36 Griffins Lane photo 11 / 3

MLS #1293004

36 Griffins Lane

St. John's

$65,000

Vacant Land
Source Listing

Property Details

Discover a rare 2-plus-acre parcel tucked away at the end of serene Griffins Lane — a smart land-bank investment opportunity. The water supply already reaches the edge of this lot, though there is currently no active water or sewer service. Zoned as a Comprehensive Development Area, the property is in a holding designation under the municipal plan, waiting for infrastructure upgrades. Once city servicing becomes available, the zoning is slated to shift to allow development. Until then, this parcel offers long-term upside for investors who anticipate the value of future growth. Survey available. (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$65,000
Down Payment - 5%$3,250
Interest Rate5.25%

Amortization

Estimated Monthly Cost

$995

Mortgage Payment
$370
Property Tax
$125
Insurance
$150
Utilities
$350
Down Payment
$3,250
Loan Amount
$61,750
Total Interest
$49,261

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

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