Fantastic Investment Property - 13-unit building, fully upgraded with modern finishes. This impressive building offers a total of 13 Modern rental units, making it an ideal income-generating investment. The upper level features 7 efficiency units, while the main floor includes a handicap-accessible efficiency unit and a spacious 5-bedroom, 2-bathroom unit with a shared kitchen and ground-level patio – perfect for group accommodations. Each unit is fully furnished and equipped. The building also provides shared laundry facilities equipped with 3 washers and 3 dryers, as well as a two-bay garage with double doors for additional storage or rental income. Originally renovated from top to bottom in 2024/2025, the building was modernized with high-quality materials and systems. Upgrades include all new plumbing with 1.5-inch water lines and triple 8-inch sewer outlet lines, two 200-gallon hot water tanks (for a total of 400 gallons) with hot water on demand, 400 amp single-phase electrical service, a fire system - Simplex 4007 ES Fire Alarm panel and efficient heating (3000 watts) paired with 3500 BTU air conditioning for comfort. Zoned Medium Density Residential, this property offers excellent flexibility and potential. The exterior showcases durable asphalt shingles, brick accents, and low-maintenance vinyl siding. Whether you’re expanding your investment portfolio or looking for a turnkey rental property, this building is a rare find with strong income potential. (id:63340)
Listing Details
Listing Title
Business for Sale
Property Type
Business
Location
Wabush, Newfoundland & Labrador
Reference #
1287575
Last Updated
Aug. 01, 2025
Save this search & your E-mail notification preferences
Note: Please select Location OR Region At least.
New Listing & Price Reduction Email notification preferences.
Data is supplied by CREA who is the owner of the copyright in its MLS®System. Data provided is deemed reliable but is not guaranteed accurate by CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.
