367 Portugal Cove Place

St. John's · MLS® 1300862

Land · Vacant Land · 66 days on market

listed by Steven Layman, RE/MAX Realty Specialists

realtor's description

If you are looking for a building lot in the middle of the city on a quiet cul de sac, you have found it here at the top of Portugal Cove Place. 5,841 sq ft, close to the airport, the hospitals, MUN and Stavanger Drive, roughly ten minutes to just about everywhere you drive in a week, with Metrobus nearby. Portugal Cove Place is a great location to live or to build an investment property. R1 zoning allows for a two apartment home or more, with room for a backyard suite as well, subject to City approval. Live in one and rent the rest, or keep it simple and build a single family home with a yard. Build-to-suit options available if you would rather not run the project yourself. Purchaser is responsible for all permits.

property details

type: Land, Vacant Land
parking: 0
property tax: $737 / yr
days on market: 66
MLS®: 1300862

monthly cost

$454/mo

Mortgage $392 · Tax $61

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

estimated payment

$392/ monthly

loan $72,000

25-year amortization

down payment20% · $18,00020%+ 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: $45,636
cash to close: $18,000; down payment; transfer tax and fees not included
total paid: $117,636

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