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1061 Torbay Road
homes for sale · Torbay
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$975,000

1061 Torbay Road

Torbay · MLS® 1293125

Land · Vacant Land · 323 days on market

listed by Sarah Elliott, Hanlon Realty

realtor's description

Opportunity knocks, and this location delivers! An exceptional 19.5-acre parcel of land in the highly desirable and beautiful Town of Torbay is being offered for sale for the very first time! The property is primarily zoned Residential Large Lot (RLL), with the portion fronting Torbay Road designated Mixed Use (MIX), providing a range of permitted and discretionary development options. This expansive, triangular-shaped parcel of land is strategically situated between Torbay Road, the Kevin Parsons (Torbay Bypass) Highway, and Quarry Road Ext, offering excellent visibility, accessibility, and development potential. Located just minutes from St. John’s, this site presents opportunities for a residential subdivision, commercial use, a seniors complex, a daycare facility, or a well-planned mixed development, subject to municipal approvals at Purchasers responsibility. With 19.5 acres of land in a scenic, sought-after community, this property offers privacy, space, and flexibility for a variety of exceptional future projects. A rare offering with significant potential for investors, builders, and developers. Purchaser is responsible for any development fees, permits, zoning changes and HST, if applicable.

property details

type
Land, Vacant Land
parking
0
property tax
$2,216 / yr
days on market
323
MLS®
1293125

monthly cost

$4,433/mo
Mortgage $4,248 · Tax $185

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.

estimated payment
$4,248/ monthly
loan $780,000
25-year amortization
total interest
$494,394
cash to close
$195,000
down payment; transfer tax and fees not included
total paid
$1,274,394

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer.

Keep private notes and ratings on homes you're considering. (email only) and they follow you to every device.

listed by
Sarah Elliott
Hanlon Realty
call Sarah · 709-687-3647
Powered by: REALTOR.ca

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location

TorbayGoogle Maps ↗

location

TorbayGoogle Maps ↗
0

Walkability 0/100 · Car needed for most errands

Nothing everyday within a 10 minute walk.

mihom score from OpenStreetMap places, by straight line distance.

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