$59,900 → $49,900, −17%$49,900
11 Point Road
Virgin Arm, NL
MLS® 1293288
Inquiries handled by Turner Realty Team
Beds
3
Baths
1
Year
1970
DOM
301
Type
Single Family
Monthly cost
- About $361 a monthprincipal and interest plus property tax (listing record)
- Income needed: about $14,000 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
Investment Gold: Turnkey 3-Bedroom Home with Instant Cash Flow! Attention investors! Secure a highly desirable, well-kept 3-bedroom rental that delivers exceptional returns from day one. This property is a testament to solid maintenance and offers strong tenant appeal, making it a truly resilient investment. Key Investment & Property Features: Immediate Capital Flow: The unit is occupied by reliable, long-standing tenants who wish to remain, ensuring a seamless acquisition and guaranteed, uninterrupted income immediately upon closing. High-Demand Rental: The 3-bedroom configuration is a prime market segment, attracting stable, long-term tenants (families or groups) and commanding competitive rental rates. Tenant Appeal & Comfort: Tenants benefit from the cozy efficiency of wood heat, supplemented by reliable baseboard electric—a popular and cost-effective heating solution. Condition: The property is described as well kept, indicating pride of ownership and minimizing immediate maintenance concerns for the investor. Unique Bonus Amenity: A versatile outdoor wood shed/man cave provides extra storage and flexible space, adding significant value and appeal to the current tenant. Investment Highlight: This is a fantastic "set-it-and-forget-it" investment. It's a cash-flowing asset where the heavy lifting (finding and keeping tenants) is already done. Start earning immediately! Don't miss this chance to add a stable, high-yield asset to your portfolio.
Pricing & Timeline
List price$69,900
Original list price$79,900
Listed2025-12-14
Days on market301
Property Details
Structure
TypeSingle Family
StyleDetached
Title to LandFreehold
Year built1970 (Approximate)
Beds above grade3
FoundationPiers,Walkout
ExteriorVinyl
RoofShingle - Asphalt
Systems & Utilities
HeatingBaseboard,Wood
WaterShared,Well
SewerSeptic
Parking & Access
GarageNone
DrivewaySingle
RoadPublic
Disclosures
UFFINo
ZoningResidential
Room-by-room dimensions
| Floor | Room | Size |
|---|---|---|
| MAIN FLOOR | FOYER | 6.2 x 9.2 ft |
| MAIN FLOOR | DINING ROOM | 6.8 x 11.6 ft |
| MAIN FLOOR | BEDROOM | 10 x 9.4 ft |
| MAIN FLOOR | KITCHEN | 11.4 x 12 ft |
| MAIN FLOOR | FAMILY ROOM | 12.6 x 11.5 ft |
| MAIN FLOOR | BEDROOM | 7.4 x 10 ft |
| MAIN FLOOR | BEDROOM | 7.4 x 8.9 ft |
| MAIN FLOOR | BATH | 7.3 x 9.2 ft |
Included appliances & features
FridgeStoveWoodstove(s)
Tax & Lot Information
Taxes & Fees
Property taxes$240
Lot
Property sizeUnder 0.5 Acres
ZoningResidential
DistrictCentral
Sub-districtTwillingate / Fogo
Location
Price history
−$10,000 (−12.5%)Originally listed$79,900on Dec 14, 2025
Reduced to$69,900on Jul 3, 2026
Days on market: 301
AI-generated narration · read the transcript
8 Point Road, Virgin Arm NL. Listed at $69,900. 3 bedrooms, 1 bathroom. Investment Gold: Turnkey 3-Bedroom Home with Instant Cash Flow! Attention investors! Secure a highly desirable, well-kept 3-bedroom rental that delivers exceptional returns from day one. This property is a testament to solid maintenance and offers strong tenant appeal, making it a truly resilient investment. Key Investment & Property Features: Immediate Capital Flow: The unit is occupied by reliable, long-standing tenants who wish to remain, ensuring a seamless acquisition and guaranteed, uninterrupted income immediately upon closing. High-Demand Rental: The 3-bedroom configuration is a prime market segment, attracting stable, long-term tenants (families or groups) and commanding competitive rental rates. Tenant Appeal & Comfort: Tenants benefit from the cozy efficiency of wood heat, supplemented by reliable baseboard electric—a popular and cost-effective heating solution. Condition: The property is described as well kept, indicating pride of ownership and minimizing immediate maintenance concerns for the investor. Unique Bonus Amenity: A versatile outdoor wood shed/man cave provides extra storage and flexible space, adding significant value and appeal to the current tenant. Investment Highlight: This is a fantastic "set-it-and-forget-it" investment. Listing courtesy of Outport Realty Inc. - Grand Falls-Windsor, NLAR MLS number 1293297. Royal LePage Turner Realty, 709-256-7999.
Street view
Imagery © Google — Open full panorama in Google Maps
Listing courtesy of Outport Realty Inc. - Grand Falls-Windsor — NLAR MLS® #1293297
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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.