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12 Lakeview Drive photo 11 / 19

MLS #1212369

12 Lakeview Drive

Millertown

$40,000

Vacant Land
Source Listing

Property Details

Note: vendor confirmed with DOT that there are no restrictions to building on this property. LOOKING FOR THE PERFECT LOCATION TO BUILD YOUR DREAM HOME, COTTAGE OR INVESTMENT PROPERTY? This vacant waterfront lot on Red Indian Lake in the picturesque town of Millertown offers endless possibilities! Lot has been backfilled and level with the street, ready for development. Town water, sewer & NL Hydro power available to the site. So many other potential uses including parking your RV during the Summer months, a tourist destination including tiny homes or cottage rentals, perfect for a storage yard or other commercial uses!! Don't miss out on this rare opportunity to own a piece of waterfront paradise in a prime location. Whether you're looking to build, invest, or just enjoy the natural beauty, this lot has something for everyone. (id:66441)

Cost To Own

Down payment and monthly ownership estimate

Start with the listing price, then adjust the financing and monthly carrying costs for a practical estimate.

Purchase Price$40,000
Down Payment - 5%$2,000
Interest Rate5.25%

Amortization

Estimated Monthly Cost

$853

Mortgage Payment
$228
Property Tax
$125
Insurance
$150
Utilities
$350
Down Payment
$2,000
Loan Amount
$38,000
Total Interest
$30,314

Estimate only. Final payments depend on lender approval, taxes, insurance, closing costs, and mortgage insurance when applicable.

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