For Sale: 34-40 Georgia Drive, Stephenville, NL

About this home

Turnkey 5-Unit Apartment Building – Exceptional Investment Opportunity An outstanding opportunity for investors or those looking to expand their rental portfolio. This well-maintained, income-generating 5-unit apartment building offers a rare combination of space, privacy, and recent upgrades—making it a truly turnkey investment. Property Highlights This multi-unit property features: - Four (4) spacious 3-bedroom apartments – Generously sized units ideal for families and long-term tenants - One (1) executive 3-bedroom apartment, offering premium features including: Two full bathrooms Private, fully fenced yard Dedicated private storage shed The executive unit is perfectly suited for an owner-occupier or as a high-end rental, adding flexibility and increased revenue potential. Recent Upgrades & Features Extensively improved over the past year, this property is designed for long-term performance and reduced maintenance: - New oil tank - New hot water tanks - Numerous upgrades throughout the building - Ample basement storage for tenants or owner use - Two on-site sheds (one private to the executive unit, one shared) - Executive unit pays its own heat and electricity, lowering operating costs Investment Appeal - Strong and stable rental income potential - True turnkey property with minimal immediate capital requirements - Diverse unit mix enhances rental demand and flexibility - Consistently maintained building with pride of ownership - Highly attractive to families, professionals, and long-term tenants This is a rare opportunity to acquire a versatile, upgraded multi-unit property in excellent condition. (id:63626)

Listed by: Don Gibbon, RE/MAX Realty Professionals Ltd. - Stephenville

Home facts and features

Price details

List Price

$629,000

Gross Taxes for 2026

$2,804

Home facts

Bedrooms

Full Bathrooms

Property Type

House

Depth

105 ( 163

Year Built

Built in 1965 (61 yrs old)

Title

Freehold

Heating Type

Hot water radiator heat, Radiant heat, Oil

Agent details

Primary Agent

Don Gibbon

Primary Broker

RE/MAX Realty Professionals Ltd. - Stephenville

Listing details

Days on REW

49 Days

MLS® Number

1296337

Source

Canadian Real Estate Association

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Property Insights

Schools nearby

10 Schools are within 519km

Port Elgin Regional School

n/a
K - 8
In Catchment

École Donat-Robichaud

n/a
K - 8
In Catchment

École Soleil Levant

n/a
K - 8
In Catchment

École Clément-Cormier

n/a
9 - 12
In Catchment

École Dr-Marguerite-Michaud

n/a
K - 8
In Catchment

Bonar Law Memorial School

n/a
9 - 12
In Catchment

Bengals II

n/a
9 - 12
In Catchment

Eleanor W. Graham Middle School

n/a
6 - 8
In Catchment

Rexton Elementary School

n/a
K - 5
In Catchment

Polyvalente Louis-J.-Robichaud

n/a
9 - 12
In Catchment

34-40 Georgia DriveStephenville, NL, A2N 0C3