$129,900
FOR SALE

Detached

Bedrooms: 4Bathrooms: 1

24 Point Road
Virgin Arm, NL A0G 1P0

Rare Find! Income-Producing 4-Bedroom Home with Exclusive Land Opportunity! Discover this exceptionally beautifully kept 4-bedroom residence, offering spacious living. This property appeals equally to investors seeking stability and future homeowners planning for a move-in. The Investment & Living Advantage: Immediate Stability: The property is currently occupied by reliable tenants who wish to remain, providing immediate rental income for an investor. Spacious & Immaculate: This home is beautifully kept and features four generously sized bedrooms. Heart of the Home: Enjoy the large, inviting spacious living room and a remarkable eat-in kitchen, which serves as the perfect central hub for family life. Newer Storage: Includes a newer 8 x 16 foot wood shed, providing ample, protected outdoor storage. The Crown Land Financial Benefit: What truly sets this property apart is the highly advantageous land tenure: Low Cost & Exclusive Use: The home is situated on Crown Land with a current annual fee of just $50 per year, offering an incredibly low holding cost. Path to Ownership: Modern processes allow the buyer to easily purchase the land outright. This transforms the low-cost lease into a Fee Simple title, significantly increasing the property's equity and long-term value! (Buyer to verify all land purchase details with the appropriate authority) This unique offering provides a well-maintained, cash-flowing asset with the massive added benefit of easily converting the land tenure for maximum future equity and appreciation. Whether you're looking for an immediate investment or planning your family's future home, this property delivers. (id:47421)
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Listed By Outport Realty Inc. - Grand Falls-Windsor
Data Provided By Newfoundland & Labrador Association of REALTORS®
MLS® Listing Number 1293300
Last Updated Feb 02, 2026
Property Summary
Property Type Detached

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Price History

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Detailed Information
Bedrooms 4
Bathrooms 1
Listing Contract Date 2025-12-14
Ownership Type Leasehold
Property Type Single Family
Transaction Type For sale
Zoning Description residential
Building
Appliances Refrigerator, Stove
Constructed Date 1970
Construction Style (Attachment) Detached
Exterior Finish Vinyl siding
Fireplace Fuel Wood
Fireplace Present Yes
Fireplace Type Woodstove
Flooring Type Laminate, Other
Foundation Type Wood
Heating Fuel Electric, Oil, Wood
Stories Total 1
Type House
Utility Water Well
Rooms
Room Level Dimensions Notes
BedroomMain level12.2 x 10.8 ft
BedroomMain level12.6 x 10 ft
BedroomMain level9 x 11.6 ft
Bath (# pieces 1-6)Main level6 x 8.7 ft
BedroomMain level12.5 x 10.2 ft
Living roomMain level19.3 x 13.7 ft
KitchenMain level14.6 x 12.8 ft
FoyerMain level5.5 x 8.5 ft
Land
Total Size 92 x 200 ft | under 1/2 acre
Sewer Septic tank
Size of Irregular Land 92 x 200 ft

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