Attention Investors! Great income-generating opportunity at an attractive price point, with two rental units currently occupied and generating income. Located on Bell Island, just a short ferry ride from St. John’s and within easy reach of amenities, this property offers an excellent opportunity for investors looking for affordable real estate with rental income potential. This bright and spacious two-storey home features two separate apartments, both currently rented. The main floor offers a one-bedroom apartment with its own separate entrance and convenient in-unit laundry. The upper level features a spacious three-bedroom apartment with its own private entrance and hookups for a stackable washer and dryer. Numerous significant upgrades have been completed in recent years, including the roof, siding, windows, electrical and plumbing, as well as Durafoam 7.5R insulation in 2018. More recent improvements include a new front door in 2023, a new front step in 2026, and redone stairs in September 2026. The property also retains plenty of its original charm and character, including hardwood floors, wooden doors and trim. The existing two-apartment configuration offers excellent flexibility for an investor, while the layout could also be converted back to a single-family dwelling if desired. Two units. Both rented. Significant upgrades. Affordable price point. Income-generating potential. Whether you're an experienced investor looking to expand your portfolio or a first-time investor searching for an entry point into income-producing real estate, 7 Bown Street is a property worth a closer look. (id:4069)
Address
7 Bown Street
List Price
$179,900
Property Type
Single Family
Type of Dwelling
Two Apartment House
Style of Home
2 Level
Transaction Type
Sale
Area
Newfoundland & Labrador
Sub-Area
Bell Island
Bedrooms
4
Bathrooms
2
Floor Area
1,800 Sq. Ft.
Lot Size
90X113 Sq. Ft.
Year Built
1950
MLS® Number
1302826
Listing Brokerage
EXIT Realty Aspire
Postal Code
A0A4H0
Zoning
RES
Ownership
Freehold
Appliances
Refrigerator, Stove, Washer, Dryer
Heat Source
Propane
Heat Type
Forced air
Foundation Details
Concrete
Water Source
Municipal water
Sewer
Municipal sewage system
