5-7 Magistrates Hill photo 11 / 46

MLS #1297462

5-7 Magistrates Hill

Brigus

$1,500,000

3 Beds
3 Baths
2,058 sqft
Single Family
Source Listing

Property Details

A rare opportunity awaits in the heart of Historic Brigus. Situated on the tranquil shores of Harbour Pond, this exceptional waterfront property offers a combination of charm, privacy, and space that is seldom found within the town's historic boundaries. Set on an impressive 16,824 square foot lot, the property gently slopes to the water's edge, creating a breathtaking setting for outdoor enjoyment, entertaining, or simply taking in the beauty of the surrounding landscape. Large waterfront parcels such as this are a true rarity in Brigus, making this a unique opportunity for homeowners and investors alike. The attractive Cape Cod-style home is full of character and has been meticulously cared for, reflecting years of pride in ownership. Its welcoming design blends beautifully with the natural surroundings, creating a warm and inviting place to call home. Adding even more value is the detached garage with a spacious loft above. Whether envisioned as a workshop, artist's studio, guest accommodations, or additional living space, the possibilities are endless. A unique walkout from the loft provides direct access to Magistrates Hill at the rear of the property. This remarkable property has also proven itself as a successful Airbnb destination, attracting consistent bookings and offering excellent income-generating potential. With ample outdoor space for gatherings, celebrations, and special occasions, it is easy to see why visitors are drawn to this one-of-a-kind setting. Whether you're searching for a beautiful waterfront residence, a seasonal getaway, or an investment opportunity in one of Newfoundland's most beloved communities, this property is sure to impress. (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$1,500,000
Down Payment - 20%$300,000
Interest Rate5.25%

Amortization

Estimated Monthly Cost

$8,754

Mortgage Payment
$7,191
Property Tax
$1,063
Insurance
$150
Utilities
$350
Down Payment
$300,000
Loan Amount
$1,200,000
Total Interest
$957,292

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

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