21 Westmount Road
Corner Brook, Newfoundland & Labrador null

5 beds · 4 baths · 3094 sqft

Unmatched Views and Lucrative Investment Potential Await! Prepare to be captivated by the cozy abode but also a breathtaking panoramic view waiting to be unveiled. Tall trees inhabit the back boundary, lending privacy and a sense of seclusion to your property. However, it's what lies beyond these trees that'll truly captivate you. This exceptional property boasts not just one but two fully self-contained basement apartments, providing flexibility and income opportunities that are hard to come by. Situated only a short stroll away from post-secondary institutions, this home presents an ideal investment prospect. Don't be fooled by the modest exterior; this home unfolds into over 3000sqft of space, encompassing a total of three self-sufficient units that generate substantial rental income. Step inside to discover an inviting open concept layout, complete with an updated kitchen, expansive living room, and a sunroom seamlessly integrated into the main living area, offering immersive views and a walk-out patio for relaxation. Convenience is key with main level laundry facilities and a master bedroom ensuite, enhancing the ease of single-level living. The basement units have been extensively renovated over the years, showcasing new appliances, including 3 washer and dryer units. With a modest down payment and income from the two units, your monthly expenses, including utilities, could be significantly reduced. Alternatively, capitalize on this property as an excellent investment opportunity, benefitting from minimal vacancies due to the sought-after location and positive cash flow. Experience the luxury of low-maintenance living while reaping the rewards of a sound investment in a bustling rental market. Seize this chance to own a property that not only offers unbeatable views but also delivers substantial income potential with multiple rental units. Make the most of this rare opportunity to secure a property that promises both comfort and financial gain. (id:39198)

Facts & Features

Building Type Two Apartment House, Detached

Year built 1978

Square Footage 3094 sqft

Stories

Bedrooms 5

Bathrooms 4

Parking

Neighbourhood

Land size 5357 sq.ft|4,051 - 7,250 sqft

Heating type Baseboard heaters

Basement type

Parking Type

Time on REALTOR.ca65 days

This home may not meet the eligibility criteria for Requity Homes. For more details on qualified homes, read this blog.

Brokerage Name: RE/MAX Realty Professionals Ltd. - Corner Brook

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Home price

$345,000

Start with 2% down and save toward 5% in 3 years*

* Exact down payment ranges from 2-10% based on your risk profile and will be assessed during the full approval process.

$3,138 / month

Rent $2,775

Savings $363

Initial deposit 2%

Savings target Fixed at 5%

Start with 5% down and save toward 5% in 3 years.

$2,766 / month

Rent $2,690

Savings $76

Initial deposit 5%

Savings target Fixed at 5%