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O'Connell Drive photo 11 / 17

MLS #1298561

O'Connell Drive

Corner Brook

$499,000

Vacant Land
Source Listing

Property Details

Potential for an amazing opportunity to construct multiple buildings that our city is in huge demand for! This opportunity to own over 7 acres of very accessible land in a prime location, is one to take notice. Direct access off O'Connell Drive with a road and plenty of space to develop from the ground up multi rental or 50 plus apartments. On top of this the owner is including another couple parcels on the other side of Country road that are also potential for much needed parking or construction of storage units. Great opportunity to take advantage of a huge need in our city! (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$499,000
Down Payment - 5%$24,950
Interest Rate5.25%

Amortization

Estimated Monthly Cost

$3,694

Mortgage Payment
$2,841
Property Tax
$353
Insurance
$150
Utilities
$350
Down Payment
$24,950
Loan Amount
$474,050
Total Interest
$378,170

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

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