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$ 399,000
Est. payment /mo
Active
23-29 Bowater Avenue Lewisporte, NL A0G3A0
UPDATED:
Key Details
Property Type Commercial
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
MLS® Listing ID 1295341
Style 2 Level
Year Built 1960
Property Sub-Type Freehold
Property Description
5-Plex in Lewisporte — Solid Investor Opportunity This centrally located 5-plex in Lewisporte sits in a welcoming community with easy access to recreational facilities, ball fields, basketball courts, playgrounds, and schools, ensuring residents enjoy convenience and a family-friendly lifestyle. All units are currently rented, providing immediate cash flow for investors. The property features four 3-bedroom, 1.5-bath units and one 2-bedroom, 1-bath unit. The layout offers a versatile mix to attract a range of tenants, from families to professionals, while the strong rental demand in this area supports sustained occupancy. Its proximity to schools, parks, and community amenities enhances appeal, and Lewisporte's growth prospects add potential for future appreciation. This turnkey opportunity delivers reliable income with room for upside through prudent management, potential renovations, and strategic lease-up in a market known for stable yields and a tight housing supply. (id:24570)
Location
Province NL
Rooms
Kitchen 0.0
Interior
Heating Baseboard heaters,
Exterior
Parking Features No
View Y/N No
Attached Garage No
Garage No
Private Pool No
Building
Sewer Municipal sewage system
Architectural Style 2 Level
Others
Ownership Freehold
Listed by Keller Williams Platinum Realty - Gander
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