32 Cherry Crescent Springdale, Newfoundland & Labrador A0J 1T0

$169,000

Fantastic opportunity to own a versatile and income-generating triplex in a well-established neighbourhood. This solid property features three self-contained units, making it ideal for investors seeking strong rental income or homeowners looking for a mortgage helper or multi-generational living. The layout includes two spacious upstairs units, each with 2 bedrooms, comfortable living spaces, and one unit offering a bonus office or playroom—perfect for remote work, a nursery, or creative space. While both upstairs units are functional and currently rented, they would benefit from some cosmetic TLC, offering an excellent opportunity to add value through light renovations or modernization. The fully renovated basement suite is a standout feature, boasting multiple rooms that can be customized for a variety of uses such as additional bedrooms, home office setups, a media room, or extended family space. This unit is currently vacant and move-in ready—ideal for setting market rent or for owner occupancy.Each unit has access to its own private garden shed, offering rare outdoor storage and additional utility for tenants. Shared laundry facilities are conveniently located in the basement, and parking is available on-site.Significant mechanical and structural upgrades have already been completed, including a new roof, windows, and front porch (2011). A new hot water tank has also been installed recently. The electrical system includes a 100-amp shared between two units and a separate 125amp for the third unit, helping to accommodate modern tenant needs. Two units are currently tenanted with long-term renters, while the vacant basement suite offers immediate income potential or flexibility for personal use. Whether you're a seasoned investor looking to grow your portfolio, a first-time buyer seeking a property with supplemental income. No oil heat in use. Using Hyro only. (id:60626)

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