For Sale: 7 Bown Street, Wabana, NL

About this home

Attention Investors! Great income-generating opportunity at an attractive price point, with two rental units currently occupied and generating income. Located on Bell Island, just a short ferry ride from St. John’s and within easy reach of amenities, this property offers an excellent opportunity for investors looking for affordable real estate with rental income potential. This bright and spacious two-storey home features two separate apartments, both currently rented. The main floor offers a one-bedroom apartment with its own separate entrance and convenient in-unit laundry. The upper level features a spacious three-bedroom apartment with its own private entrance and hookups for a stackable washer and dryer. Numerous significant upgrades have been completed in recent years, including the roof, siding, windows, electrical and plumbing, as well as Durafoam 7.5R insulation in 2018. More recent improvements include a new front door in 2023, a new front step in 2026, and redone stairs in September 2026. The property also retains plenty of its original charm and character, including hardwood floors, wooden doors and trim. The existing two-apartment configuration offers excellent flexibility for an investor, while the layout could also be converted back to a single-family dwelling if desired. Two units. Both rented. Significant upgrades. Affordable price point. Income-generating potential. Whether you're an experienced investor looking to expand your portfolio or a first-time investor searching for an entry point into income-producing real estate, 7 Bown Street is a property worth a closer look. (id:63626)

Listed by: Courtney Lahey, Salesperson, EXIT Realty Aspire

Home facts and features

Price details

List Price

$179,900

Gross Taxes for 2026

$1,250

Home facts

Bedrooms

Full Bathrooms

Property Type

Apt/Condo

Year Built

Built in 1950 (76 yrs old)

Title

Freehold

Style

2 Level

Exterior Finish

Vinyl siding, Shingles

Heating Type

Forced air, Propane

Appliances

Dryer, Refrigerator, Stove, Washer

Agent details

Primary Agent

Courtney Lahey

Primary Broker

EXIT Realty Aspire

Listing details

Days on REW

50 Days

MLS® Number

1302826

Source

Canadian Real Estate Association

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Property Insights

Schools nearby

2 Schools are within 2km

St. Augustines Elementary School

n/a
K - 6
In Catchment

St. Michaels Regional High

n/a
7 - 13
In Catchment

7 Bown StreetWabana, NL, A0A 4H0