331 Grand Bay Road W, PORT AUX BASQUES, Newfoundland & Labrador A0M 1C0

Listed for:
$499,000
0 beds
0 baths
Listed 115 days ago
Residential Commercial Mix for rent: 331 Grand Bay Road W, PORT AUX BASQUES, Newfoundland & Labrador A0M 1C0

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Learn more about this property
Listing provided by:
Royal LePage NL Realty Limited
MLS® number:
1267052
Agent:
Lloyd Francis
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About

Great investment opportunity. Now offering this 6 unit apartment complex. Located in a highly desirable area of Port aux Basques and close to all area amenities and a services . An added bonus , you are just a two minute walk to Grand Bay West beaches , yes beaches, board walks and walking trails. This well maintained building contains 6 - three bedroom apartments, all of which are rented with long term tenants and has a wait list. In recent years , the exterior has received vinyl siding, vinyl windows, pressure treated wooden decks and stairways leading to each unit. All units are heated with convenient electric heat and includes fridge and stove, with two units complete with washer and dryer. Updated paint and flooring , all units are smoke and pet free. Financial statements are available for monthly income and expenses. Make your appointment to view this income generating property today. (id:27476)

Property Highlights

Type
Residential Commercial Mix
Cooling type
Heating fuel
Electric
Fireplace
No
Construction material
Parking space
Ownership Type
Freehold
Amenities nearby
Highway, Recreation, Shopping

Location

Summary

Located in the highly sought-after area of Port aux Basques, this 6-unit apartment complex presents a fantastic investment opportunity. Situated close to all local amenities and services, the property is just a two-minute walk from the beautiful Grand Bay West beaches, boardwalks, and walking trails. The well-maintained building consists of 6 three-bedroom apartments, all of which are currently rented to long-term tenants with a waitlist in place.

In recent years, the exterior of the building has been updated with vinyl siding, vinyl windows, and pressure-treated wooden decks and stairways leading to each unit. Each apartment is heated with electric heat and comes equipped with a fridge and stove, with two units also featuring a washer and dryer. The units have been freshly painted and updated with new flooring, and are all smoke and pet-free.

Financial statements detailing monthly income and expenses are available for review, making this property an attractive income-generating opportunity. The land size is approximately 150 x 450, spanning between .5 and 9.99 acres, and the property is conveniently located near highways, recreational areas, and shopping facilities.

Situated at 331 GRAND BAY Road W in the city of PORT AUX BASQUES, Newfoundland & Labrador, this property is currently for sale. With a postal code of A0M1C0, the property features 3 stories and is classified as a Residential Commercial Mix. Heating is provided by electric fuel, making this an attractive and modern investment opportunity.