51 Hazelwood Crescent
St. John's, NL, A1E6B1
$344,900
About the property (MLS: 1277552):
Calling all builders and developers! This incredible property is a rare find, priced below assessed value, and offers a prime opportunity to create something remarkable in the heart of the city. Currently zoned for Institutional use, the potential is limitless – envision a thriving seniors complex, a state-of-the-art medical facility, or a vibrant daycare center. What's more, the property is in the process of being rezoned to R2, with plans already in motion for the development of townhomes, apartments/condominiums. Additionally, a plot plan is attached for separate building lots, providing flexibility for your vision. The land has been meticulously surveyed and plotted out for 5 building lots, making the approval process seamless. Furthermore, the potential to easily rezone from institutional to residential opens up a world of possibilities. If a commercial building is on your mind, city services are readily available for a hassle-free hookup, and the land, mostly level with a charming tree line at the rear, is ready for development. This is an opportunity not to be missed! (id:56688)
Property Details
Listing ID: 27431554
Address: 51 Hazelwood Crescent, St. John's, Newfoundland & Labrador, Canada A1E6B1
Status: Active
Last updated: 17 days ago ( Sep 17, 2024 )
Property Type: Vacant Land
Ownership Type: Freehold
Sewer: No sewage system
Price per sq ft: $∞
Tax Annual Amount: $3,400
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: None
Common Interest: Freehold
Number of photos available: 5
Rurl
Coordinates: [47.535183, -52.744429]
Rooms
Basic Calculator
First Mortgage: $275,920
Mortgage insurance premium: $0
Total Financing: $275,920
Rough closing fee (1.5%): ~ $5,174
Total downpayment with estimated closing fee: $74,154
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $0 | $0 |
| Gross rental income (income/principal ratio) | 0.000% | 0.000% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $432 | $5,184 |
| Vacancy | $0 | $0 |
| Management Fee | $0 | $0 |
| Expense / Income Ratio | Infinity% | Infinity% |
| Cash Flow | $-432 | $-5,184 |
| Net Operating Income (NOI) | $-432 | $-5,184 |
| Capitalization Rate | -0.13% | -1.50% |
