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201 Main Street Springdale, Newfoundland & Labrador A0J 1T0

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2 Level Fireplace Baseboard Heaters

$329,900

Introducing an outstanding investment opportunity at 201 Main Street, Springdale, NL, a remarkable block of units with a blend of residential and commercial prospects. Perfect for the business-savvy investor, first-time homebuyers looking to maximize their purchase, or those seeking to dive into the property market with a sound income-producing asset. This impressive property boasts a substantial nine bedrooms and four full and two half bathrooms across a mix of accommodations, including a three-bedroom house and three additional rental units. Each unit exudes charm with dark wood cabinets, stylish laminate and ceramic flooring, and benefits from modern vinyl siding and windows, ensuring low maintenance and attractive living spaces. Investors will appreciate the mixed zoning, which presents a unique chance to live in one unit while operating a business from another, or simply to maximise rental income across the board. The three-bedroom house is currently tenanted, providing immediate income, while the remaining units offer the potential for further financial reward. For those who desire to live mortgage-free, this is the perfect opportunity. By residing in one unit and leasing out the others, you could effectively live rent-free. With many upgrades throughout the property, this offering is not only turnkey but also a wise investment for the future, selling for below assessed value. With a centrally located address, ample parking for eight plus vehicles, and the allure of significant income potential, this property is poised to be a savvy addition to any portfolio or a smart start for those entering the housing market. Don't miss the chance to secure this multifaceted gem in the heart of Springdale. (id:1704)

Property Details

MLS® Number 1268210
Property Type Single Family
Equipment Type None
Rental Equipment Type None

Building

Appliances Dishwasher, Refrigerator, Washer, Dryer
Architectural Style 2 Level
Constructed Date 1980
Exterior Finish Vinyl Siding
Fireplace Present Yes
Flooring Type Laminate, Other
Foundation Type Concrete
Heating Fuel Electric
Heating Type Baseboard Heaters
Type Multi-family
Utility Water Municipal Water

Land

Acreage No
Sewer Municipal Sewage System
Size Irregular 94+50x77+81x59x62x72
Size Total Text 94+50x77+81x59x62x72|under 1/2 Acre
Zoning Description Mixed

https://www.realtor.ca/real-estate/26560088/201-main-street-springdale


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