About this propertyMLS® 1300196
This beautiful, 0.55 acre parcel of land on Back Road in Upper Island Cove offers a rare opportunity to build your dream home with stunning ocean views. There is potential to subdivide into two lots with 135' total road frontage (subject to town approval). The natural incline of the property is perfectly positioned to take full advantage of the coastal scenery, providing a peaceful and picturesque setting. Ideal for a year-round residence or seasonal getaway, this location combines rural living with convenient access to nearby amenities. With municipal services available this land is ready for development, this is a prime spot for anyone looking to enjoy the charm and natural beauty of Newfoundland’s coastline. Survey to be completed to determine exact boundaries. There is a rock wall at the top of the lot that is the expected property boundary. (id:56688)
Specifications
Property details
Room by room
Rooms
The essentials
Location, air, flood & taxes
Elevation
25 m above sea level
Air quality now
AQHI 1.82 · Low risk
St. John's station · updated 2:00 a.m.
Property tax
$450 / year
≈ $38 / month
Nearby & drive routes
4 places shown · 3 routes · OpenStreetMap · OSRM
- 81 min to downtown St. John's100.4 km
- 80 min to Memorial University99.1 km
- 85 min to Avalon Mall105.9 km
Schools 1
Groceries 2
Parks 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
$38/mo
Principal & interest $0 + property tax $38 per month
Financing breakdown
Rental math
Investment calculator
Monthly cash flow
$-37
NOI / month
$-37
Cap rate
-0.74%
Gross yield
0.00%
| Line item | Monthly | Yearly |
|---|---|---|
| Gross rent | $0 | $0 |
| Mortgage | $0 | $0 |
| Property tax | $38 | $450 |
| Expenses | $0 | $0 |
| Vacancy | $0 | $0 |
| Management | $0 | $0 |
| Cash flow | $-37 | $-444 |
| NOI | $-37 | $-444 |
Flip rule of thumb: buy at ≤ 70% of ARV minus repair costs.
Get in touch
Have a question?
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Talk to Haris
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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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