About this propertyMLS® 1304887
Nestled in the picturesque landscape of Flatrock, Newfoundland, this nearly 60-acre property offers endless possibilities for future development as part of the Admiral's Grove subdivision, which borders the acreage.** Surrounded by the natural beauty of the region, the land is ideally located near scenic trails perfect for snowmobiling, ATV adventures, and hiking. Within a short distance, you’ll also find three beautiful ponds, offering opportunities for fishing, kayaking, boating, swimming, and year-round outdoor enjoyment. With its size and location, the property presents an excellent opportunity for a residential subdivision. Major shopping centers on Stavanger Drive and Hebron Way, as well as hospitals, Memorial University, the Health Sciences Centre, the Janeway, and the College of the North Atlantic, are only a 10–15 minute drive away. Families will also appreciate that there are five modern schools in the area, all accessible within minutes by school bus. Imagine developing a residential community where homes are designed to take in breathtaking views of the Atlantic Ocean, or planning a sustainable neighborhood that blends seamlessly with the pristine environment. The Town of Flatrock is a vibrant and growing community with a rich history of fishing and faith, highlighted by its beautiful Grotto. The town also features two community centers, playgrounds, a recreation park, and access to the world-renowned East Coast Trail, which winds along the rugged coastline connecting Torbay and Pouch Cove. This property is an ideal opportunity for a developer to create a stunning new sub-community within the heart of Flatrock. (id:56688)
Specifications
Property details
Room by room
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The essentials
Location, air, flood & taxes
Elevation
103 m above sea level
Air quality now
AQHI 1.82 · Low risk
St. John's station · updated 2:00 a.m.
Property tax
$1,157 / year
≈ $96 / month
Climate
Feb -1° · Jul 21°
normal daily high · ST JOHN'S A station · 1991–2020
Nearby & drive routes
1 place shown · 3 routes · OpenStreetMap · OSRM
- 27 min to downtown St. John's21.2 km
- 23 min to Memorial University17.7 km
- 24 min to Avalon Mall19.2 km
Groceries 1
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Mortgage & investment calculator
Estimated monthly payment
$97/mo
Principal & interest $0 + property tax $97 per month
Financing breakdown
Rental math
Investment calculator
Monthly cash flow
$-96
NOI / month
$-96
Cap rate
-0.12%
Gross yield
0.00%
| Line item | Monthly | Yearly |
|---|---|---|
| Gross rent | $0 | $0 |
| Mortgage | $0 | $0 |
| Property tax | $97 | $1,157 |
| Expenses | $0 | $0 |
| Vacancy | $0 | $0 |
| Management | $0 | $0 |
| Cash flow | $-96 | $-1,152 |
| NOI | $-96 | $-1,152 |
Flip rule of thumb: buy at ≤ 70% of ARV minus repair costs.
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Keller Williams Platinum Realty
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