4 Centennial Drive, Lewisporte, Newfoundland & Labrador

About This Property

Two-unit investment home in Lewisporte, a welcoming coastal community known for its scenic harbor, nearby marina and yacht club, and easy access to boating, fishing, and outdoor recreation. This property presents a genuine opportunity for investors or owner-occupants seeking to offset their mortgage while enjoying waterfront lifestyle benefits. The main level offers a three-bedroom, one-bath unit, while the basement hosts a separate two-bedroom apartment; both units are self-contained with their own electrical panels, private entrances, and separate laundry, and there is private parking for both units plus a small basement storage area. Each unit is heated with electric heat, providing a straightforward, efficient heating solution, and all major appliances are included in the sale, simplifying tenant readiness and move-in timelines. For investors, this setup supports strong cash-flow potential—whether renting both units, living in one and renting the other, or leveraging the 2- unit as part of a broader portfolio strategy. The property benefits from recent updates, including siding and shingles replacement in 2022, plus a 200-amp main panel for the main level and a 125-amp panel for the basement. The area’s maritime character, stable local services, and access to waterfront activities add tangible lifestyle value for tenants, while the robust coastal economy and steady demand for rental properties in Lewisporte enhance long-term investment prospects. This property represents a solid portfolio addition or mortgage-offset opportunity in a sought-after Lobster and boating region, combining practical income potential with the appeal of seaside living.