$699,000 19-29 Bowater Avenue
Lewisporte, Newfoundland & Labrador
Details
Combo Package: 5-Plex and 4-Plex in Lewisporte — Strong Investor Portfolio This centrally located investment package combines a turnkey 5-plex and a turnkey 4-plex in Lewisporte, offering immediate cash flow in a friendly, family-oriented community with close proximity to recreational facilities, ball fields, basketball courts, playgrounds, and schools. All units across both properties are currently rented, ensuring steady occupancy and reliable income from day one. The 5-plex comprises four 3-bedroom, 1.5-bath units and one 2-bedroom, 1-bath unit. The 4-plex features two 3-bedroom, 1-bath units and two 1-bedroom, 1-bath units, with 125-amp service panels (NEW), ensuring consistent electrical performance across the portfolio. The layouts across both properties support diverse tenant profiles—families, professionals, and students—while Lewisporte’s tight housing market supports ongoing demand and potential appreciation. This package offers immediate income with the opportunity to optimize lease terms, pursue strategic upgrades, and leverage cross-property management efficiencies. Investors will benefit from stable yields, centralized locations, and room for future upside as the market evolves and demand for well-maintained, centrally located rental properties remains strong. (id:2887)
Property Specifics:
- MLS® Number 1295342
- Price $699,000
- Location Lewisporte, Newfoundland & Labrador
- Building Type Other
- Bedrooms 0
- Heating ,Electric
- Sewer Municipal sewage system
- Garage No
Listing Agent
This listing provided by:
Keller Williams Platinum Realty - Gander
Phone:(709) 753-4454
Agent: Carla Kinden
MLS®, REALTOR®, and the associated logos are trademarks of The Canadian Real Estate Association
