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97 - 101 Harvey Street, Harbour Grace, Newfoundland & Labrador, A0A 2M0

MLS® # 1226122

House For Sale In Harbour Grace, Newfoundland and Labrador
$849,900
97 - 101 Harvey Street, Harbour Grace, NL
97 - 101 Harvey Street, Harbour Grace, NL
97 - 101 Harvey Street, Harbour Grace, NL
97 - 101 Harvey Street, Harbour Grace, NL
97 - 101 Harvey Street, Harbour Grace, NL
97 - 101 Harvey Street, Harbour Grace, NL
97 - 101 Harvey Street, Harbour Grace, NL
97 - 101 Harvey Street, Harbour Grace, NL
97 - 101 Harvey Street, Harbour Grace, NL
97 - 101 Harvey Street, Harbour Grace, NL
97 - 101 Harvey Street, Harbour Grace, NL
97 - 101 Harvey Street, Harbour Grace, NL
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97 - 101 Harvey Street, Harbour Grace, Newfoundland & Labrador, A0A 2M0

$849,900

Property Information:

This is a fantastic investment opportunity. The owner is moving his investments in a different direction and is offering this well established and reliable revenue generating property to the next investor with a reasonable rate of investment. The list price is based on the actual rental income which the owner reports is presently set below market rental rates. The annual revenue could be increased by 20% by increasing present rents to the market rental rates. The vacancy rate is near zero as this location is centrally located with easy access, large parking lot and close proximity to Carbonear's amenities. There are a total of 13 living units, 11- 2 bedroom units and 2 - 1 bedroom units and there is a coin operated laundry facility which is lucrative. This property was professionally developed and has been well maintained and the present owner has done renovations and modernizations over the past year improving the condition even more. There is professionally installed fire alarm and sprinklered system in the building. All information is estimated and owner will supply income and expense statement verbally during showings and in writing complete with breakdown once an acceptable offer is received. (id:27)

Building Features:

  • Style: Multiplex
  • Building Type: Multi-Family
  • Architectural Style: 2 Level
  • Construction Style - Attachment: Detached
  • Exterior Finish: Vinyl siding
  • Floor Space: 11317 Square Feet
  • Flooring Type: Other
  • Foundation Type: Concrete
  • Heating Type: Baseboard heaters
  • Heating Fuel: Electric
  • Appliances: Alarm System, Refrigerator, Stove, Washer, Dryer

Property Features:

  • OwnershipType: Freehold
  • Property Type: Single Family
  • Floor Space (approx): 11317.00 Square Feet
  • Lot Size: 206 x 91 x 195 x 100'
  • Zoning: Commercial
  • Sewer: Municipal sewage system

Courtesy of: RE/MAX Eastern Edge Realty Ltd. - Bay Roberts

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Location of 97 - 101 Harvey Street, Harbour Grace, Newfoundland & Labrador, A0A 2M0

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Demographic Information of 97 - 101 Harvey Street, Harbour Grace, Newfoundland & Labrador, A0A 2M0

Life Stage

Older Couples

Employment Type

Blue Collar/Primary

Average Household Income

$62,474.90

Average Number of Children

0.88

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

33.4 %

High school certificate or equivalent

25.86 %

Apprenticeship trade certificate/diploma

16.92 %

College/non-university certificate

12.92 %

University certificate (below bachelor)

0.56 %

University Degree

6.74 %

Commuter

Travel To Work

By Car

84.01 %

By Public Transit

0.0 %

By Walking

0.0 %

By Bicycle

0.0 %

By Other Methods

15.99 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

10.98 %

Houses

85.79 %

Own Vs. Rent