About this propertyMLS® 1301387
Coastal Opportunity in Twillingate’s Iceberg Alley Nestled in the scenic coastal community of Twillingate, known as Iceberg Alley, this two-bedroom bungalow sits on a charming lot with ocean views and the magical backdrop of drifting icebergs. The home offers 1064 sq ft of living space and an attached 16 x 28 shed, presenting a fantastic canvas for you to tailor with TLC and vision. Inside, you’ll find a 100-amp electrical panel and an oil/wood combo furnace, making it a solid starting point for renovation or a downsizing project that you can transform into your own coastal retreat. This property is ideal for first-time buyers ready to create a personalized masterpiece or buyers looking to downsize to a manageable footprint while preserving a front-row seat to nature’s winter parade. Twillingate itself is a vibrant Atlantic Newfoundland community celebrated for its rugged beauty, friendly neighborhoods, and rich maritime heritage. Enjoy close proximity to Gander, with convenient access to the airport, making travel in and out simple and practical. Embrace the charm of small-town life—local shops, marine scenery, and welcoming neighbors—while enjoying the serenity of a waterfront setting where each day brings a new postcard moment. Whether you’re drawn by the potential of a blank canvas or the allure of oceanfront living, this property offers a rare chance to shape your dream in a remarkable corner of Newfoundland’s coast. Property Is being sold ""AS IS"" (id:56688)
Specifications
Property details
Room by room
Rooms
| Main level | Bath (# pieces 1-6) Storage Bedroom Bath (# pieces 1-6) Bedroom Living room Dining room Kitchen | 5.68X12.11 3.93X11.68 9X12 5X12.15 12.1X14.75 14.72X15.4 9.19X12.4 10.09X11.64 |
The essentials
Location, air, flood & taxes
Elevation
18 m above sea level
Air quality now
AQHI 2.09 · Low risk
Grand Falls - Windsor station · updated 2:00 a.m.
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Calculators & neighbourhood
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Mortgage & investment calculator
Estimated monthly payment
$0/mo
Principal & interest $0 per month
Financing breakdown
Rental math
Investment calculator
Monthly cash flow
$-87
NOI / month
$-87
Cap rate
-1.51%
Gross yield
0.00%
| Line item | Monthly | Yearly |
|---|---|---|
| Gross rent | $0 | $0 |
| Mortgage | $0 | $0 |
| Property tax | $0 | $0 |
| Expenses | $87 | $1,044 |
| Vacancy | $0 | $0 |
| Management | $0 | $0 |
| Cash flow | $-87 | $-1,044 |
| NOI | $-87 | $-1,044 |
Flip rule of thumb: buy at ≤ 70% of ARV minus repair costs.
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- Office17 Duffy Place, Suite 200, St. John's
Keller Williams Platinum Realty
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