ActiveFor Sale

850 Main Road
Pouch Cove, Newfoundland & Labrador, A0A3L0

Multi-Family
CREA
MLS® Number: 1299239
$1,749,500List Price
0Bedrooms
0Bathrooms
0Total Parking
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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:66360)

Features

Vinyl siding

Amenities

No amenities available

Summary

List Price:$1,749,500
MLS® Number:1299239
CREA Listing Key:29929795
Type:Multi-Family
Building Age:Built 2016
Size:14,394 sq ft
Taxes:$16,657 (2026)
Listing Brokerage:RE/MAX Infinity Realty Inc. - Sheraton Hotel

Rooms

No room information available

Details

Property

Property Type:Multi-Family
Municipality:Pouch Cove

Building

Size:14,394 sq ft
Building Age:Built 2016

Inside

Bedrooms:0
Bedrooms Above Grade:0
Bedrooms Below Grade:0

Utilities

Heating:Baseboard heaters, Electric
Water Supply:Municipal water
Utility Sewer:Municipal sewage system

Land

Lot Size:0.77 acres
Zoning:Res.

$1,749,500

List price