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10-20 Main Road Heart's Delight/islington, Newfoundland & Labrador A0B 2E0

5000 sqft

$699,000

Discover an excellent income-generating property with this well-maintained 7-apartment complex, perfectly situated on a spacious 3.5-acre lot. Offering strong rental potential, this property is an ideal choice for seasoned investors or those looking to expand their real estate portfolio. The complex features seven self-contained apartments, each designed with functionality and comfort in mind. With ample parking and a quiet setting, tenants can enjoy both convenience and privacy. What truly sets this property apart is the development potential. With 3.5 acres of land, there is significant opportunity to create additional building lots or expand the existing complex, unlocking even more value in the future. Whether you’re looking for steady rental income, room for growth, or a long-term investment with strong upside, this property checks all the boxes. (id:49203)

Property Details

MLS® Number 1290410
Property Type Single Family

Building

Constructed Date 1975
Exterior Finish Vinyl Siding
Flooring Type Laminate
Foundation Type Concrete
Heating Fuel Electric
Size Interior 5000 Sqft
Type Multi-family
Utility Water Municipal Water

Land

Acreage No
Sewer Municipal Sewage System
Size Irregular 3.5 Acres
Size Total Text 3.5 Acres
Zoning Description Mixed

https://www.realtor.ca/real-estate/28868993/10-20-main-road-hearts-delightislington

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Rebecca Bowering

(709) 693-3264

Exp Realty
33 Pippy Place, Suite 101
St. John's, Newfoundland & Labrador A1B 3X2

(709) 800-0412
(709) 522-6350