8 Cloud Drive, Roddickton, Newfoundland & Labrador, A0K 4P0

MLS® # 1300799

Commercial For Sale In Roddickton, Newfoundland and Labrador

$350,000

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8 Cloud Drive, Roddickton, Newfoundland & Labrador, A0K 4P0

$350,000

Property Information:

Exceptional investment opportunity offering multiple income streams and tremendous upside! This impressive 6,300 sq. ft. income-producing property features five self-contained one-bedroom apartments along with four established nightly rental units, making it an ideal addition to any investment portfolio. Extensively upgraded with major capital improvements already completed, the property boasts a new 600-amp electrical service, all new plumbing, a high-tech security/alarm system, and a new interconnected smoke alarm system, providing added peace of mind and modern safety standards. The building also offers two shared laundry facilities for tenant and guest convenience, as well as an attached garage at the rear of the property, providing valuable storage or additional operational space. Investors will appreciate the property's future growth potential with an undeveloped area that offers the possibility of creating an additional rental unit (subject to any required approvals), allowing for even greater revenue opportunities. Currently, two of the long-term apartments are rented, with the remaining three units expected to be leased in September 2026, providing immediate and increasing rental income. Combined with the established nightly rental units, this property offers a diversified revenue stream and outstanding cash-flow potential. Whether you're looking to expand your portfolio or acquire a turnkey investment with significant upside, this is a rare opportunity to own a versatile, well-updated asset with strong current income and room for future growth. (id:27)

Building Features:

Building Type: Multi-Family
Construction Style - Attachment: Detached
Floor Space: 6300 sqft Square Feet
Heating Type: Forced air
Heating Fuel: Electric

Property Features:

OwnershipType: Freehold
Property Type: Other
Built in: 1986
Floor Space (approx): 6300 Square Feet
Irregular: Yes
Lot Size: 2.37 Acres
Zoning: Mix
Sewer: Municipal sewage system

Courtesy of: 3% Realty East Coast

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Location of 8 Cloud Drive, Roddickton, Newfoundland & Labrador, A0K 4P0

Lifestyle
Neighbourhood

Demographic Information of 8 Cloud Drive, Roddickton, Newfoundland & Labrador, A0K 4P0

Life Stage

Older Couples

Employment Type

Blue Collar/Primary

Average Household Income

$84,027.87

Average Number of Children

1.50

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

38.99 %

High school certificate or equivalent

35.54 %

Apprenticeship trade certificate/diploma

8.48 %

College/non-university certificate

11.87 %

University Degree

5.12 %

Commuter

Travel To Work

By Car

99.98 %

By Public Transit

0.0 %

By Walking

0.0 %

By Bicycle

0.0 %

By Other Methods

0.02 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

Houses

100.0 %

Own Vs. Rent

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Property Information:

Building Features:

Property Features:

Market Price Trends

Location of 8 Cloud Drive, Roddickton, Newfoundland & Labrador, A0K 4P0

Demographic Information of 8 Cloud Drive, Roddickton, Newfoundland & Labrador, A0K 4P0

Household Population

Household Structure

Age of Population

Education

Education Level

Commuter

Travel To Work

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Own Vs. Rent

8 Cloud Drive, Roddickton, Newfoundland & Labrador, A0K 4P0

Please contact your agent directly about this listing

Please contact your agent directly about this listing

Please contact your agent directly about this listing