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mihom.ca is operated by Dan Robbins, REALTOR®, Pemberton Holmes Ltd.

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8 Point Road
homes for sale · Virgin Arm
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$69,900

8 Point Road

Virgin Arm · MLS® 1293297

31

820 sq ft · House · Single Family · built 1970 · 313 days on market

listed by Glenn Gallant, Outport Realty Inc. - Grand Falls-Windsor

realtor's description

Investment Gold: Turnkey 3-Bedroom Home with Instant Cash Flow! Attention investors! Secure a highly desirable, well-kept 3-bedroom rental that delivers exceptional returns from day one. This property is a testament to solid maintenance and offers strong tenant appeal, making it a truly resilient investment. Key Investment & Property Features: Immediate Capital Flow: The unit is occupied by reliable, long-standing tenants who wish to remain, ensuring a seamless acquisition and guaranteed, uninterrupted income immediately upon closing. High-Demand Rental: The 3-bedroom configuration is a prime market segment, attracting stable, long-term tenants (families or groups) and commanding competitive rental rates. Tenant Appeal & Comfort: Tenants benefit from the cozy efficiency of wood heat, supplemented by reliable baseboard electric—a popular and cost-effective heating solution. Condition: The property is described as well kept, indicating pride of ownership and minimizing immediate maintenance concerns for the investor. Unique Bonus Amenity: A versatile outdoor wood shed/man cave provides extra storage and flexible space, adding significant value and appeal to the current tenant. Investment Highlight: This is a fantastic ""set-it-and-forget-it"" investment. It's a cash-flowing asset where the heavy lifting (finding and keeping tenants) is already done. Start earning immediately! Don't miss this chance to add a stable, high-yield asset to your portfolio.

property details

type
House, Single Family
bedrooms
3
bathrooms
1
living area
820 sq ft
parking
0
year built
1970
property tax
$240 / yr
days on market
313
MLS®
1293297
listed by
Glenn Gallant
Outport Realty Inc. - Grand Falls-Windsor
call Glenn · 709-486-8006
Powered by: REALTOR.ca

similar homes nearby

features

  • Refrigerator
  • Stove

monthly cost

$325/mo
Mortgage $305 · Tax $20

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

estimated payment
$305/ monthly
loan $55,920
25-year amortization
total interest
$35,444
cash to close
$13,980
down payment; transfer tax and fees not included
total paid
$91,364

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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location

Virgin ArmGoogle Maps ↗

location

Virgin ArmGoogle 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.

24 Point Road, Virgin Arm
24 Point Road, Virgin Arm, photo 2
24 Point Road, Virgin Arm, photo 3
24 Point Road, Virgin Arm, photo 4
24 Point Road, Virgin Arm, photo 5
24 Point Road, Virgin Arm, photo 6
24 Point Road, Virgin Arm, photo 7
24 Point Road, Virgin Arm, photo 8
House
$69,900
4methe deep dive
24 Point Road
Virgin Arm313 days on market
listed by Outport Realty Inc. - Grand Falls-Windsor
411,040 sq ft
MLS® 1293300
11 Point Road, Virgin Arm
11 Point Road, Virgin Arm, photo 2
11 Point Road, Virgin Arm, photo 3
11 Point Road, Virgin Arm, photo 4
11 Point Road, Virgin Arm, photo 5
11 Point Road, Virgin Arm, photo 6
11 Point Road, Virgin Arm, photo 7
11 Point Road, Virgin Arm, photo 8
House
$49,900
4methe deep dive
11 Point Road
Virgin Arm313 days on market
listed by Outport Realty Inc. - Grand Falls-Windsor
11770 sq ft
MLS® 1293288