579 Indian Meal Line photo 11 / 12

MLS #1294245

579 Indian Meal Line

Torbay

$125,000

Vacant Land
Source Listing

Property Details

Approximately half-acre parcel located on Indian Meal Line in the family-friendly community of Torbay. The lot has been cleared, excavated, and partially filled, making it well on its way and nearly ready for development. Ideally situated near Western Island Pond, this property offers easy access to walking, hiking, and ATV trails right from your own backyard—perfect for outdoor enthusiasts and growing families alike. Enjoy the convenience of being just minutes from Stavanger Drive, Torbay town centre and local schools. The property is currently zoned Residential Infill with the Town of Torbay and permits the construction of a single dwelling, along with other discretionary uses. On-site water and sewer will be required. The lot is located to the right of 573 Indian Meal Line, identified as Parcel “B” on the survey provided in the photos. An excellent opportunity to build your dream home in a great location. (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$125,000
Down Payment - 5%$6,250
Interest Rate5.25%

Amortization

Estimated Monthly Cost

$1,337

Mortgage Payment
$712
Property Tax
$125
Insurance
$150
Utilities
$350
Down Payment
$6,250
Loan Amount
$118,750
Total Interest
$94,732

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

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