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Listed by RE/MAX Infinity Realty Inc. - Sheraton Hotel
$ 1,749,500
Est. payment /mo
Pending
850 Main Road Pouch Cove, NL A0A 3L0
14,394 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Pending
Purchase Type For Sale
Square Footage 14,394 sqft
Price per Sqft $121
MLS Listing ID 1299239
Style Other,10+ Units
Year Built 2016
Annual Tax Amount $16,657
Tax Year 2026
Lot Dimensions 0.77 acres
Property Sub-Type Multi Family
Source NLAR
Property 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.
Location
Province NL
Zoning Res.
Interior
Heating Baseboard, Electric
Cooling Baseboard, Electric
Exterior
Exterior Feature Vinyl
Roof Type Shingle - Asphalt
Building
Foundation Poured Concrete
Sewer Municipal
Water Municipal
