36 Griffins Lane

St. John's · MLS® 1293004

Land · Vacant Land · 330 days on market

listed by Donald Pacholka, RE/MAX Infinity Realty Inc. - Sheraton Hotel

realtor's description

Discover a rare 2-plus-acre parcel tucked away at the end of serene Griffins Lane — a smart land-bank investment opportunity. The water supply already reaches the edge of this lot, though there is currently no active water or sewer service. Zoned as a Comprehensive Development Area, the property is in a holding designation under the municipal plan, waiting for infrastructure upgrades. Once city servicing becomes available, the zoning is slated to shift to allow development. Until then, this parcel offers long-term upside for investors who anticipate the value of future growth. Survey available.

property details

type: Land, Vacant Land
parking: 0
property tax: $250 / yr
days on market: 330
MLS®: 1293004

monthly cost

$304/mo

Mortgage $283 · Tax $21

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

estimated payment

$283/ monthly

loan $52,000

25-year amortization

down payment20% · $13,00020%+ 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: $32,960
cash to close: $13,000; down payment; transfer tax and fees not included
total paid: $84,960

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