3 Evening's Path photo 11 / 18

MLS #1298595

3 Evening's Path

Torbay

$249,900

Vacant Land
Source Listing

Property Details

Whether you're Newfoundland born & bred, or a ""Come From Away"" who's grown to love the salt air, crashing waves & rugged coastline, here is the opportunity you've been waiting for! This prime 0.7 acre meadow lot offers an iconic ocean view in the heart of Torbay! Located within walking distance to Torbay Beach, East Coast Walking Trails and the local bakery. Just a few steps away, pop over to the Post Taphouse for a craft beer, good food and live music! For young & old, the Commons Recreation Complex is also within walking distance offering a variety of programs & classes, plus a playground, basketball court, splash pad and skate park! This is the ideal spot to build your forever home with breathtaking views of the Atlantic Ocean! If you're looking to invest in Newfoundland's vibrant culture & rugged beauty, this would also be a great location for an Air BNB (or possibly two!). 2021 survey on file. This lot is currently on an un-serviced street. However, municipal water & sewer is nearby at Manning's Hill. Seller is in the process of seeking approval to sub-divide into 2 semi-serviced building lots. (This would require permission from the town to extend a sewer line from Manning's Hill at land owner's expense and drill private wells). Please note, Torbay currently has a freeze on approving additional water allocations until such time as a secondary water source is brought on stream. (Timeline unknown). Should you wish to bank the land for future development, the land size ""may"" accommodate up to 3 serviced lots once additional water allocations become available. This would require permission from the town to connect to existing infrastructure on Manning's Hill at the land owner's expense. Purchasers are advised to consult with the Town Planning Department regarding existing regulations and future development opportunities. (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$249,900
Down Payment - 5%$12,495
Interest Rate5.25%

Amortization

Estimated Monthly Cost

$2,100

Mortgage Payment
$1,423
Property Tax
$177
Insurance
$150
Utilities
$350
Down Payment
$12,495
Loan Amount
$237,405
Total Interest
$189,388

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

Contact Felix

Ask about this listing

Speak with Felix about showing times, offer strategy, financing next steps, or whether this property fits your search.

Similar Listings

Other properties to compare

View All Listings