24 Point Road, Virgin Arm, Newfoundland & Labrador A0G1P0

24 Point Road
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Rare Find! Income-Producing 4-Bedroom Home with Exclusive Land Opportunity! Discover this exceptionally beautifully kept 4-bedroom residence, offering spacious living. This property appeals equally to investors seeking stability and future homeowners planning for a move-in. The Investment & Living Advantage: Immediate Stability: The property is currently occupied by reliable tenants who wish to remain, providing immediate rental income for an investor. Spacious & Immaculate: This home is beautifully kept and features four generously sized bedrooms. Heart of the Home: Enjoy the large, inviting spacious living room and a remarkable eat-in kitchen, which serves as the perfect central hub for family life. Newer Storage: Includes a newer 8 x 16 foot wood shed, providing ample, protected outdoor storage. The Crown Land Financial Benefit: What truly sets this property apart is the highly advantageous land tenure: Low Cost & Exclusive Use: The home is situated on Crown Land with a current annual fee of just $50 per year, offering an incredibly low holding cost. Path to Ownership: Modern processes allow the buyer to easily purchase the land outright. This transforms the low-cost lease into a Fee Simple title, significantly increasing the property's equity and long-term value! (Buyer to verify all land purchase details with the appropriate authority) This unique offering provides a well-maintained, cash-flowing asset with the massive added benefit of easily converting the land tenure for maximum future equity and appreciation. Whether you're looking for an immediate investment or planning your family's future home, this property delivers.

Property Specifications

Comprehensive breakdown of features and details.

Interior Details

AppliancesRefrigerator, Stove
Bathrooms Partial0
Bathrooms Total1
Bedrooms Total4
Fireplace FeaturesWood, Woodstove
FireplaceTrue
Fireplaces Total1
FlooringLaminate, Other
HeatingOil, Electric, Wood
Living Area1040 sqft

Building & Exterior

Exterior FeaturesVinyl siding
Foundation DetailsWood
Stories1.0
Year Built1970

Land & Location

Lot Size Dimensions92 x 200 ft

Listing & Financials

Listing OfficeOutport Realty Inc. - Grand Falls-Windsor
Originating System NameNewfoundland & Labrador Association of REALTORS®

Other Specifications

Common InterestLeasehold
CountryCanada

For Sale

$129,900

24 Point Road, Virgin Arm, Newfoundland & Labrador A0G1P0

Beds

4

Baths

1

Living Area

1,040 sqft

Lot Size

-

Property Type

House

Year Built

1970

Listing ID1293300

Location & Map

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