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Discover an exciting investment opportunity in the picturesque seaside community of Chance Cove, Trinity Bay! Located just steps from the ocean, this versatile three-unit property offers the perfect combination of coastal charm, numerous updates, and excellent income-generating potential. Featuring one two-bedroom unit and two one-bedroom units, the property provides flexibility for a variety of rental arrangements. One unit is currently occupied by a long-term tenant, while the remaining two offer exciting potential for short-term vacation rentals, Airbnb-style accommodations, or long-term leasing. Designed with convenience and independent living in mind, each unit features its own private entrance, separate electrical meter, and in-unit laundry, making the property appealing for investors seeking flexibility and simplified rental management. Numerous updates completed in 2020/2021 include siding, roof covering, windows, exterior doors, and bathrooms. Updated light fixtures throughout all three units add to the property's overall appeal. Enjoy incredible ocean views from the deck, where you can take in the beauty of Newfoundland's rugged coastline and peaceful seaside surroundings. This scenic setting adds to the property's appeal as a potential vacation rental, offering guests the opportunity to experience the natural beauty and charm of coastal Newfoundland. Nestled along the shores of Trinity Bay, Chance Cove is known for its spectacular coastal scenery, rugged shoreline, and popular coastal hiking trail. With its peaceful outport atmosphere and beautiful natural surroundings, the community offers an appealing setting for visitors looking to experience the charm and beauty of coastal Newfoundland. Whether you're looking to expand your investment portfolio, explore the vacation rental market, or have your own coastal getaway with the added benefit of rental income, this unique property offers flexibility and exciting possibilities in a beautiful seaside setting. (id:66441)
Cost To Own
Homes in a hot market often sell over asking. Model your winning bid, then adjust the financing to see the real cash to close and monthly carrying cost — including default insurance when you put down under 20%.
$239,900
Amortization
Add your monthly carrying costs
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Estimated Monthly Mortgage
$1,144
Cash To Close
$47,980
Estimate only — final costs depend on lender approval, taxes, insurance, and closing costs.
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For sale nearby
Homes for sale near 35 Main Road at a similar price.
Market
From current MLS® listings for Chance Cove. Counts only; sold prices are not published.
Elementary Schools
Holy Family Elementary
PublicWoodland Elementary
PublicStraight-line distance from this property. Proximity does not determine enrolment — confirm catchment areas with the Newfoundland and Labrador English School District. School list and grade levels from Statistics Canada's Open Database of Educational Facilities; some locations from OpenStreetMap contributors.
Straight-line distance from this property. Healthcare locations from Statistics Canada's Open Database of Healthcare Facilities; shops, pharmacies and filling stations from OpenStreetMap contributors.