$2,200,000
FOR SALE

Business for Sale

General Commercial

2 Grenfell Drive
Wabush, NL A0R 1B0

Fantastic Investment Property - 13-unit building, fully upgraded with modern finishes. This impressive building offers a total of 13 Modern Bedrooms, making it an ideal income-generating investment. The upper level features 7 efficiency units, while the main floor includes a handicap-accessible efficiency unit and a spacious 5-bedroom, 2-bathroom unit with a shared kitchen and ground-level patio – perfect for group accommodations. Each unit is fully furnished and equipped. The building also provides shared laundry facilities equipped with 3 washers and 3 dryers, as well as a two-bay garage with double doors for additional storage or rental income. Originally renovated from top to bottom in 2024/2025, the building was modernized with high-quality materials and systems. Upgrades include all new plumbing with 1.5-inch water lines and triple 8-inch sewer outlet lines, two 200-gallon hot water tanks (for a total of 400 gallons) with hot water on demand, 400 amp single-phase electrical service, a fire system - Simplex 4007 ES Fire Alarm panel and efficient heating (3000 watts) paired with 3500 BTU air conditioning for comfort. This property offers excellent flexibility and potential. The exterior showcases durable asphalt shingles, brick accents, and low-maintenance vinyl siding. Whether you’re expanding your investment portfolio or looking for a turnkey rental property, this building is a rare find with strong income potential. (id:47421)
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Listed By Century 21 Big Land Realty Limited - Labrador City
Data Provided By Newfoundland & Labrador Association of REALTORS®
MLS® Listing Number 1287575
Last Updated Mar 31, 2026
Property Summary
Property Type Business For Sale

More like this:
Use General Commercial
Franchise Non-Franchise
Price History

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Detailed Information
Amenities Nearby Highway, Recreation
Listing Contract Date 2025-07-07
Ownership Type Freehold
Property Type Business
Transaction Type For sale
Zoning Description Commercial Ind
Business
Business Type Other
Business Subtype General commercial
Building
Amenities Air Conditioning, Laundry Facility
Constructed Date 2024
Flooring Type Laminate
Heating Fuel Electric
Stories Total 3
Land
Total Size 24.6 M X 60.9 M | 10,890 - 21,799 sqft (1/4 - 1/2 ac)
Amenities Highway, Recreation
Landscape Features Landscaped
Size of Irregular Land 24.6 M X 60.9 M

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