16-20 Monkstown Road Arnold's Cove, Newfoundland & Labrador A0B 1A0

$549,000

Discover an exceptional investment opportunity in the welcoming coastal community of Arnold’s Cove, NL with this well-maintained 4-unit residential property. Two of the four units are currently rented to reliable tenants, providing immediate income from day one, while the remaining two units present excellent potential for added rental revenue. Perfectly situated, the building is within easy reach of key amenities including a K–12 school, grocery store, pharmacy, hardware store, restaurants, and local services, making it an ideal location for steady year-round tenancy. Arnold’s Cove serves as a major service hub on the Avalon Isthmus and benefits from a diverse employment base. Residents work in regional industries such as trades, construction, seafood processing, marine services, manufacturing, and the nearby oil transshipment operations. With employers in the area drawing workers from surrounding communities, rental demand remains stable and consistent. The town also offers a relaxed quality of life with scenic coastal walking trails, beautiful viewpoints, and close proximity to Clarenville and St. John’s, making it appealing for residents who value both convenience and tranquility. This property is a smart addition to any investment portfolio, offering current cash flow, strong long-term potential, and the rare chance to own a multi-unit income property in a growing rural hub. Don’t miss the opportunity to secure a solid, versatile investment in one of Newfoundland’s most charming and strategically located communities. (id:47656)

Property Details

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https://www.realtor.ca/real-estate/29118849/16-20-monkstown-road-arnolds-cove