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Home NL Division No. 8 Division No. 8, Subdivision H
8 Point Road
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8 Point Road $79,900
11 hours ago
$79,900
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8 Point Road
Virgin Arm, Newfoundland & Labrador A0G1P0

MLS® Number: 1293297
3
Bedrooms
1
Bathrooms
820
Square Feet

Listing Description

Investment Gold: Turnkey 3-Bedroom Home with Instant Cash Flow! Attention investors! Secure a highly desirable, well-kept 3-bedroom rental that delivers exceptional returns from day one. This property is a testament to solid maintenance and offers strong tenant appeal, making it a truly resilient investment. Key Investment & Property Features: Immediate Capital Flow: The unit is occupied by reliable, long-standing tenants who wish to remain, ensuring a seamless acquisition and guaranteed, uninterrupted income immediately upon closing. High-Demand Rental: The 3-bedroom configuration is a prime market segment, attracting stable, long-term tenants (families or groups) and commanding competitive rental rates. Tenant Appeal & Comfort: Tenants benefit from the cozy efficiency of wood heat, supplemented by reliable baseboard electric—a popular and cost-effective heating solution. Condition: The property is described as well kept, indicating pride of ownership and minimizing immediate maintenance concerns for the investor. Unique Bonus Amenity: A versatile outdoor wood shed/man cave provides extra storage and flexible space, adding significant value and appeal to the current tenant. Investment Highlight: This is a fantastic "set-it-and-forget-it" investment. It's a cash-flowing asset where the heavy lifting (finding and keeping tenants) is already done. Start earning immediately! Don't miss this chance to add a stable, high-yield asset to your portfolio. (30480089)

Property Summary

Property Type
Single Family
Building Type
House
Storeys
1
Square Footage
820 sqft
Title
Freehold
Land Size
95 x 75 x 85 x 70 ft|under 1/2 acre
Built in
1970
Annual Property Taxes
$240
Time on REALTOR.ca
11 hours

Building

Bedrooms
Above Grade
3
Bathrooms
Total
1
Partial
0
Interior Features
Appliances Included
Refrigerator, Stove
Flooring
Other
Building Features
Style
Detached
Heating & Cooling
Fireplace Type
Woodstove (Wood)
Heating Type
Baseboard heaters, (Wood)
Utilities
Utility Sewer
Septic tank
Water
Shared Well, Well
Exterior Features
Exterior Finish
Vinyl siding

Measurements

Square Footage
820 sqft

Rooms

MetricImperial
Main level
Bath (# pieces 1-6)
Bedroom
Bedroom
Family room
Kitchen
Bedroom
Dining room
Foyer

Land

Other Property Information
Zoning Description
Residential
Data provided by: Newfoundland & Labrador Association of REALTORS®
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