For sale · MLS® 1293125
1061 Torbay Road
Torbay, NL, A1K1A3
List price
$975,000
About this propertyMLS® 1293125
Opportunity knocks, and this location delivers! An exceptional 19.5-acre parcel of land in the highly desirable and beautiful Town of Torbay is being offered for sale for the very first time! The property is primarily zoned Residential Large Lot (RLL), with the portion fronting Torbay Road designated Mixed Use (MIX), providing a range of permitted and discretionary development options. This expansive, triangular-shaped parcel of land is strategically situated between Torbay Road, the Kevin Parsons (Torbay Bypass) Highway, and Quarry Road Ext, offering excellent visibility, accessibility, and development potential. Located just minutes from St. John’s, this site presents opportunities for a residential subdivision, commercial use, a seniors complex, a daycare facility, or a well-planned mixed development, subject to municipal approvals at Purchasers responsibility. With 19.5 acres of land in a scenic, sought-after community, this property offers privacy, space, and flexibility for a variety of exceptional future projects. A rare offering with significant potential for investors, builders, and developers. Purchaser is responsible for any development fees, permits, zoning changes and HST, if applicable. (id:56688)
Specifications
Property details
Room by room
Rooms
The essentials
Location, air, flood & taxes
Elevation
90 m above sea level
Air quality now
AQHI 1.82 · Low risk
St. John's station · updated 2:00 a.m.
Property tax
$2,216 / year
≈ $185 / month · assessment year 2025
Climate
Feb -1° · Jul 21°
normal daily high · ST JOHN'S A station · 1991–2020
Nearby & drive routes
0 places shown · 3 routes · OpenStreetMap · OSRM
- 15 min to downtown St. John's11.6 km
- 11 min to Memorial University8.1 km
- 12 min to Avalon Mall9.7 km
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Plan ahead
Calculators & neighbourhood
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Plan ahead
Mortgage & investment calculator
Estimated monthly payment
$185/mo
Principal & interest $0 + property tax $185 per month
Financing breakdown
Rental math
Investment calculator
Monthly cash flow
$-184
NOI / month
$-184
Cap rate
-0.23%
Gross yield
0.00%
| Line item | Monthly | Yearly |
|---|---|---|
| Gross rent | $0 | $0 |
| Mortgage | $0 | $0 |
| Property tax | $185 | $2,216 |
| Expenses | $0 | $0 |
| Vacancy | $0 | $0 |
| Management | $0 | $0 |
| Cash flow | $-184 | $-2,208 |
| NOI | $-184 | $-2,208 |
Flip rule of thumb: buy at ≤ 70% of ARV minus repair costs.
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- Call or text416-873-4676
- Emailharis@barki.co
- Office17 Duffy Place, Suite 200, St. John's
Keller Williams Platinum Realty
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