3066 St. Margarets Bay Road

Timberlea · MLS® 202614717

8 sq ft lot · Land · Vacant Land · 129 days on market

listed by Zuhier Hammude, Royal LePage Atlantic

realtor's description

An exceptional investment opportunity with this 7.6-acre parcel of land in Timberlea. Partially cleared, this property is perfectly positioned for a residential development project. Located just a convenient 10-minute drive from the bustling amenities of Bayers Lake, this site balances accessibility with over 500 ft of water frontage. The land offers significant potential, presently subdivided into 3 individual lots. The zoning permits up to 4 dwelling units per lot, making it an ideal acquisition for builders and developers looking to expand their portfolio. Don't miss the chance to secure this high-potential development opportunity.

property details

type: Land, Vacant Land
lot: 8 sq ft
parking: 0
days on market: 129
MLS®: 202614717

features

Partially cleared

monthly cost

$3,830/mo

Mortgage $3,830

20% down at 4.34% fixed (Ratehub.ca), 25 years.

estimated payment

$3,830/ monthly

loan $703,200

25-year amortization

down payment20% · $175,80020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 24, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $445,716
cash to close: $175,800; down payment; transfer tax and fees not included
total paid: $1,148,916

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