About this propertyMLS® 1304298
A rare opportunity to acquire an extensively prepared residential building lot in desirable Portugal Cove - St. Philip’s. Located at the end of Moses Place Cul de Sac with views and access to Mitchells Pond directly across the street, this oversized and predominantly level property contains approximately 1.12 acres with approximately 65 feet of frontage. The Vendor has already made a six-figure investment with respect to excavation, land preparation and site work, including a culvert, significantly reducing the time, cost and uncertainty commonly associated with developing an undeveloped raw parcel of land. Site Preparation and Development Permits were approved by the Town in 2020 and 2021, demonstrating the considerable planning already completed for the property. Purchasers are responsible for confirming the present status of all permits and satisfying themselves regarding any new, renewed or additional municipal approvals required for their proposed development. Zoned RMD/RR, the property offers a combination of space, privacy and flexibility within convenient proximity to the conveniences of St. John’s and the amenities of Portugal Cove–St. Philip’s including being steps from Sunshine Camp. A private well and septic system will be required. The Vendor advises that HST was previously paid in relation to the property; however, any HST determined to be applicable to this transaction shall be the responsibility of the Purchaser. Survey and available property documentation available upon request. An excellent opportunity for a homeowner or builder seeking a substantial lot where much of the difficult and expensive preliminary site work has already been completed. (id:56688)
Specifications
Property details
Room by room
Rooms
The neighbourhood
Portugal Cove-St. Philips at a glance
Live market stats for Portugal Cove-St. Philips — what's for sale, what it costs, and how it compares to nearby towns.
Homes for sale here
36
Median list price
$392k
Price range
$79k – $1.2M
Typical build
1999
Average size
2,727 sqft
Where Portugal Cove-St. Philips listings are priced
Every active list price in Portugal Cove-St. Philips, grouped into bands.
List price, thousands of $ · 36 homes
View as table
| Price band ($) | Listings |
|---|---|
| <200 | 8 |
| 200–300 | 4 |
| 300–400 | 7 |
| 400–500 | 5 |
| 500–750 | 6 |
| 750–1M | 4 |
| 1M+ | 2 |
How Portugal Cove-St. Philips compares
Median list price against the next biggest markets — click a row for that area guide.
Portugal Cove-St. Philipsnearby markets
The essentials
Location, air, flood & taxes
Elevation
138 m above sea level
Air quality now
AQHI 1.82 · Low risk
St. John's station · updated 2:00 a.m.
Flood zone
Outside floodplain
City of St. John's flood mapping · not flagged
Property tax
$150 / year
≈ $13 / month
Climate
Feb -1° · Jul 21°
normal daily high · ST JOHN'S A station · 1991–2020
Nearby & drive routes
0 places shown · 3 routes · 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.
- 18 min to downtown St. John's14.8 km
- 14 min to Memorial University11.3 km
- 10 min to Avalon Mall6.1 km
Nothing mapped within 1.5 km of this address.
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
$13/mo
Principal & interest $0 + property tax $13 per month
Financing breakdown
Rental math
Investment calculator
Monthly cash flow
$-12
NOI / month
$-12
Cap rate
-0.05%
Gross yield
0.00%
| Line item | Monthly | Yearly |
|---|---|---|
| Gross rent | $0 | $0 |
| Mortgage | $0 | $0 |
| Property tax | $13 | $150 |
| Expenses | $0 | $0 |
| Vacancy | $0 | $0 |
| Management | $0 | $0 |
| Cash flow | $-12 | $-144 |
| NOI | $-12 | $-144 |
Flip rule of thumb: buy at ≤ 70% of ARV minus repair costs.
Get in touch
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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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