136A Memorial Drive — Clarenville, Newfoundland & Labrador

Excellent investment opportunity in a quiet, well-established area of Clarenville! This well-maintained 2-apartment home offers reliable rental income, functional layouts, ample parking, & a generous private setting on a ~1/2-acre lot. The main-level unit is occupied by excellent long-term tenants who would love to remain. It features an eat-in kitchen, bright & spacious living room with access to a private patio, 2 well-proportioned bedrooms, full family bathroom, laundry closet, additional patio space, rear landscaping, & storage shed. The second unit is currently rented for $700/month POU, with internet included. The lower-level apartment, with its own separate entrance, offers an open-concept kitchen & living area, 1 bedroom with full ensuite, & independent laundry. It is currently rented for $1,050/month with electricity & internet included. The home has undergone extensive renovations, with the entire upstairs interior fully renovated in 2009 & the basement completely rebuilt & ready for occupancy in 2012. Upgrades include a new government-certified electrical system, all-new plumbing, reinforced roof rafters, approximately 2 feet of blown-in attic insulation, blown-in wall insulation, & new exterior siding & shingles, all completed in 2009. The concrete basement was completely rebuilt in 2012 with double weeping tile & deep drainage trenches, making the entire basement apartment effectively brand new in 2012. The decks have an effective age of 2012, & a covered deck & back porch roof were added in 2016. Set well back from the main road, the property offers a peaceful, private atmosphere with generous parking for multiple vehicles. With established tenants, separate living spaces, private entrances, extensive renovations, & strong rental appeal, this is an excellent turnkey investment opportunity in Clarenville. (id:63357)