436 Southern Shore Highway Witless Bay, Newfoundland & Labrador A1A 4k0

$575,900

For sale in the picturesque town of Witless Bay, the home of the ecological bird island reserve - Newly renovated house with a double lot and a view of the ocean. Ready for move in. The house boasts 4 separate apartments, each with its own entrance, electrical meter, deck, and all appliances; a stove, fridge, microwave, dishwasher, washing machine and dryer. All units enjoy an ocean view. This unique property has great earning potential. The property is zoned both residential and commercial posing several options as either a residence, or an investment opportunity for those who want to expand their portfolio, or both. The property offers the home buyer or investor the option of starting a business in the spacious 1BR on the lower floor, formerly the Witless Bay post office, or renting out all 4 as residential units. For the home buyer, an onsite owner can rent out 3 units all while living in the home. You can pay off your mortgage with the rental income. The option also exists to live on site, start a business, and still have 2 rental incomes. The well is newly dug. The new septic system is a professionally designed commercial system with the capacity to handle 4 apartments comfortably. The family sized 3BR/1 bath unit on the upper floor features a propane fireplace, hardwood and commercial grade, water proof laminate flooring in the kitchen and bathroom. The bathroom has both a walk in shower and a soaker tub. The spacious master bedroom boasts wall to wall closet space. The open, spacious 1BR/1 Bath on the lower floor is the same square footage as the upper family unit and can be used to start an on site business. The upper and lower remaining 2 units each are 1 BR/1 bath. All 3 newly built units offer commercial grade, water proof laminate flooring and walk in showers (id:51189)

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https://www.realtor.ca/real-estate/26920928/436-southern-shore-highway-witless-bay