Description
Rare Find! Income-Producing 4-Bedroom Home with Exclusive Land Opportunity! Discover this exceptionally beautifully kept 4-bedroom residence, offering spacious living. This property appeals equally to investors seeking stability and future homeowners planning for a move-in. The Investment & Living Advantage: Immediate Stability: The property is currently occupied by reliable tenants who wish to remain, providing immediate rental income for an investor. Spacious & Immaculate: This home is beautifully kept and features four generously sized bedrooms. Heart of the Home: Enjoy the large, inviting spacious living room and a remarkable eat-in kitchen, which serves as the perfect central hub for family life. Newer Storage: Includes a newer 8 x 16 foot wood shed, providing ample, protected outdoor storage. The Crown Land Financial Benefit: What truly sets this property apart is the highly advantageous land tenure: Low Cost & Exclusive Use: The home is situated on Crown Land with a current annual fee of just $50 per year, offering an incredibly low holding cost. Path to Ownership: Modern processes allow the buyer to easily purchase the land outright. This transforms the low-cost lease into a Fee Simple title, significantly increasing the property's equity and long-term value! (Buyer to verify all land purchase details with the appropriate authority) This unique offering provides a well-maintained, cash-flowing asset with the massive added benefit of easily converting the land tenure for maximum future equity and appreciation. Whether you're looking for an immediate investment or planning your family's future home, this property delivers. (id:13843)
Details
| MLS # | 1293300 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Status | Active |
| Year | 1970 |
| Days On Site | 309 |
| Listing Provided By | Outport Realty Inc. - Grand Falls-Windsor | Glenn Gallant |
Features
| Bed(s) | 4 |
|---|---|
| Bath(s) | 1 Total |
| SQ Feet | 1,040 |
| Story(s) | 1 |
| Zoning | residential |
Interior
| Heating | Oil, Electric, Wood |
|---|---|
| Appliances | Refrigerator, Stove |
| Fireplace Yes / No | Yes |
| Fireplace Features | Wood, Woodstove |
| Fireplaces Total | 1 |
Exterior
| Roof | Asphalt shingle, Unknown |
|---|---|
| Foundation Details | Wood |
Utilities
| Sewer | Septic tank |
|---|---|
| Water Source | Well |
Taxes
| Tax Annual Amount | 240 |
|---|
Area Information
| Province | NL |
|---|---|
| City | Virgin Arm |
| Postal Code | A0G1P0 |
| Listing VS Median (in A0G1P0) | |
Price: $69,900 low | high Med: $69,900 sqft: 1,040 low | high Med: 1,040 $ / sqft: $67 low | high Med: $67 On site: 309 low | high Med: 309 | |
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Learn More About This Property
| Province | NL |
|---|---|
| City | Virgin Arm |
| Postal Code | A0G1P0 |
| Listing VS Median (in A0G1P0) | |
Price: $69,900 low | high Med: $69,900 sqft: 1,040 low | high Med: 1,040 $ / sqft: $67 low | high Med: $67 On site: 309 low | high Med: 309 | |