About this propertyMLS® 1295189
Rare luxury home development opportunity in prestigious Outer Cove. This exceptional offering comprises 10.534 acres across three contiguous parcels, featuring approximately 310 feet of direct frontage along Marine Drive. The property boasts solid, elevated terrain ideally suited for residential construction, offering natural protection from Atlantic exposure. Its size and topography present an outstanding opportunity for the development of one or two executive-style residences, or as a strategic land-hold investment within an established and highly desirable coastal community. Heavily treed and exceptionally private, the land delivers a true estate-style setting, providing rare seclusion and tranquility with no overlooking properties. From this elevated vantage point, enjoy sweeping views over the beautiful landscape of Outer Cove and the Atlantic Ocean, enhancing both lifestyle appeal and long-term value in one of the most sought-after neighbourhoods. Imagine sipping your morning beverage while listening to the rhythmic sound of beach rocks rolling with the waves—Outer Cove Beach is just a few minutes’ walk from your future estate. This pristine, undisturbed land awaits your vision to bring your dream home to life. Zoned RR (Rural Residential) Permits are the responsibility of the Purchaser. Updated survey to be provided by the Vendor. HST if applicable, to be paid by the Purchaser. (id:56688)
Specifications
Property details
Room by room
Rooms
The essentials
Location, air, flood & taxes
Elevation
61 m above sea level
Air quality now
AQHI 1.82 · Low risk
St. John's station · updated 2:00 a.m.
Property tax
$1,884 / year
≈ $157 / 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
- 18 min to downtown St. John's10.7 km
- 15 min to Memorial University11.5 km
- 16 min to Avalon Mall13.1 km
Schools 2
Plan ahead
Calculators & neighbourhood
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Plan ahead
Mortgage & investment calculator
Estimated monthly payment
$157/mo
Principal & interest $0 + property tax $157 per month
Financing breakdown
Rental math
Investment calculator
Monthly cash flow
$-157
NOI / month
$-157
Cap rate
-0.29%
Gross yield
0.00%
| Line item | Monthly | Yearly |
|---|---|---|
| Gross rent | $0 | $0 |
| Mortgage | $0 | $0 |
| Property tax | $157 | $1,884 |
| Expenses | $0 | $0 |
| Vacancy | $0 | $0 |
| Management | $0 | $0 |
| Cash flow | $-157 | $-1,884 |
| NOI | $-157 | $-1,884 |
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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