591 Southside Road photo 11 / 7

MLS #1298203

591 Southside Road

St. John's

$237,500

Vacant Land
Source Listing

Property Details

Prime Development Opportunity – 591 Southside Road, St. John’s Attention Developers, Builders & Investors: A rare chance to create a signature residential project in one of St. John’s most distinctive locations! Property Highlights: Exceptional Location: One of the last remaining residential development sites within walking or biking distance of downtown St. John’s. Community Appeal: Ideal setting for starter homes, mini homes, or full-sized executive homes in a well-established, family-friendly neighborhood. Zoning Capacity: Land is re-zoned R2, allowing for five single-family detached homes. Some Pre-Development Work Completed: full survey and geotechnical report from approximately 10 test pits. Amenities & Lifestyle: Close to Bowring Park’s 200 acres of trails, playgrounds, and recreation, plus direct access to the historic Newfoundland Railway walking and biking trail. Convenient Access: Easy connections to Pitts Memorial Drive, Columbus Drive, the Trans-Canada Highway, and Veterans’ Memorial Highway — offering quick travel while remaining on a quiet, traffic-calmed street, within minutes of the downtown core of St. John’s. Investment Potential: This site offers outstanding design possibilities with scenic views of the Southside Road area. Existing concept plans are available or bring your own creative vision to make the most of this unique canvas. Don’t miss this rare opportunity to develop a landmark residential project in the heart of St. John’s. (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$237,500
Down Payment - 5%$11,875
Interest Rate5.25%

Amortization

Estimated Monthly Cost

$2,020

Mortgage Payment
$1,352
Property Tax
$168
Insurance
$150
Utilities
$350
Down Payment
$11,875
Loan Amount
$225,625
Total Interest
$179,991

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

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