23-29 Bowater Avenue Lewisporte, Newfoundland & Labrador A0G 3A0

$399,000

5-Plex in Lewisporte — Solid Investor Opportunity This centrally located 5-plex in Lewisporte sits in a welcoming community with easy access to recreational facilities, ball fields, basketball courts, playgrounds, and schools, ensuring residents enjoy convenience and a family-friendly lifestyle. All units are currently rented, providing immediate cash flow for investors. The property features four 3-bedroom, 1.5-bath units and one 2-bedroom, 1-bath unit. The layout offers a versatile mix to attract a range of tenants, from families to professionals, while the strong rental demand in this area supports sustained occupancy. Its proximity to schools, parks, and community amenities enhances appeal, and Lewisporte’s growth prospects add potential for future appreciation. This turnkey opportunity delivers reliable income with room for upside through prudent management, potential renovations, and strategic lease-up in a market known for stable yields and a tight housing supply. (id:17991)

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https://www.realtor.ca/real-estate/29489870/23-29-bowater-avenue-lewisporte