1591 Topsail Road Paradise, Newfoundland & Labrador A1L 1S7

$499,000

Welcome to 1591 Topsail Road - A registered four-unit property located in Paradise. Offering an amazing view, and direct backyard access to the Neils Pond trail, this opportunity comes with unbeatable convenience - located just steps away from the Paradise shopping centre, schools, grocery stores, drug stores, and more - making it a fantastic long-term investment. The building consists of four fully registered units, all with electric heat. Three one-bedroom units, and one two-bedroom unit with one bath each. The roof, windows, and half of the siding have also been replaced within the last 10 years. Note that the fourth unit requires extensive renovations, making this the perfect flip opportunity while building equity - Live in one unit and rent out the rest. Let the tenants cover your expenses! And once the fourth unit is fixed up, it becomes an even better investment with extra income. With direct pond access, a prime location, and strong rental demand, this multi-unit property offers incredible potential for both homeowners and investors. (id:60626)

Property Details

MLS® Number 1287119
Property Type Single Family
Neigbourhood Valley Ridge

Building

Constructed Date 1970
Heating Fuel Electric
Type Multi-family
Utility Water Municipal Water

Land

Acreage No
Sewer Municipal Sewage System
Size Irregular 58x88x71x82
Size Total Text 58x88x71x82|4,051 - 7,250 Sqft
Zoning Description Res

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