For sale · MLS® 1299456
913 Torbay Road
Torbay, NL, A1K1A2
List price
$2,900,000
About this propertyMLS® 1299456
Discover an exceptional development opportunity in the growing community of Torbay. Offering approximately 21 acres of undeveloped land, this expansive parcel is ideally situated just minutes from schools, shopping, restaurants, and other everyday amenities. With portions of the property currently zoned residential, commercial, and industrial, this offering presents outstanding potential for a wide range of development possibilities (subject to the necessary approvals). Whether you're considering a residential subdivision, commercial project, mixed-use development, or another investment venture, this property provides the space and flexibility to bring your vision to life. Purchasers are responsible for obtaining all required permits, municipal approvals, and any applicable HST. Opportunities of this size and versatility in such a desirable location are becoming increasingly rare, don't miss your chance to invest in one of Torbay's most promising development parcels. (id:56688)
Specifications
Property details
Room by room
Rooms
The essentials
Location, air, flood & taxes
Elevation
102 m above sea level
Air quality now
AQHI 1.82 · Low risk
St. John's station · updated 2:00 a.m.
Property tax
$2,122 / year
≈ $177 / month
Climate
Feb -1° · Jul 21°
normal daily high · ST JOHN'S A station · 1991–2020
Nearby & drive routes
1 place shown · 3 routes · OpenStreetMap · OSRM
- 13 min to downtown St. John's10.5 km
- 9 min to Memorial University7.1 km
- 10 min to Avalon Mall8.6 km
Cafés 1
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
$177/mo
Principal & interest $0 + property tax $177 per month
Financing breakdown
Rental math
Investment calculator
Monthly cash flow
$-176
NOI / month
$-176
Cap rate
-0.07%
Gross yield
0.00%
| Line item | Monthly | Yearly |
|---|---|---|
| Gross rent | $0 | $0 |
| Mortgage | $0 | $0 |
| Property tax | $177 | $2,122 |
| Expenses | $0 | $0 |
| Vacancy | $0 | $0 |
| Management | $0 | $0 |
| Cash flow | $-176 | $-2,112 |
| NOI | $-176 | $-2,112 |
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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