For sale · MLS® 1293300
24 Point Road
Virgin Arm, NL, A0G1P0
List price
$69,900
About this propertyMLS® 1293300
Rare Find! Income-Producing 4-Bedroom Home with Exclusive Land Opportunity! Discover this exceptionally beautifully kept 4-bedroom residence, offering spacious living. This property appeals equally to investors seeking stability and future homeowners planning for a move-in. The Investment & Living Advantage: Immediate Stability: The property is currently occupied by reliable tenants who wish to remain, providing immediate rental income for an investor. Spacious & Immaculate: This home is beautifully kept and features four generously sized bedrooms. Heart of the Home: Enjoy the large, inviting spacious living room and a remarkable eat-in kitchen, which serves as the perfect central hub for family life. Newer Storage: Includes a newer 8 x 16 foot wood shed, providing ample, protected outdoor storage. The Crown Land Financial Benefit: What truly sets this property apart is the highly advantageous land tenure: Low Cost & Exclusive Use: The home is situated on Crown Land with a current annual fee of just $50 per year, offering an incredibly low holding cost. Path to Ownership: Modern processes allow the buyer to easily purchase the land outright. This transforms the low-cost lease into a Fee Simple title, significantly increasing the property's equity and long-term value! (Buyer to verify all land purchase details with the appropriate authority) This unique offering provides a well-maintained, cash-flowing asset with the massive added benefit of easily converting the land tenure for maximum future equity and appreciation. Whether you're looking for an immediate investment or planning your family's future home, this property delivers. (id:56688)
Specifications
Property details
Room by room
Rooms
| Main level | Bedroom Bedroom Bedroom Bath (# pieces 1-6) Bedroom Living room Kitchen Foyer | 12.2 x 10.8 ft 12.6 x 10 ft 9 x 11.6 ft 6 x 8.7 ft 12.5 x 10.2 ft 19.3 x 13.7 ft 14.6 x 12.8 ft 5.5 x 8.5 ft |
The neighbourhood
Virgin Arm at a glance
Live market stats for Virgin Arm — what's for sale, what it costs, and how it compares to nearby towns.
Homes for sale here
3
Median list price
$70k
Price range
$50k – $70k
Typical build
1970
Average size
877 sqft
Where Virgin Arm listings are priced
Every active list price in Virgin Arm, grouped into bands.
List price, thousands of $ · 3 homes
View as table
| Price band ($) | Listings |
|---|---|
| <200 | 3 |
How Virgin Arm compares
Median list price against the next biggest markets — click a row for that area guide.
The essentials
Location, air, flood & taxes
Elevation
14 m
0300 mmetres above sea level
Air quality now
1–3 band
110+AQHI 1.76 · Low risk · Grand Falls - Windsor · updated 11:00 p.m.
Flood & zoning are mapped for St. John's only
Property tax
$240 / year
≈ $20 / month
Amenity constellation
compass view · OpenStreetMap · ODEF schools
Nearby & drive routes
1 place shown · OpenStreetMap · OSRM
Parks 1
Plan ahead
Calculators & neighbourhood
Estimate payments and returns, and check how walkable this address is — all in one place.
Plan ahead
Mortgage & investment calculator
Estimated monthly payment
$20/mo
Principal & interest $0 + property tax $20 per month
Financing breakdown
Rental math
Investment calculator
Monthly cash flow
$-88
NOI / month
$-88
Cap rate
-1.51%
Gross yield
0.00%
| Line item | Monthly | Yearly |
|---|---|---|
| Gross rent | $0 | $0 |
| Mortgage | $0 | $0 |
| Property tax | $20 | $240 |
| Expenses | $68 | $816 |
| Vacancy | $0 | $0 |
| Management | $0 | $0 |
| Cash flow | $-88 | $-1,056 |
| NOI | $-88 | $-1,056 |
Flip rule of thumb: buy at ≤ 70% of ARV minus repair costs.
Monthly carrying cost
$362/mo
Get in touch
Have a question?
Send a message and Haris will get back to you — usually the same day.
Talk to Haris
A real person, every time
Buying, selling, or just curious about what your home is worth — no call centres, no runaround.
- Call or text416-873-4676
- Emailharis@barki.co
- Office17 Duffy Place, Suite 200, St. John's
Keller Williams Platinum Realty
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