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$59,900
Newfoundland & Labrador,Virgin Arm
For Sale Active
11 Point Road, Virgin Arm, Newfoundland & Labrador A0G1P0
  • 1
  • 1
  • 770 Sqft
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Basic Details
Description

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:62650)

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Basic Details
  • Property Type: Residential
  • Listing Type: For Sale
  • Listing ID: 1293288
  • Price: $59,900
  • Bedrooms: 1
  • Bathrooms: 1
  • Square Footage: 770 Sqft
  • Year Built: 1970
  • Status: Active
  • Property Sub Type: Single Family
  • Office Key: 294404
Features & Appliances
Features
  • Heating System: Electric
  • Exterior Features: Vinyl siding
  • Flooring: Laminate, Carpeted
  • Sewer: Septic tank
Address Map
  • Location: CA, Newfoundland & Labrador, Virgin Arm, A0G1P0
  • Street: Point
  • Street Number: 11
  • Street Suffix: Road
  • Longitude: W55° 13' 41.3''
  • Latitude: N49° 32' 2.7''
Additional Information
  • Water Source:
  • Foundation Details:
  • Lot Size Dimensions: 3600 sq ft
  • Stories: 1.0
Financial
  • Tax Annual Amount: 240
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Listing updated: 2026-03-21 04:29:31
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Listing Information
  • List Agent Key: 2239804
  • List Office Key: 294404
  • Modification Timestamp: 2026-02-02T17:01:11Z
  • Originating System Name: Newfoundland & Labrador Association of REALTORS®
  • Status Change Timestamp: 2026-02-02T16:44:35Z
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Listing updated: 2026-03-21 04:29:31
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