11 Point Road Virgin Arm, Newfoundland & Labrador A0G 1P0
$59,900
Prime Investment Alert! Immediate Cash Flow Opportunity! This is your chance to acquire a turnkey rental property and enter the real estate investment market with confidence! Located in a desirable area, this property is poised to deliver outstanding returns from day one. Key Investment Highlights: Instant Income: The property includes a long-standing, reliable tenant who wishes to remain, ensuring immediate, uninterrupted rental income and returning capital from the moment of closing. Expansion Potential: Don't just settle for one unit! A dedicated (approximately 300 downstairs with potential on the second floor) storage area is situated beside the existing apartment. This space was originally slated for conversion into a second rental unit (e.g., a studio or 1-bedroom suite). This offers a clear path to significantly boosting your ROI through future value-add development (subject to municipal approvals). Hassle-Free Transition: Benefit from an established tenancy, eliminating the time and expense of marketing, screening, and initial leasing. Don't miss out on this exceptional chance to secure a cash-flowing asset with built-in potential for future revenue growth. (id:51189)
Property Details
| MLS® Number | 1293288 |
| Property Type | Single Family |
Building
| BathroomTotal | 1 |
| BedroomsAboveGround | 1 |
| BedroomsTotal | 1 |
| Appliances | Refrigerator, Stove |
| ConstructedDate | 1970 |
| ConstructionStyleAttachment | Detached |
| ExteriorFinish | Vinyl Siding |
| FlooringType | Laminate, Carpeted |
| FoundationType | Concrete Slab |
| HeatingFuel | Electric |
| StoriesTotal | 1 |
| SizeInterior | 770 Sqft |
| Type | House |
| UtilityWater | Shared Well, Well |
Land
| Acreage | No |
| Sewer | Septic Tank |
| SizeIrregular | 3600 Sq Ft |
| SizeTotalText | 3600 Sq Ft|under 1/2 Acre |
| ZoningDescription | Residential |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Main Level | Foyer | 5 x 11 ft | ||
| Main Level | Family Room | 8.5 x 17.6 ft | ||
| Main Level | Kitchen | 10 x 7 ft | ||
| Main Level | Bath (# Pieces 1-6) | 3 x 12 ft | ||
| Main Level | Bedroom | 6 x 10 ft |
https://www.realtor.ca/real-estate/29186793/11-point-road-virgin-arm
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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December 15 2025 05:22:47
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