823-831 Thorburn Road
Portugal Cove-St. Philip's, NL, A1B3M2
List price
$550,000
About this propertyMLS® 1301656
NOW OFFERED AT A NEWLY ADJUSTED PRICE! Discover an exceptional opportunity with this expansive 32-acre parcel of vacant land located on Thorburn Road in the growing community of Portugal Cove-St. Philip’s. The property offers excellent potential for land holding, investment, or a variety of permitted uses, providing a unique opportunity to secure a substantial parcel in a desirable and expanding area. A significant portion of the property is cleared and includes a large fenced, gated, and paved area with direct access from Thorburn Road. With substantial frontage along a well-travelled route, the property offers excellent visibility, accessibility, and flexibility for future use. Given the size, location, and existing site improvements, this property represents an attractive opportunity for investors, businesses or purchasers seeking a strategic long-term land holding. Purchasers are responsible for completing their own due diligence with the Town of Portugal Cove-St. Philip’s and all applicable authorities regarding re-zoning, permitted uses, development potential, and any required approvals. Currently zoned Protected Watershed (PW). Any applicable HST is the responsibility of the purchaser.
Property details
More details
Overview
The home
Systems & utilities
Taxes
Features
Fees & source
Rooms
Portugal Cove-St. Philip's at a glance
Live market stats for Portugal Cove-St. Philip's: what's for sale, what it costs, how it compares to nearby towns, and how walkable this address is.
Homes for sale here
64
Median list price
$400k
Price range
$35k – $1.2M
Typical build
2005
Average size
3,228 sqft
Where Portugal Cove-St. Philip's listings are priced
Every active list price in Portugal Cove-St. Philip's, grouped into bands.
List price, thousands of $ · 64 homes
View as table
| Price band ($) | Listings |
|---|---|
| <200 | 18 |
| 200–300 | 8 |
| 300–400 | 6 |
| 400–500 | 8 |
| 500–750 | 11 |
| 750–1M | 10 |
| 1M+ | 3 |
How Portugal Cove-St. Philip's compares
Median list price against the next biggest markets. Click a row for that area guide.
Portugal Cove-St. Philip'snearby markets
Neighbourhood scores
Walk, bike, and transit scores for this exact address.
Location, air, flood & taxes
Flood (100-yr)
outside the mapped floodplain
Elevation
153 m
0300 mmetres above sea level
Air quality now
1–3 band
110+AQHI 2 · Low risk · St. John's · updated 10:30 a.m.
Property tax
$66 / year
≈ $6 / month
Climate
Feb -1° · Jul 21°
normal daily high · ST JOHN'S A station · 1981–2010
Amenity constellation
compass view · OpenStreetMap · ODEF schools
Nothing mapped within 1.5 km of this address yet. Dots appear here once OpenStreetMap coverage reaches it (coverage is thin outside the Avalon).
Nearby & drive routes
0 places shown · OpenStreetMap · OSRM
No amenities mapped within 1.5 km of this address yet. OpenStreetMap coverage is thin outside the Avalon, so nearby shops and schools may not appear here.
Nothing mapped within 1.5 km of this address.
What this home really costs
Winter heat, five years of ownership, how this price sits against the market, and what the map says is within walking distance: every figure captioned with its assumptions.
5-year cost of ownership
20% down · 25-yr
5-year all-in: $169,639
Closing costs + five years of running costs + 60 mortgage payments on a $550,000 home.
If rates rise 2 points
$32,023 more over five years if the rate is 6.84% instead of 4.84% (P&I only).
Once, at closing
- Land transfer (registration) fee$100 + $0.40 per $100 over $500, capped at $5,000$2,298
- Legal feesest.estimate, your lawyer quotes the exact figure$1,500
- Down payment (20%)$110,000
Every year
- Heatingest.2× the Jan–Mar estimate (heating season ≈ 6 months)$1,626
- Property taxfrom the feed$66
- Home insuranceest.estimate, NL range $700–$1,500/yr$1,100
× 5 years = $13,960
By down payment
| Down | Payment | 5-yr all-in | Note |
|---|---|---|---|
| 5% | $3,006 | $198,116 | needs mortgage insurance (not modelled) |
| 10% | $2,848 | $188,624 | needs mortgage insurance (not modelled) |
| 20% | $2,531 | $169,639 | no mortgage insurance |
Estimates, not a quote or an appraisal. Mortgage at 4.84% (lowest bank 5-yr fixed, Ratehub.ca, 2026-11-12), 25-year amortization, P&I only. Land transfer fee: Registry of Deeds schedule ($100 + $0.40/$100 over $500, cap $5,000). Legal $1,500 and insurance $1,100/yr (NL range $700–$1,500) are estimates. Heating is 2× the Jan–Mar winter estimate. 5-year all-in = closing costs + 5 years of running costs + 60 mortgage payments; it excludes CMHC insurance (needed below 20% down), utilities other than heat, and maintenance.
More cost & context panels
Rate time machine
same house · same down payment
Same house, same down payment: your payment today at 4.84%lowest bank rate · posted was 6.19%
- Today, lowest bank rate2026-11-12 · 4.84%$2,531/mo
- Today, posted2026-11-04 · 6.19%$2,886/mo
- 5 years ago2021-11-03 · 4.79%$2,519/mo
- 10 years ago2016-11-02 · 4.64%$2,481/mo
At 6.19%, five years ago, the same mortgage would have cost $355 more each month than at today's posted rate.
Principal & interest only: $440,000 (80% of the $550,000 asking price, 20% down), 25-year amortization. No taxes, insurance, fees, or mortgage insurance. Today's rate is the Bank of Canada conventional 5-year rate observed 2026-11-04. The 5- and 10-year rows are two documented observations of that same series (2021-11-03 = 4.79%, 2016-11-02 = 4.64%, retrieved 2026-11-01 from bankofcanada.ca/valet), fixed reference points, not a modelled path between them. Estimate, not an offer of credit; your lender's rate will differ.
Ask this listing
open data · 1 question
- In the 100-year floodplain?No, outside itCity of St. John's flood map
From OpenStreetMap + ODEF schools (straight-line distance) and the City of St. John's flood & zoning maps. Flood and zoning are mapped for St. John's only; elsewhere those questions don't appear because we don't know the answer.
Monthly carrying cost
$2,325/mo
Calculators
Estimate payments and returns before you make an offer, all in one place.
Mortgage & investment calculator
Estimated monthly payment
$6/mo
Principal & interest $0 + property tax $6 per month
Financing breakdown
Investment calculator
Monthly cash flow
$-5
NOI / month
$-5
Cap rate
-0.01%
Gross yield
0.00%
| Line item | Monthly | Yearly |
|---|---|---|
| Gross rent | $0 | $0 |
| Mortgage | $0 | $0 |
| Property tax | $6 | $66 |
| Expenses | $0 | $0 |
| Vacancy | $0 | $0 |
| Management | $0 | $0 |
| Cash flow | $-5 | $-60 |
| NOI | $-5 | $-60 |
Flip rule of thumb: buy at ≤ 70% of ARV minus repair costs.
Have a question?
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Talk to Haris
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- Office17 Duffy Place, Suite 200, St. John's
Keller Williams Platinum Realty