850 Main Road

About this home

Exceptional opportunity to acquire a well-maintained 13-unit residential complex offering immediate income and long-term investment potential. The property consists of 9 spacious two-bedroom townhouses, 3 one-bedroom condo-style apartments, and 1 detached two-bedroom home with an attached garage, providing a diverse rental mix attractive to a wide range of tenants. Each townhouse, approximately 1,400 sq. ft., features a bright and functional layout with a welcoming living room, eat-in kitchen, and convenient powder room on the main level, while the upper floor includes two generously sized bedrooms and a full bathroom. The condo-style apartments, approximately 595 sq. ft., offer comfortable one-bedroom living with an open living area, kitchen, and full bathroom. Completing the complex is a detached two-bedroom home with attached garage, ideal as an on-site property manager's residence or an additional rental unit. All units are currently leased, generating approximately $15,000 per month in gross rental income, making this a turnkey investment opportunity. The property also offers ample parking for tenants and guests, an on-site greenhouse, and beautiful ocean views from msot units. Whether you're looking to expand your portfolio or secure a high-performing multi-unit asset, this property delivers excellent income, strong occupancy, and future potential. Immediate possession available. Don't miss this rare opportunity! *Any applicable HST will be the sole responsibility of the purchaser. (id:66966)

Details

Type

Other

Size

14394 sq ft

Property tax

$16,657 (2026)

Municipality

Pouch Cove

Interior

Bedrooms

0 above ground

Fireplace

No

Flooring

Mixed Flooring

Heating, cooling and services

Heating

Baseboard heaters, Electric

Water and sewer

Municipal sewage system

Building and exterior

Year built

2016

Roof

Asphalt shingle

Foundation

Poured Concrete

Outdoor

Vinyl siding

Location

Location is approximate. See nearby homes on the map