Primary photo of 63 Premier Drive, Lewisporte
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Two Apartment House For Sale

$199,900

MLS® Number: 1298182

Bedrooms

4

Bathrooms

2

Floor Area

2,570

Year Built

1962

63 Premier Drive, Lewisporte, Newfoundland & Labrador

About This Property

Located in the heart of Lewisporte, this well-maintained duplex offers an excellent investment opportunity close to schools, shopping, and all major amenities. Each side of the duplex features 2 bedrooms, a spacious living room, functional kitchen, private laundry area, and access to a beautiful mature backyard — perfect for tenants to enjoy outdoor space and privacy. The property is set up with separate breaker panels for each unit, adding convenience for both owners and tenants. Major updates include shingles completed in 2024, providing peace of mind for years to come. Both units are currently tenant occupied, with tenants who would love to stay, making this a fantastic turnkey investment opportunity for anyone looking to grow their rental portfolio in a desirable location. An added bonus is the undeveloped basement space, which already has drywall completed in some areas. Currently used by the tenants for storage, this space offers great potential for future development, allowing the next owner the opportunity to add even more value over time. Whether you’re a seasoned investor or just getting started, this income-generating property is one you won’t want to miss!

Property Details

Interior Details

Appliances

Washer, Dryer

Bathrooms Partial

0

Bathrooms Total

2

Bedrooms Total

4

Flooring

Laminate, Other, Mixed Flooring

Heating

Baseboard heaters, Electric

Living Area

2570 sqft

Building & Exterior

Architectural Style

Bungalow

Exterior Features

Wood shingles, Vinyl siding

Foundation Details

Concrete

Year Built

1962

Land & Location

Lot Size Dimensions

125'X55'X124'X54'

Postal Code

A0G3A0

Listing & Financials

Listing Office

Outport Realty Inc. - Grand Falls-Windsor

Originating System Name

Newfoundland & Labrador Association of REALTORS®

Other Specifications

Common Interest

Freehold

Country

Canada

Mortgage Calculator

20% ($39,980)
5.5%
25 Years

Estimated Monthly Payment

$982

Principal and interest only. Actual rates may vary.

Location & Map

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