About this propertyMLS® 1302784
Perched above picturesque Jenkins Cove, this exceptional building lot offers the perfect opportunity to bring your vision to life. Spanning just over a quarter of an acre, there's ample space to build your dream home, a cozy vacation cottage, or an investment property in one of Newfoundland's most sought-after destinations. Imagine relaxing on your deck as fishing boats and trawlers glide through the harbour, majestic icebergs drift by in the spring, whales put on spectacular displays throughout the season, and breathtaking sunsets paint the sky year-round. With panoramic views and a front-row seat to Twillingate's ever-changing coastal scenery, this property offers a lifestyle that's second to none. Looking for even more space? 145B Durrell Street is also available, giving you the rare opportunity to own prime ocean view land—ideal for a larger estate, multiple cottages, or future development. Located in the heart of the vibrant tourism community of Twillingate, you'll be just minutes from world-renowned hiking trails, boat tours, restaurants, shops, museums, and all the charm that has made this coastal town one of Newfoundland's premier destinations. Whether you're building your forever home, a seasonal retreat, or an income-generating property, this is a rare opportunity to secure a spectacular piece of Twillingate's iconic landscape. *The road will be maintained by the owner's until the development is completed, at which time, the town will be asked to take ownership. Buyer's are asked to build within a year of purchasing. (id:56688)
Specifications
Property details
Room by room
Rooms
The essentials
Location, air, flood & taxes
Elevation
7 m above sea level
Air quality now
AQHI 2.09 · Low risk
Grand Falls - Windsor station · updated 2:00 a.m.
Property tax
$250 / year
≈ $21 / month
Nearby & drive routes
1 place shown · OpenStreetMap · OSRM
Groceries 1
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Calculators & neighbourhood
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Plan ahead
Mortgage & investment calculator
Estimated monthly payment
$21/mo
Principal & interest $0 + property tax $21 per month
Financing breakdown
Rental math
Investment calculator
Monthly cash flow
$-20
NOI / month
$-20
Cap rate
-0.40%
Gross yield
0.00%
| Line item | Monthly | Yearly |
|---|---|---|
| Gross rent | $0 | $0 |
| Mortgage | $0 | $0 |
| Property tax | $21 | $250 |
| Expenses | $0 | $0 |
| Vacancy | $0 | $0 |
| Management | $0 | $0 |
| Cash flow | $-20 | $-240 |
| NOI | $-20 | $-240 |
Flip rule of thumb: buy at ≤ 70% of ARV minus repair costs.
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- Office17 Duffy Place, Suite 200, St. John's
Keller Williams Platinum Realty
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