About this propertyMLS® 1303405
Ready to build? Located in Petley on beautiful and scenic Random Island, this 0.94-acre cleared lot offers plenty of room to bring your plans to life. Already cleared and prepped for building, this property can save you the time, work, and expense that often comes with getting a lot ready for construction — allowing you to put more of your investment toward the home you’ve dreamed of. The generous size of this lot provides plenty of flexibility, with ample space to accommodate a variety of home designs and outdoor living spaces. From the right home, there is also the opportunity to enjoy beautiful views of Smith’s Sound, adding a special coastal backdrop to your future property. Smith’s Sound is just a short walk away, where you’ll find a local boat marina and access to some of the best waters around Random Island for fishing and boating. The area is well known for producing some impressive-sized cod, making this an ideal location for those who love the water and the Newfoundland coastal lifestyle. A large, cleared and prepped lot, beautiful surroundings, ocean views, and the opportunity to build something you’ve dreamed of — this property offers plenty of possibilities. Come enjoy Petley on beautiful Random Island! (id:56688)
Specifications
Property details
Room by room
Rooms
The essentials
Location, air, flood & taxes
Elevation
53 m above sea level
Air quality now
AQHI 1.82 · Low risk
St. John's station · updated 2:00 a.m.
Property tax
$300 / year
≈ $25 / month · assessment year 2026
Plan ahead
Calculators & neighbourhood
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Plan ahead
Mortgage & investment calculator
Estimated monthly payment
$25/mo
Principal & interest $0 + property tax $25 per month
Financing breakdown
Rental math
Investment calculator
Monthly cash flow
$-25
NOI / month
$-25
Cap rate
-0.60%
Gross yield
0.00%
| Line item | Monthly | Yearly |
|---|---|---|
| Gross rent | $0 | $0 |
| Mortgage | $0 | $0 |
| Property tax | $25 | $300 |
| Expenses | $0 | $0 |
| Vacancy | $0 | $0 |
| Management | $0 | $0 |
| Cash flow | $-25 | $-300 |
| NOI | $-25 | $-300 |
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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