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16 A/B and 18 Currie Avenue
homes for sale · Port aux Basques
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$1,300,000

16 A/B and 18 Currie Avenue

Port aux Basques · MLS® 1285222

House · Multi-family · 522 days on market

listed by Scott Strickland, Hanlon Realty

realtor's description

Now offering this one-of-a-kind investment opportunity in downtown Port aux Basques. The well-established Shark Cove Suites and Rentals is a turn-key opportunity waiting for new owners. This package includes two apartment buildings, a warehouse-style building with 2 residential units, and a serviced RV park area. The first building, 16 A Currie Avenue, has six two- bedroom units and two one-bedroom units. The second building, 16B Currie Avenue, has six three-bedroom units. The third building, 18 Currie Avenue, has two residential units, for a total of sixteen units in all. Twelve of the sixteen units come fully furnished. All units have their own laundry facility. These units can be utilized as long-term, weekly, or daily rentals, or a combination of the three. 18 Currie Avenue, the former Follows Wholesale building and later the Shark Cove Restaurant and Lounge, has two residential units upstairs and loads of space on the main floor to develop into additional business ventures or simply use as storage. Also included is a recently developed RV park with 18 serviced units for those travelers awaiting a ferry crossing or a long cross-island trek. This addition to the business is showing steady growth in peak tourist season. This well-established business is a turn-key opportunity with growth potential. If you are in the market to broaden your investment portfolio or be your own boss, contact today to find out more.

property details

type
House, Multi-family
parking
0
property tax
$12,000 / yr
days on market
522
MLS®
1285222

monthly cost

$6,664/mo
Mortgage $5,664 · Tax $1,000

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.

estimated payment
$5,664/ monthly
loan $1,040,000
25-year amortization
total interest
$659,193
cash to close
$260,000
down payment; transfer tax and fees not included
total paid
$1,699,193

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer.

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listed by
Scott Strickland
Hanlon Realty
call Scott · 709-694-3335
Powered by: REALTOR.ca

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location

Port aux BasquesGoogle Maps ↗

location

Port aux BasquesGoogle Maps ↗
0

Walkability 0/100 · Car needed for most errands

Nothing everyday within a 10 minute walk.

mihom score from OpenStreetMap places, by straight line distance.

nothing comparable on the market right now.