24 Point Road, Virgin Arm, Newfoundland & Labrador A0G 1P0

Listed for:
$129,900
4 beds
1 baths
Listed 26 days ago
House for rent: 24 Point Road, Virgin Arm, Newfoundland & Labrador A0G 1P0

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Learn more about this property
Listing provided by:
Outport Realty Inc. - Grand Falls-Windsor
MLS® number:
1293300
Agent:
Glenn Gallant
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About

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:27476)

Property Highlights

MLS® Number
1293300
Type
Single Family
Ownership Type
Leasehold
Land Size
92 x 200 ft|under 1/2 acre

Building

Building Type
House
Storeys
1.00
Square Footage
1040 sqft
Bathrooms Total
1
Bedrooms Above Ground
4
Bedrooms Total
4
Exterior Finish
Vinyl siding
Fireplace Present
Yes
Basement Type
Basement Features
Building Heating Type
Heating Fuel
Electric, Oil, Wood
Building Cooling Type

Utilities

Water
Well
Utility Sewer
Septic tank

Room Layout

Bedroom
Main level
12.2 x 10.8 ft
Bedroom
Main level
12.6 x 10 ft
Bedroom
Main level
9 x 11.6 ft
Bath (# pieces 1-6)
Main level
6 x 8.7 ft
Bedroom
Main level
12.5 x 10.2 ft
Living room
Main level
19.3 x 13.7 ft
Kitchen
Main level
14.6 x 12.8 ft
Foyer
Main level
5.5 x 8.5 ft

Location