2 Grenfell Drive Wabush, Newfoundland & Labrador A0R 1B0
$2,200,000
Fantastic Investment Property - 13-unit building, fully upgraded with modern finishes. This impressive building offers a total of 13 Modern rental units, making it an ideal income-generating investment. The upper level features 7 efficiency units, while the main floor includes a handicap-accessible efficiency unit and a spacious 5-bedroom, 2-bathroom unit with a shared kitchen and ground-level patio – perfect for group accommodations. Each unit is fully furnished and equipped. The building also provides shared laundry facilities equipped with 3 washers and 3 dryers, as well as a two-bay garage with double doors for additional storage or rental income. Originally renovated from top to bottom in 2024/2025, the building was modernized with high-quality materials and systems. Upgrades include all new plumbing with 1.5-inch water lines and triple 8-inch sewer outlet lines, two 200-gallon hot water tanks (for a total of 400 gallons) with hot water on demand, 400 amp single-phase electrical service, a fire system - Simplex 4007 ES Fire Alarm panel and efficient heating (3000 watts) paired with 3500 BTU air conditioning for comfort. Zoned Medium Density Residential, this property offers excellent flexibility and potential. The exterior showcases durable asphalt shingles, brick accents, and low-maintenance vinyl siding. Whether you’re expanding your investment portfolio or looking for a turnkey rental property, this building is a rare find with strong income potential. (id:51189)
Business
| BusinessType | Other, Residential |
| BusinessSubType | General commercial, Residential |
Property Details
| MLS® Number | 1287575 |
| Property Type | Business |
| AmenitiesNearBy | Highway, Recreation |
Building
| Amenities | Air Conditioning, Laundry Facility |
| ConstructedDate | 2024 |
| FlooringType | Laminate |
| HeatingFuel | Electric |
| StoriesTotal | 3 |
| SizeInterior | 8065 Sqft |
| Type | Other |
Land
| Acreage | No |
| LandAmenities | Highway, Recreation |
| LandscapeFeatures | Landscaped |
| SizeIrregular | 24.6 M X 60.9 M |
| SizeTotalText | 24.6 M X 60.9 M|10,890 - 21,799 Sqft (1/4 - 1/2 Ac) |
| ZoningDescription | Medium Density |
https://www.realtor.ca/real-estate/28574753/2-grenfell-drive-wabush
Interested?
Contact us for more information
Michael Samson
(709) 522-6350
33 Pippy Place, Suite 304
St. John's, Newfoundland & Labrador A1B 3X2
(709) 800-0412
Justin Hollett
(709) 522-6350
33 Pippy Place, Suite 304
St. John's, Newfoundland & Labrador A1B 3X2
(709) 800-0412
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August 01 2025 06:12:20
The Newfoundland & Labrador Association of REALTORS®
Century 21 Big Land Realty Limited - Labrador City
