Space
Finished area and layout
- Living Area
- 6,300 sqft
- Bedrooms
- 0
+24 more
0
Bedrooms
6,300 sqft
Living Area
2.37 Acres
Lot
1986
Year Built
Property Snapshot
Key details for this listing
MLS #1300799
Property
Type, style and structure
- Type
- other
- Style
- other / Duplex
- Ownership
- Freehold
- Year Built
- 1986
About This Property
This 0-bedroom other in Roddickton offers 6,300 sqft of living area on a 2.37 Acres lot. Built in 1986. The home features forced air, electric heating.
MLS Remarks
Exceptional investment opportunity offering multiple income streams and tremendous upside! This impressive 6,300 sq. ft. income-producing property features five self-contained one-bedroom apartments along with four established nightly rental units, making it an ideal addition to any investment portfolio. Extensively upgraded with major capital improvements already completed, the property boasts a new 600-amp electrical service, all new plumbing, a high-tech security/alarm system, and a new interconnected smoke alarm system, providing added peace of mind and modern safety standards. The building also offers two shared laundry facilities for tenant and guest convenience, as well as an attached garage at the rear of the property, providing valuable storage or additional operational space. Investors will appreciate the property's future growth potential with an undeveloped area that offers the possibility of creating an additional rental unit (subject to any required approvals), allowing for even greater revenue opportunities. Currently, two of the long-term apartments are rented, with the remaining three units expected to be leased in September 2026, providing immediate and increasing rental income. Combined with the established nightly rental units, this property offers a diversified revenue stream and outstanding cash-flow potential. Whether you're looking to expand your portfolio or acquire a turnkey investment with significant upside, this is a rare opportunity to own a versatile, well-updated asset with strong current income and room for future growth. (id:60351)
Full Listing Details
Address8 Cloud Drive
MLS#1300799
Listing StatusActive
Property TypeOther
TransactionSale
Days on Market95
Common InterestFreehold
Annual Tax$1,911 (2026)
Structure TypeMulti-Family
AttachedAttached
StyleDuplex
Year Built1986
Bedrooms0
Bedrooms Above Grade0
Bedrooms Below Grade0
Living Area6,300 sqft
CityRoddickton
ProvinceNewfoundland & Labrador
Postal CodeA0K4P0
Lot Dimensions2.37 Acres
Zoning DetailsMix
HeatingForced air, Electric
SewerMunicipal sewage system
Water SourceMunicipal water
Annual Tax$1,911 (2026)
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