Buying or Selling your House in Western Newfoundland and Labrador

2 Grenfell Street NEW

Wabush, Newfoundland & Labrador

$2,600,000

Quick Summary

Location
Wabush, Newfoundland & Labrador
Price
$2,600,000
Building Type
Other
Property Type
Business
Status
For sale
Area
8065 sqft
Beds
n/a
Baths
n/a
Age
n/a
Postal Code
A0R 1B0
MLS®
1287575
Courtesy Of
Century 21 Big Land Realty Limited - Labrador City
Database ID:56796 DDF Feed ID: 28574753 Latitude: 52.903054 Longitude: -66.872778

Property Description

Fantastic Investment Property - 13-unit building, fully upgraded with modern finishes. This impressive building offers a total of 13 Modern rental units, 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 2003/2004, 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. Zoned Medium Density Residential, 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:47053)

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Building Information

  • Building Type: Other
  • Area: 8065 sqft
  • Electric Heat
  • Flooring: Laminate
  • 3 stories

Full Details

MLS® Number:1287575
Ownership Type:Freehold
Price:$2,600,000
Property Type:Business
Transaction Type:For Sale
Zoning Description:Medium Density
More Information Link: https://www.realtor.ca/real-estate/28574753/2-grenfell-street-wabush

Size Total Text:24.6 M X 60.9 M|10,890 - 21,799 sqft (1/4 - 1/2 ac)
Amenities:Highway, Recreation
Landscape Features:Landscaped
Size Irregular:24.6 M X 60.9 M

Building Amenities:Air Conditioning, Laundry Facility
Constructed Date:2024
Flooring Type:Laminate
Heating Fuel:Electric
Stories Total:3
Size Interior:8065 sqft
Type:Other
Listing information last updated on 2025-07-08 14:33:39 -0230
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