487 Torbay Road
St. John's, NL, A1A5C9
$989,900
About the property (MLS: 1285371):
3.89 acres of land in the East End on the corner of Torbay Road and the Outer Ring Road. This land is zoned Commercial Highway and is suitable for variety of commercial developments. High visibility / traffic location. Purchaser is responsible for all applicable HST and development costs (id:56688)
Property Details
MLS: 1285371
Listing ID: 28351491
Address: 487 Torbay Road, St. John's, Newfoundland & Labrador, Canada A1A5C9
Status: Active
Last updated: a month ago ( May 22, 2025 )
Property Type: Vacant Land
Ownership Type: Freehold
Sewer: No sewage system
Tax Annual Amount: $0
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: None
Common Interest: Freehold
Number of photos available: 4
Rurl
Coordinates: [47.608311, -52.722433]
Listing ID: 28351491
Address: 487 Torbay Road, St. John's, Newfoundland & Labrador, Canada A1A5C9
Status: Active
Last updated: a month ago ( May 22, 2025 )
Property Type: Vacant Land
Ownership Type: Freehold
Sewer: No sewage system
Tax Annual Amount: $0
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: None
Common Interest: Freehold
Number of photos available: 4
Rurl
Coordinates: [47.608311, -52.722433]
Rooms
Basic Calculator
First Mortgage: $791,920
Mortgage insurance premium: $0
Total Financing: $791,920
Rough closing fee (1.5%): ~ $14,849
Total downpayment with estimated closing fee: $212,829
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).): $1,414,143
