$699,000
FOR SALE

Multiplex

19-29 Bowater Avenue
Lewisporte, NL A0G 3A0

Combo Package: 5-Plex and 4-Plex in Lewisporte — Strong Investor Portfolio This centrally located investment package combines a turnkey 5-plex and a turnkey 4-plex in Lewisporte, offering immediate cash flow in a friendly, family-oriented community with close proximity to recreational facilities, ball fields, basketball courts, playgrounds, and schools. All units across both properties are currently rented, ensuring steady occupancy and reliable income from day one. The 5-plex comprises four 3-bedroom, 1.5-bath units and one 2-bedroom, 1-bath unit. The 4-plex features two 3-bedroom, 1-bath units and two 1-bedroom, 1-bath units, with 125-amp service panels (NEW), ensuring consistent electrical performance across the portfolio. The layouts across both properties support diverse tenant profiles—families, professionals, and students—while Lewisporte’s tight housing market supports ongoing demand and potential appreciation. This package offers immediate income with the opportunity to optimize lease terms, pursue strategic upgrades, and leverage cross-property management efficiencies. Investors will benefit from stable yields, centralized locations, and room for future upside as the market evolves and demand for well-maintained, centrally located rental properties remains strong. (id:47421)
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Listed By Keller Williams Platinum Realty - Gander
Data Provided By Newfoundland & Labrador Association of REALTORS®
MLS® Listing Number 1295342
Last Updated Apr 08, 2026
Property Summary
Property Type Multiplex

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Price History

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Detailed Information
Listing Contract Date 2026-03-18
Ownership Type Freehold
Property Type Other
Transaction Type For sale
Zoning Description RES
Building
Constructed Date 1965
Construction Style (Attachment) Detached
Heating Fuel Electric
Heating Type Baseboard heaters
Type Multi-Family
Utility Water Municipal water
Land
Total Size Unknown
Sewer Municipal sewage system

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