8 Magnolia Drive

Property Description

Two Apartment House for sale in Paradise located in 8 Magnolia Drive , Newfoundland and Labrador, A1L1B5, Canada. This Two Apartment House have 4 bedrooms and 2 bathrooms. This property listing building style is Detached. For all the rest of the information we have about this property in Paradise , see above.

Now available in Paradise an exceptional RARE investment opportunity - A MODULAR HOME that's a REGISTERED 2 APARTMENT! And located on a no-through-fare cul de sac! This unique style of property is reasonably new, only 13 years old, offering great space with 2 bedrooms and 1 bathroom in each of the 2 units. Affordable acquisition providing attractive POSITIVE income! Each is generating approximately $700 per month rental income! These is NOT a mobile home - never on wheels! Canadian designed and made in New Brunswick, CSA approved to the National Building Code. This home has 2x6 exterior walls, commercial grade thick vapour barrier, and hurricane wind reinforced foundation. Each unit has its own separate 200 amp panel! With R32 ceiling, R20 walls and R28 floor, these are designed for -34 winters. Many have been installed in Labrador. Heating costs approximately $146/m on average. Assessed at $215, 000 and in excellent condition, this home is priced to sell! With location in sought-after area of Paradise with positive development near new school and all amenities like supermarket, pharmacy, and a medical clinic within a short walking distance. Parks, playgrounds, walking trails and access to main highways close. This property has always been attractive and a preferred living environment - SAFE, PEACEFUL, PRACTICAL - close to everything. It's a lovely opportunity for many reasons. Well-maintained with extensive maintenance improvements just finished (including modernizing foundation w/ white skirting and improvements, new door boxes, decks stained, painting refreshed). Nice size lots. For confident super-affordable low maintenance living or impressive positive monthly income, visit and discover a great opportunity!