For sale · MLS® 1293004
36 Griffins Lane
St. John's, NL,
List price
$65,000
About this propertyMLS® 1293004
Discover a rare 2-plus-acre parcel tucked away at the end of serene Griffins Lane — a smart land-bank investment opportunity. The water supply already reaches the edge of this lot, though there is currently no active water or sewer service. Zoned as a Comprehensive Development Area, the property is in a holding designation under the municipal plan, waiting for infrastructure upgrades. Once city servicing becomes available, the zoning is slated to shift to allow development. Until then, this parcel offers long-term upside for investors who anticipate the value of future growth. Survey available. (id:56688)
Specifications
Property details
Room by room
Rooms
The essentials
Location, air, flood & taxes
Elevation
126 m above sea level
Air quality now
AQHI 1.82 · Low risk
St. John's station · updated 2:00 a.m.
Flood zone
Outside floodplain
City of St. John's flood mapping · not flagged
Zoning
R1 · R1
53.33 ha parcel
Property tax
$250 / year
≈ $21 / month
Climate
Feb -1° · Jul 21°
normal daily high · ST JOHN'S A station · 1991–2020
Nearby & drive routes
2 places shown · 3 routes · OpenStreetMap · OSRM
- 10 min to downtown St. John's8.2 km
- 16 min to Memorial University11.7 km
- 22 min to Avalon Mall18.4 km
Parks 2
Plan ahead
Calculators & neighbourhood
Estimate payments and returns, and check how walkable this address is — all in one place.
Plan ahead
Mortgage & investment calculator
Estimated monthly payment
$21/mo
Principal & interest $0 + property tax $21 per month
Financing breakdown
Rental math
Investment calculator
Monthly cash flow
$-20
NOI / month
$-20
Cap rate
-0.37%
Gross yield
0.00%
| Line item | Monthly | Yearly |
|---|---|---|
| Gross rent | $0 | $0 |
| Mortgage | $0 | $0 |
| Property tax | $21 | $250 |
| Expenses | $0 | $0 |
| Vacancy | $0 | $0 |
| Management | $0 | $0 |
| Cash flow | $-20 | $-240 |
| NOI | $-20 | $-240 |
Flip rule of thumb: buy at ≤ 70% of ARV minus repair costs.
Get in touch
Have a question?
Send a message and Haris will get back to you — usually the same day.
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Buying, selling, or just curious about what your home is worth — no call centres, no runaround.
- Call or text416-873-4676
- Emailharis@barki.co
- Office17 Duffy Place, Suite 200, St. John's
Keller Williams Platinum Realty
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