70 Sugarloaf Road
St. John's, NL, A1A5V5
$475,000
About the property (MLS: 1278599):
Great opportunity in this land, 2.27 acres with 554 feet of frontage just across the road from Sugarloaf Place. The land is currently zoned rural but can be easily rezoned to commercial/industrial, it would require a change to the Municipal Plan, this has all been confirmed with the City of St. John's. This land is located in a prime area with highway access, and has a two story workshop. The opportunities are endless. All permits or HST applicable will be the responsibility of the purchaser(s). Offers conditional on rezoning are welcomed. (id:56688)
Property Details
MLS: 1278599
Listing ID: 27538741
Address: 70 Sugarloaf Road, St. John's, Newfoundland & Labrador, Canada A1A5V5
Status: Active
Last updated: 3 months ago ( Oct 15, 2024 )
Property Type: Vacant Land
Ownership Type: Freehold
Tax Annual Amount: $0
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Common Interest: Freehold
Number of photos available: 2
Rurl
Coordinates: [47.612344, -52.679528]
Listing ID: 27538741
Address: 70 Sugarloaf Road, St. John's, Newfoundland & Labrador, Canada A1A5V5
Status: Active
Last updated: 3 months ago ( Oct 15, 2024 )
Property Type: Vacant Land
Ownership Type: Freehold
Tax Annual Amount: $0
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Common Interest: Freehold
Number of photos available: 2
Rurl
Coordinates: [47.612344, -52.679528]
Rooms
Basic Calculator
First Mortgage: $380,000
Mortgage insurance premium: $0
Total Financing: $380,000
Rough closing fee (1.5%): ~ $7,125
Total downpayment with estimated closing fee: $102,125
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $0 | $0 |
| Gross rental income (income/principal ratio) | 0.000% | 0.000% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $0 | $0 |
| Vacancy | $0 | $0 |
| Management Fee | $0 | $0 |
| Expense / Income Ratio | NaN% | NaN% |
| Cash Flow | $0 | $0 |
| Net Operating Income (NOI) | $0 | $0 |
| Capitalization Rate | 0.00% | 0.00% |
Capitalization Rate: 0.00%
After-repair value (ARV) (This is a rule for purchasing and flipping distressed real estate for a profit, which states that the purchase price should be less than 70% of after-repair value (ARV) minus repair costs (rehab).): $678,572
