For sale · MLS® 1296428
55 Garden Road
Torbay, NL, A1K1H5
List price
$295,000
About this propertyMLS® 1296428
Attention Developers & Real Estate Investors! Located at the southern end of Garden Road, nestled between Great Pond and Withrod Pond, this exceptional 9.5+ acre parcel presents a rare development opportunity in beautiful Torbay. Whether you envision a thoughtfully planned residential subdivision or a private estate for a hobby farm, this property offers the perfect blend of space, privacy, and natural surroundings. Surrounded by mature woodland, the land provides a tranquil setting just minutes from the ocean, outdoor recreation, shopping, and highly regarded schools, including Juniper Ridge Elementary and Holy Trinity High School. Conveniently positioned just seconds from the Bauline Line intersection and the Torbay Bypass Road, the property offers quick and easy access to St. John’s and the Trans-Canada Highway, making it an ideal location for future development or country living with city convenience. A conceptual plan is available outlining a potential 11-lot subdivision, with lot sizes ranging from half an acre to over one acre. One proposed lot even offers direct frontage on Withrod Pond, adding significant appeal. Purchaser to be responsible for all applicable development fees, permits, and HST, if applicable. (id:56688)
Specifications
Property details
Room by room
Rooms
The essentials
Location, air, flood & taxes
Elevation
96 m above sea level
Air quality now
AQHI 1.82 · Low risk
St. John's station · updated 2:00 a.m.
Property tax
$1,100 / year
≈ $92 / month
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
- 22 min to downtown St. John's17.1 km
- 18 min to Memorial University13.6 km
- 19 min to Avalon Mall15.2 km
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Calculators & neighbourhood
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Mortgage & investment calculator
Estimated monthly payment
$92/mo
Principal & interest $0 + property tax $92 per month
Financing breakdown
Rental math
Investment calculator
Monthly cash flow
$-91
NOI / month
$-91
Cap rate
-0.37%
Gross yield
0.00%
| Line item | Monthly | Yearly |
|---|---|---|
| Gross rent | $0 | $0 |
| Mortgage | $0 | $0 |
| Property tax | $92 | $1,100 |
| Expenses | $0 | $0 |
| Vacancy | $0 | $0 |
| Management | $0 | $0 |
| Cash flow | $-91 | $-1,092 |
| NOI | $-91 | $-1,092 |
Flip rule of thumb: buy at ≤ 70% of ARV minus repair costs.
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- Office17 Duffy Place, Suite 200, St. John's
Keller Williams Platinum Realty
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