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$ 499,000
Est. payment /mo
Active
66 West Valley Road Corner Brook, NL A2H2Y2
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
MLS® Listing ID 1292212
Year Built 1940
Property Sub-Type Freehold
Source Newfoundland & Labrador Association of REALTORS®
Property Description
66 West Valley Road is an exceptional income property located in the heart of Corner Brook. This well-maintained three-unit home offers versatility and excellent returns — ideal for both investors seeking reliable cash flow and homeowners looking to live affordably while building equity. The property includes three self-contained apartments: a spacious 4-bedroom main unit, a 3-bedroom above-ground apartment, and a 2-bedroom basement apartment. For the owner-occupier, this setup is hard to beat. Live comfortably in one apartment while rental income from the other two covers the mortgage and property expenses. It's an opportunity to enjoy the benefits of home ownership without the full financial burden, all while building long-term value. For the investor, this property offers consistent rental demand, recent upgrades, and an excellent location. With solid rents and reasonable expenses, the building generates positive cash flow and strong return potential from day one. Recent over the past 10 years include new siding, windows, doors, and shingles, R-50 attic insulation (2016), a 200-amp breaker panel, modern flooring and paint throughout, and replacement of water and sewer lines. These improvements ensure lower ongoing costs and reduced future maintenance. Located on a city bus route with plenty of parking and close to schools, shopping, and downtown amenities, the property is convenient for tenants and owners alike. All kitchen appliances in the three apartments are included. Whether you're looking to expand your portfolio or own a home that practically pays for itself, 66 West Valley Road stands out as one of Corner Brook's best income property opportunities. (id:24570)
Location
Province NL
Rooms
Kitchen 0.0
Interior
Heating Forced air, Hot water radiator heat, Radiant heat,
Flooring Other
Exterior
Parking Features No
Fence Partially fenced
View Y/N No
Private Pool No
Building
Sewer Municipal sewage system
Others
Ownership Freehold
Virtual Tour https://youtu.be/RBa0MOd1AcU
Listed by K.S.A.B. Construction Ltd.