For sale · MLS® 1298142
28 Old Settlement Hill
Placentia, NL, A0B2Y0
List price
$1,299,900
About this propertyMLS® 1298142
Unique 2.8-acre mixed-use property with five different types of structures with different uses offering an exceptional opportunity just minutes from the Port of Argentia and overlooking beautiful Placentia Bay. The property features 5 large greenhouses, a renovated primary residence, a modern two-story garage/apartment building, short-term accommodation units, and an impressive 11,760 sq. ft. warehouse facility. Newer building includes a spacious apartment currently generating rental income, while the warehouse offers outstanding potential for industrial, storage, fabrication, or commercial operations. Previously used for worker accommodations, the trailer units provide ten bedrooms and ten bathrooms, kitchen and laundry facilities, and large patio deck, supporting potential industrial or seasonal workforce demand. Zoned approximately 20% residential (frontage) and 80% commercial, the property presents excellent flexibility for industrial, tourism, agricultural, contractor yard, logistics, or mixed-use development opportunities. With significant infrastructure already in place, spectacular ocean views, and proximity to major marine & industrial activity, this property offers tremendous potential. (id:56688)
Specifications
Property details
Room by room
Rooms
The essentials
Location, air, flood & taxes
Elevation
49 m above sea level
Air quality now
AQHI 1.82 · Low risk
St. John's station · updated 2:00 a.m.
Property tax
$8,257 / year
≈ $688 / month · assessment year 2026
Nearby & drive routes
2 places shown · OpenStreetMap · OSRM
Groceries 1
Parks 1
Plan ahead
Calculators & neighbourhood
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Plan ahead
Mortgage & investment calculator
Estimated monthly payment
$689/mo
Principal & interest $0 + property tax $689 per month
Financing breakdown
Rental math
Investment calculator
Monthly cash flow
$-688
NOI / month
$-688
Cap rate
-0.64%
Gross yield
0.00%
| Line item | Monthly | Yearly |
|---|---|---|
| Gross rent | $0 | $0 |
| Mortgage | $0 | $0 |
| Property tax | $689 | $8,257 |
| Expenses | $0 | $0 |
| Vacancy | $0 | $0 |
| Management | $0 | $0 |
| Cash flow | $-688 | $-8,256 |
| NOI | $-688 | $-8,256 |
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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