes / No | No |
Exterior
| Roof | Asphalt shingle, Unknown |
|---|---|
| Foundation Details | Poured Concrete |
Utilities
| Sewer | Municipal sewage system |
|---|---|
| Water Source | Municipal water |
Taxes
| Tax Annual Amount | 16657 |
|---|---|
| Tax Year | 2026 |
Area Information
| Province | NL |
|---|---|
| City | Pouch Cove |
| Postal Code | A0A3L0 |
| Listing VS Median (in A0A3L0) | |
Price: $1,749,500 low | high Med: $389,000 sqft: 14,394 low | high Med: 2,190 $ / sqft: $122 low | high Med: $178 On site: 80 low | high Med: 35 | |
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Learn More About This Property
| Province | NL |
|---|---|
| City | Pouch Cove |
| Postal Code | A0A3L0 |
| Listing VS Median (in A0A3L0) | |
Price: $1,749,500 low | high Med: $389,000 sqft: 14,394 low | high Med: 2,190 $ / sqft: $122 low | high Med: $178 On site: 80 low | high Med: 35 | |
