591 Southside Road
St. John's, NL, A1E1A4
$375,000
About the property (MLS: 1285260):
Prime Development Opportunity on Southside Road - St. John’s! Developers, builders, and land bankers, this is your chance to create a standout residential project in one of St. John’s most unique locations! This exceptional vacant land – 591 Southside Road -is approved by the City of St. John’s for six homes, including four detached homes and a duplex (City will allow each home to have a subsidiary apartment). The site has been re-zoned R2; and a survey and geotechnical report (with approximately 10 test pits) are ready to go, providing a solid foundation for your development plans. This site offers the rare opportunity for creative, architectural design that takes full advantage of the stunning views and the Southside Road setting. While existing design concepts are available, you are free to bring your own innovative ideas to life on this canvas. Each home can be designed to maximize panoramic views of Signal Hill, the Waterford River and Valley, and as far west as Mount Pearl. One of the last remaining residential projects within walking and biking distance to the downtown core, this location is perfect for offering new home options in a well established community. The site is surrounded by amenities, including Bowring Park with 200 acres of hiking trails, playgrounds, and sports facilities to the west, and the historic Newfoundland Railway hiking and biking trail. With easy highway access to Pitts Memorial Drive, Columbus Drive, the TransCanada Highway, and Veterans' Memorial Highway, Southside Road is the perfect location for your next development offering proximity to major travel routes and the tranquility of a traffic calmed street all within minutes of the heart of downtown St. John’s. Don’t miss this incredible opportunity to create a landmark residential development in a prime location! *Any HST applicable is the responsibility of the purchaser (id:56688)
Property Details
Listing ID: 28344087
Address: 591 Southside Road, St. John's, Newfoundland & Labrador, Canada A1E1A4
Status: Active
Last updated: a month ago ( May 22, 2025 )
Property Type: Vacant Land
Ownership Type: Freehold
Sewer: No sewage system
Tax Annual Amount: $1,183
Tax Year: 2025
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: None
Common Interest: Freehold
Number of photos available: 7
Rurl
Coordinates: [47.540322, -52.725728]
Rooms
Basic Calculator
First Mortgage: $300,000
Mortgage insurance premium: $0
Total Financing: $300,000
Rough closing fee (1.5%): ~ $5,625
Total downpayment with estimated closing fee: $80,625
Investment Calculator:
| Monthly | Yearly | |
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| 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% |
