For sale · MLS® 1301873
104 Orcan Drive
Placentia, NL, A0B2Y0
List price
$120,000
About this propertyMLS® 1301873
Located steps from the water in beautiful Placentia, this expansive property offers breathtaking views and a rare opportunity for investors, contractors, or developers looking for their next project. Just approximately 1 hour and 20 minutes from St. John's, you can enjoy the charm of a historic coastal community while remaining within easy reach of the city. With over 3,600 square feet of living space, the property is currently configured as three separate units and was previously rented by the room. Featuring a total of 8 bedrooms and 10 bathrooms, there is no shortage of possibilities for redevelopment, renovation, or income-generating potential. The home is in need of significant repairs and is being sold as is. However, opportunities like this are hard to find. The combination of size, location, water views, and development potential makes this a truly unique offering. Whether you're looking to restore the existing structure, create a profitable rental property, completely reimagine the property, or even utilize the lot for a new build (subject to any required approvals), the potential here is undeniable. For the right buyer with vision, 104 Orcan Drive could become an incredible investment in one of Newfoundland's most scenic coastal communities. (id:56688)
Specifications
Property details
Room by room
Rooms
| Third level | Primary Bedroom Bath (# pieces 1-6) Bedroom Bedroom Bath (# pieces 1-6) | 17.1 x 12.3 11.4 x 6.1 11.4 x 9.8 17.3 x 11.9 10.11 x 2.0 |
| Second level | Bedroom Bedroom Primary Bedroom | 12.11 x 22.2 10.6 x 13.0 12.10 x 18.6 |
| Main level | Other Utility room Bath (# pieces 1-6) Storage Dining room Eat in kitchen Kitchen Not known Bath (# pieces 1-6) Living room Bath (# pieces 1-6) Dining room Laundry room Bath (# pieces 1-6) Foyer Bedroom Primary Bedroom | 11.4 x 11.10 7.11 x 7.11 5.7 x 5.9 18.9 x 27.9 10.3 x 16.1 6.7 x 13.5 11.4 x 11.10 10.3 x 12.11 4.11 x 8.4 16.5 x 12.5 7.10 x 2.9 11.4 x 11.9 10.3 x 12.1 5.7 x 8.4 11.8 x 5.11 13.5 x 18.7 14.4 x 18.7 |
The essentials
Location, air, flood & taxes
Elevation
0 m above sea level
Air quality now
AQHI 1.82 · Low risk
St. John's station · updated 2:00 a.m.
Property tax
$930 / year
≈ $78 / month
Nearby & drive routes
13 places shown · OpenStreetMap · OSRM
Schools 1
Groceries 2
Parks 10
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
$78/mo
Principal & interest $0 + property tax $78 per month
Financing breakdown
Rental math
Investment calculator
Monthly cash flow
$-149
NOI / month
$-149
Cap rate
-1.49%
Gross yield
0.00%
| Line item | Monthly | Yearly |
|---|---|---|
| Gross rent | $0 | $0 |
| Mortgage | $0 | $0 |
| Property tax | $78 | $930 |
| Expenses | $72 | $864 |
| Vacancy | $0 | $0 |
| Management | $0 | $0 |
| Cash flow | $-149 | $-1,788 |
| NOI | $-149 | $-1,788 |
Flip rule of thumb: buy at ≤ 70% of ARV minus repair costs.
Get in touch
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- Office17 Duffy Place, Suite 200, St. John's
Keller Williams Platinum Realty
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