About this propertyMLS® 1301987
39,000 SQ. FT. + POURED CONCREATE FOUNDATION... This is a rare opportunity to own a large, just-under-half-acre lot with a poured concrete foundation already in place-saving you thousands of dollars and weeks of construction time. Set on just under a half acre, just off Route 2, this property offers an excellent opportunity to build your forever home on the beautiful Eastport Peninsula. While the lot is currently somewhat overgrown, the existing foundation remains easily accessible and simply needs to be cleared to provide full access for your future build. Located in the welcoming farming community of Sandringham, this property offers exceptional soil for those looking to grow and harvest their own vegetables. Adding even more value, a water stream runs along the back of the property and could be cleared to provide improved accessibility. With the foundation already in place, plenty of land, and the natural beauty of the Eastport Peninsula at your doorstep, this is a high value, cost effective opportunity, worth exploring. While you're here, take a short drive to Chuff's Bight Day Park in Sandringham, and discover the natural beauty this community has as to offer-whether you're a boater, kayaker, hiker, or simply someone who appreciates the great outdoors. (id:56688)
Specifications
Property details
Room by room
Rooms
The essentials
Location, air, flood & taxes
Elevation
47 m above sea level
Property tax
$360 / year
≈ $30 / month · assessment year 2026
Plan ahead
Calculators & neighbourhood
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Plan ahead
Mortgage & investment calculator
Estimated monthly payment
$30/mo
Principal & interest $0 + property tax $30 per month
Financing breakdown
Rental math
Investment calculator
Monthly cash flow
$-30
NOI / month
$-30
Cap rate
-1.06%
Gross yield
0.00%
| Line item | Monthly | Yearly |
|---|---|---|
| Gross rent | $0 | $0 |
| Mortgage | $0 | $0 |
| Property tax | $30 | $360 |
| Expenses | $0 | $0 |
| Vacancy | $0 | $0 |
| Management | $0 | $0 |
| Cash flow | $-30 | $-360 |
| NOI | $-30 | $-360 |
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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