358 - 376 Portugal Cove Place
St. John's, NL, A1A4Y5
$1,400,000
About the property (MLS: 1263027):
Prime development location - Two civic lots comprising approx 8 acres in the middle of the east end of St. John's! A rare find, this parcel of land is ideally situated and priced for development. Located between Higgins Line/Newfoundland Drive to the south, Outer Ring Road to the North and Portugal Cove Road to the east, you will not find a more central location! Two approx, 2,100sqft bungalows are currently located on the property with the remaining land is uncleared and overall site is generally level. One of the few acreages remaining for development in the City's east end with rare 412 foot (126 m) frontage on Portugal Cove Place. (id:56688)
Property Details
Listing ID: 26018302
Address: 358 - 376 Portugal Cove Place, St. John's, Newfoundland & Labrador, Canada A1A4Y5
Status: Active
Last updated: a year ago ( May 15, 2024 )
Property Type: Vacant Land
Ownership Type: Freehold
Sewer: Municipal sewage system
Price per sq ft: $∞
Tax Annual Amount: $7,641
Tax Year: 2023
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Common Interest: Freehold
Number of photos available: 5
Rurl
Coordinates: [47.598493, -52.730719]
Rooms
Basic Calculator
First Mortgage: $1,120,000
Mortgage insurance premium: $0
Total Financing: $1,120,000
Rough closing fee (1.5%): ~ $21,000
Total downpayment with estimated closing fee: $301,000
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $0 | $0 |
| Gross rental income (income/principal ratio) | 0.000% | 0.000% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $1,750 | $21,000 |
| Vacancy | $0 | $0 |
| Management Fee | $0 | $0 |
| Expense / Income Ratio | Infinity% | Infinity% |
| Cash Flow | $-1,750 | $-21,000 |
| Net Operating Income (NOI) | $-1,750 | $-21,000 |
| Capitalization Rate | -0.13% | -1.50% |
