$ 1,749,500

850 Main Road, Pouch Cove

Exceptional opportunity to acquire a well-maintained 13-unit residential complex offering immediate income and long-term investment potential. The property consists of 9 spacious two-bedroom townhouses, 3 one-bedroom condo-style apartments, and 1 detached two-bedroom home with an attached garage, providing a diverse rental mix attractive to a wide range of tenants. Each townhouse, approximately 1,400 sq. ft., features a bright and functional layout with a welcoming living room, eat-in kitchen, and convenient powder room on the main level, while the upper floor includes two generously sized bedrooms and a full bathroom. The condo-style apartments, approximately 595 sq. ft., offer comfortable one-bedroom living with an open living area, kitchen, and full bathroom. Completing the complex is a detached two-bedroom home with attached garage, ideal as an on-site property manager's residence or an additional rental unit. All units are currently leased, generating approximately $15,000 per month in gross rental income, making this a turnkey investment opportunity. The property also offers ample parking for tenants and guests, an on-site greenhouse, and beautiful ocean views from msot units. Whether you're looking to expand your portfolio or secure a high-performing multi-unit asset, this property delivers excellent income, strong occupancy, and future potential. Immediate possession available. Don't miss this rare opportunity! *Any applicable HST will be the sole responsibility of the purchaser. (id:1945)
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Property details for 850 Main Road, Pouch Cove

Type
Commercial
Living Area
14,394 square feet
Lot Size
0.77 acres
Heating
Baseboard heaters, Electric
Exterior
Vinyl siding
Ownership
Freehold
Annual Taxes
$16,657 (2026)

Nearby Listings Stat

Estimated price and comparable properties near 850 Main Road

Active Listings
12
Min Price
$40,000
Max Price
$1,749,500
Avg Price
$327,742
Days on Market
119
days
Sold Listings
9
Min Sold Price
$49,000
Max Sold Price
$379,900
Avg Sold Price
$127,411
Days until Sold
151
days

Neighbourhood Census Data

Pouch Cove, Newfoundland and Labrador / Terre-Neuve-et-Labrador

Population
1,006
Median Age
43
Median Income
$37,709
Dwelling Value
$250,514

Housing Tenure

Owners 88%
Renters 13%

Age Distribution

Dwelling Types

Commute Mode

Education Level

Housing Age

Commute Duration

Avg Household Size: 2.5
Pop. Density: 32.1/km²
Avg Shelter Cost: $1,153/mo
Owners with Mortgage: 70.3%
Owners Spending 30%+: 16.2%
Tenants Spending 30%+: 50%
English only: 96%
French only: 0.5%
English and French: 3.5%
Median Household Income: $76,544
Median Employment Income: $39,211

Price History

Listed
June 19, 2026
by RE/MAX Infinity Realty Inc. - Sheraton Hotel
Current Price
$1,749,500
Type
Commercial
For Sale
850 Main Road

Contact Agent Get in touch about 850 Main Road, Pouch Cove

ROBERT MOORE
RE/MAX Infinity Realty Inc. - Sheraton Hotel

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