$79,900 → $69,900, −13%$69,900
8 Point Road
Virgin Arm, NL
MLS® 1293297
Inquiries handled by Turner Realty Team
Beds
1
Baths
1
Year
1970
DOM
301
Type
Single Family
Monthly cost
- About $263 a monthprincipal and interest plus property tax (listing record)
- Income needed: about $10,000 a yearat a 32% GDS; excludes heat and condo fees
At 5.49%, 20% down, 25 years. An estimate, not a mortgage approval. Change these in the calculator.
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About this property
Prime Investment Alert! Immediate Cash Flow Opportunity! This is your chance to acquire a turnkey rental property and enter the real estate investment market with confidence! Located in a desirable area, this property is poised to deliver outstanding returns from day one. Key Investment Highlights: Instant Income: The property includes a long-standing, reliable tenant who wishes to remain, ensuring immediate, uninterrupted rental income and returning capital from the moment of closing. Expansion Potential: Don't just settle for one unit! A dedicated (approximately 300 downstairs with potential on the second floor) storage area is situated beside the existing apartment. This space was originally slated for conversion into a second rental unit (e.g., a studio or 1-bedroom suite). This offers a clear path to significantly boosting your ROI through future value-add development (subject to municipal approvals). Hassle-Free Transition: Benefit from an established tenancy, eliminating the time and expense of marketing, screening, and initial leasing. Don't miss out on this exceptional chance to secure a cash-flowing asset with built-in potential for future revenue growth.
Pricing & Timeline
List price$49,900
Original list price$59,900
Listed2025-12-14
Days on market301
Property Details
Structure
TypeSingle Family
StyleDetached
Title to LandFreehold
Year built1970
Beds above grade1
FoundationConcrete Slab
ExteriorVinyl
RoofShingle - Asphalt
Systems & Utilities
HeatingElectric
WaterShared,Well
SewerSeptic
Parking & Access
GarageNone
DrivewaySingle
RoadPublic
Disclosures
UFFINo
Zoningresidential
SignYes
Room-by-room dimensions
| Floor | Room | Size |
|---|---|---|
| MAIN FLOOR | BEDROOM | 6 x 10 ft |
| MAIN FLOOR | BATH | 3 x 12 ft |
| MAIN FLOOR | KITCHEN | 10 x 7 ft |
| MAIN FLOOR | FAMILY ROOM | 8.5 x 17.6 ft |
| MAIN FLOOR | FOYER | 5 x 11 ft |
Included appliances & features
FridgeStove
Tax & Lot Information
Taxes & Fees
Property taxes$240
Lot
Property sizeUnder 0.5 Acres
Zoningresidential
DistrictCentral
Sub-districtTwillingate / Fogo
Location
Price history
−$10,000 (−16.7%)Originally listed$59,900on Dec 14, 2025
Reduced to$49,900on Jul 3, 2026
Days on market: 301
AI-generated narration · read the transcript
11 Point Road, Virgin Arm NL. Listed at $49,900. 1 bedroom, 1 bathroom. Prime Investment Alert! Immediate Cash Flow Opportunity! This is your chance to acquire a turnkey rental property and enter the real estate investment market with confidence! Located in a desirable area, this property is poised to deliver outstanding returns from day one. Key Investment Highlights: Instant Income: The property includes a long-standing, reliable tenant who wishes to remain, ensuring immediate, uninterrupted rental income and returning capital from the moment of closing. Expansion Potential: Don't just settle for one unit! A dedicated (approximately 300 downstairs with potential on the second floor) storage area is situated beside the existing apartment. This space was originally slated for conversion into a second rental unit (e.g., a studio or 1-bedroom suite). This offers a clear path to significantly boosting your ROI through future value-add development (subject to municipal approvals). Hassle-Free Transition: Benefit from an established tenancy, eliminating the time and expense of marketing, screening, and initial leasing. Don't miss out on this exceptional chance to secure a cash-flowing asset with built-in potential for future revenue growth. Listing courtesy of Outport Realty Inc. - Grand Falls-Windsor, NLAR MLS number 1293288. Royal LePage Turner Realty, 709-256-7999.
Street view
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Listing courtesy of Outport Realty Inc. - Grand Falls-Windsor — NLAR MLS® #1293288
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The information contained on this page is based in whole or in part on information that is provided by members of The Canadian Real Estate Association, who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members and assumes no responsibility for its accuracy. Listings are updated daily. Royal LePage Turner Realty (2014) Inc. is a member of The Canadian Real Estate Association.
REALTOR®, REALTORS®, and the REALTOR® logo are certification marks owned or controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service®, and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.