For sale · MLS® 1212369
12 Lakeview Drive
Millertown, NL, A0H1V0
List price
$40,000
About this propertyMLS® 1212369
Note: vendor confirmed with DOT that there are no restrictions to building on this property. LOOKING FOR THE PERFECT LOCATION TO BUILD YOUR DREAM HOME, COTTAGE OR INVESTMENT PROPERTY? This vacant waterfront lot on Red Indian Lake in the picturesque town of Millertown offers endless possibilities! Lot has been backfilled and level with the street, ready for development. Town water, sewer & NL Hydro power available to the site. So many other potential uses including parking your RV during the Summer months, a tourist destination including tiny homes or cottage rentals, perfect for a storage yard or other commercial uses!! Don't miss out on this rare opportunity to own a piece of waterfront paradise in a prime location. Whether you're looking to build, invest, or just enjoy the natural beauty, this lot has something for everyone. (id:56688)
Specifications
Property details
Room by room
Rooms
The essentials
Location, air, flood & taxes
Elevation
157 m above sea level
Air quality now
AQHI 2.09 · Low risk
Grand Falls - Windsor station · updated 2:00 a.m.
Property tax
$450 / year
≈ $38 / month
Climate
Feb -3° · Jul 22°
normal daily high · EXPLOITS DAM station · 1991–2020
Plan ahead
Calculators & neighbourhood
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Plan ahead
Mortgage & investment calculator
Estimated monthly payment
$38/mo
Principal & interest $0 + property tax $38 per month
Financing breakdown
Rental math
Investment calculator
Monthly cash flow
$-37
NOI / month
$-37
Cap rate
-1.11%
Gross yield
0.00%
| Line item | Monthly | Yearly |
|---|---|---|
| Gross rent | $0 | $0 |
| Mortgage | $0 | $0 |
| Property tax | $38 | $450 |
| Expenses | $0 | $0 |
| Vacancy | $0 | $0 |
| Management | $0 | $0 |
| Cash flow | $-37 | $-444 |
| NOI | $-37 | $-444 |
Flip rule of thumb: buy at ≤ 70% of ARV minus repair costs.
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- Call or text416-873-4676
- Emailharis@barki.co
- Office17 Duffy Place, Suite 200, St. John's
Keller Williams Platinum Realty
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