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Maxime Grondin

max.grondin@engelvoelkers.com +1(613) 324-2553

$ 69,900

Est. payment -/mo

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Active

24 Point Road Virgin Arm, NL A0G1P0

4 Beds

1 Bath

1,040 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Leasehold

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1040

Square Footage 1,040 sqft

Price per Sqft $67

MLS® Listing ID 1293300

Bedrooms 4

Year Built 1970

Property Sub-Type Leasehold

Property 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:24570)

Location

Province NL

Rooms

Kitchen 1.0

Extra Room 1 Main level 12.2 x 10.8 ft Bedroom

Extra Room 2 Main level 12.6 x 10 ft Bedroom

Extra Room 3 Main level 9 x 11.6 ft Bedroom

Extra Room 4 Main level 6 x 8.7 ft Bath (# pieces 1-6)

Extra Room 5 Main level 12.5 x 10.2 ft Bedroom

Extra Room 6 Main level 19.3 x 13.7 ft Living room

Interior

Heating , ,

Flooring Laminate, Other

Fireplaces Type Woodstove

Exterior

Parking Features No

View Y/N No

Roof Type Unknown

Attached Garage No

Garage No

Private Pool No

Building

Story 1

Sewer Septic tank

Others

Ownership Leasehold

Listed by Outport Realty Inc. - Grand Falls-Windsor

NEARBY SCHOOLS & PROPERTIES

Maxime Grondin

Salesperson

+1(613) 324-2553

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