16 A/B and 18 Currie Avenue
Port aux Basques, Newfoundland & Labrador
MLS® 1285222
$1,300,000
- Status
- Active
- Property type
- Multi-family
- MLS® number
- 1285222
- Bedrooms
- —
- Bathrooms
- —
- Year built
- —
1 / 13Listing description
Now offering this one-of-a-kind investment opportunity in downtown Port aux Basques. The well-established Shark Cove Suites and Rentals is a turn-key opportunity waiting for new owners. This package includes two apartment buildings, a warehouse-style building with 2 residential units, and a serviced RV park area.
The first building, 16 A Currie Avenue, has six two- bedroom units and two one-bedroom units. The second building, 16B Currie Avenue, has six three-bedroom units. The third building, 18 Currie Avenue, has two residential units, for a total of sixteen units in all.
Twelve of the sixteen units come fully furnished. All units have their own laundry facility. These units can be utilized as long-term, weekly, or daily rentals, or a combination of the three.
18 Currie Avenue, the former Follows Wholesale building and later the Shark Cove Restaurant and Lounge, has two residential units upstairs and loads of space on the main floor to develop into additional business ventures or simply use as storage. Also included is a recently developed RV park with 18 serviced units for those travelers awaiting a ferry crossing or a long cross-island trek. This addition to the business is showing steady growth in peak tourist season.
This well-established business is a turn-key opportunity with growth potential. If you are in the market to broaden your investment portfolio or be your own boss, contact today to find out more.
Property summary
- MLS® number
- 1285222
- Property type
- Multi-family
- Building type
- Residential Commercial Mix
- Title
- Freehold
- Land size
- 5312.8 sq m
- Annual property taxes
- $12,000.00
- Days on market
- 463 days
Features & details
- Heating
- Baseboard heaters, Electric
- Flooring
- Mixed Flooring
What would this home cost you?
Based on the $1,300,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of Hanlon Realty, St. John's.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by 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.