Fixer-Upper Properties for Sale in Newfoundland

(9 relevant results)
Sort by
House for sale: 8-10 SPOON COVE Lane, UPPER ISLAND COVE

23 photos

$69,000

8-10 Spoon Cove Lane, UPPER ISLAND COVE, Newfoundland & Labrador A0A 4E0

2 beds
1 baths
30 days

INVESTORS ACT FAST ON THIS ONE .. PERFECT FLIP .. PRICED FOR IMMEDIATE SALE !! Features include 2 bedrooms with large closets , full 4 pc. bathroom , a galley type older kitchen , large dining room area , laundry room off kitchen Breaker panel with electric heat .. CURRENTLY ELECTRICITY IS

Listed by: Barry Clarke,Clarke Real Estate Ltd. - Carbonear
38-40 Sacrey's Road, Botwood

20 photos

$79,000

38-40 Sacrey's Road, Botwood, Newfoundland & Labrador A0H 1E0

0 beds
0 baths
171 days

Just listed is this large water front property located on Sacery’s Road in Botwood. This property would make an ideal property to build your future family home. A two bedroom dwelling is also located on this property and is included in the sale. This would make an ideal summer project

Robert Gardner,Re/max  Central Real Estate Ltd. - Grand Falls-winListed by: Robert Gardner,Re/max Central Real Estate Ltd. - Grand Falls-win
House for sale: 2 Merrigan's Lane, Colliers

48 photos

$179,900

2 Merrigan's Lane, Colliers, Newfoundland & Labrador A0A 1Y0

3 beds
1 baths
248 days

MERRIGAN'S LANE, COLLIERS, NL...Colliers is a quiet little Town in the Conception Bay Central area with some spectacular rugged coastlines and exceptional ocean views. This community is located just 15 minutes from the booming hub of Bay Roberts and 30 minutes from Conception Bay South. Immaculate

Listed by: Andy Lewis,Royal Lepage Vision Realty
House for sale: 28 Feild Street, St. John's

5 photos

$120,000

28 Feild Street, St. John's, Newfoundland & Labrador A1C 4J2

3 beds
2 baths
127 days

28 Feild Street offers incredible potential for the right buyer with a vision! Located in the vibrant and historic downtown area of St. John's, this property is brimming with character and charm, just waiting to be restored to its former glory. Location, Location, Location! Situated in the

Max Zhong,Bluekey Realty Inc.Listed by: Max Zhong,Bluekey Realty Inc.
House for sale: 1410 Thorburn Road, Portugal Cove - St. Phillips

26 photos

$309,900

1410 Thorburn Road, Portugal Cove - St. Phillips, Newfoundland & Labrador A1M 1J7

4 beds
3 baths
38 days

Opportunity awaits with this spacious 4-bedroom, 3-bathroom home situated on a sprawling acre lot. Whether you’re an investor, builder, or a homeowner looking to create your dream estate, this property is brimming with potential. The home features a generous split entry floor plan, including

Listed by: Gina Taylor,Exp Realty
House for sale: 6 Beothic Road, Badger's Quay

20 photos

$85,500

6 Beothic Road, Badger's Quay, Newfoundland & Labrador A0G 1T0

3 beds
1 baths
36 days

Welcome to 6 Beothic Road, New Wes Valley! Located right across the street from Beothic Fish Processors and just steps away from the water, this three bedroom, one bath home is a solid opportunity for anybody handy who'd like transform this fixer upper into their dream space by the

House for sale: 633 Main Street, Burin

12 photos

$25,000

633 Main Street, Burin, Newfoundland & Labrador A0E 1E0

2 beds
1 baths
79 days

Land is hard to come by in Burin but this 0.456 acre of land might be just the spot you're looking for. There is a house on the lot...you decide whether it will be a great fixer upper project or if you'd like to start from scratch. Property is being sold As Is, Where Is. (id:27476)

Denise Butler,Keller Williams Platinum RealtyListed by: Denise Butler,Keller Williams Platinum Realty
House for sale: 133 Main Road, Chapel Arm

15 photos

$79,000

133 Main Road, Chapel Arm, Newfoundland & Labrador A0B 1L0

3 beds
1 baths
3 days

Situated on a large ocean-view lot one hour from St. John's, this 3-bedroom fixer-upper home offers plenty of potential for the savvy investor. The spacious living room overlooks the ocean, featuring a large front deck to enjoy the ocean view. Witness whales and dolphins in the bay while you

Listed by: Carla Power,Bluekey Realty Inc.
House for sale: 4 Hatcher's Place, Burgeo

14 photos

$60,000

4 Hatcher's Place, Burgeo, Newfoundland & Labrador A0N 2H0

3 beds
2 baths
150 days

Waterview in scenic Burgeo! This three bedroom, two storey home was operated as a Hair Salon. With some TLC it can be a great starter home for a growing family. A beautiful view of the ocean with the possibility to put a wharf just around the corner. The upper level has 3 bedrooms, spacious

Penny Macdonald,Royal Lepage Nl Realty LimitedListed by: Penny Macdonald,Royal Lepage Nl Realty Limited

Exploring the Potential of Fixer Uppers in Newfoundland

Newfoundland, with its rugged coastlines and charming communities, offers a unique opportunity for those interested in fixer upper properties. Whether you're a home buyer, investor, or seasonal cottage seeker, understanding the nuances of purchasing a fixer upper in this region can lead to rewarding outcomes. This article delves into the key considerations and benefits of investing in Newfoundland's fixer upper market.

Understanding Zoning Regulations

Before diving into the purchase of a fixer upper, it's crucial to understand the zoning regulations in Newfoundland. Zoning laws dictate how a property can be used and what changes can be made. For instance, if you're considering transforming a residential property into a commercial space, you'll need to ensure that the zoning permits such a change. Consulting with local authorities or a real estate expert can provide clarity on these regulations, ensuring that your renovation plans align with legal requirements.

Resale Potential: A Key Consideration

One of the primary motivations for purchasing a fixer upper is the potential for resale profit. Newfoundland's real estate market, while not as volatile as some other Canadian regions, offers opportunities for significant returns. Properties in desirable locations, such as those with ocean views or proximity to urban centers, tend to have higher resale values. It's advisable to research comparable properties in the area to gauge potential appreciation. For those interested in exploring other regions, consider looking at Saskatoon or Calgary for comparative insights.

Lifestyle Appeal: Embracing Newfoundland's Charm

Newfoundland is renowned for its vibrant culture and stunning natural beauty. Owning a fixer upper here not only offers financial benefits but also the chance to immerse yourself in a unique lifestyle. Whether it's the allure of coastal living or the charm of small-town communities, Newfoundland provides a backdrop that many find irresistible. For those seeking a similar lifestyle in other provinces, Nova Scotia and British Columbia also offer appealing options.

Seasonal Market Trends

The real estate market in Newfoundland, like many other regions, experiences seasonal fluctuations. Typically, the spring and summer months see increased activity, with more properties listed and sold. This trend is driven by the more favorable weather conditions, which make it easier for buyers to view properties and for sellers to showcase their homes. However, purchasing a fixer upper during the off-peak season can sometimes result in better deals, as sellers may be more motivated to negotiate. For those considering other markets, examining trends in Ontario or Toronto can provide additional context.

Financing Your Fixer Upper

Securing financing for a fixer upper can be more complex than for a move-in-ready home. Lenders may require detailed renovation plans and cost estimates before approving a mortgage. It's essential to work with a lender experienced in renovation loans to navigate this process smoothly. Additionally, setting a realistic budget that includes a contingency fund for unexpected expenses is crucial. For those exploring options in other cities, Edmonton and Ottawa offer diverse financing opportunities.

Choosing the Right Property

When selecting a fixer upper, it's important to assess the property's structural integrity and potential for improvement. Hiring a professional inspector can help identify any major issues that could impact your renovation plans. Additionally, consider the property's location, size, and layout, as these factors will influence both the renovation process and the property's future value. For inspiration, explore listings in various regions to understand the diversity of options available.