70 Sugarloaf Road

St. John's · MLS® 1300664

Land · Vacant Land · 95 days on market

listed by Robert Moore, RE/MAX Infinity Realty Inc. - Sheraton Hotel

realtor's description

Outstanding investment and development opportunity! This impressive parcel of over two acres is ideally located directly across from Sugarloaf Place in a highly accessible area with excellent highway connectivity. Currently zoned Rural, the City of St. John's has confirmed the property has the potential to be rezoned for Commercial (with City approvals), creating exceptional possibilities for a wide range of future development opportunities. Boasting a prime location, generous size, and outstanding development potential, this property is well suited for investors, developers, or businesses seeking a strategic location with excellent accessibility and long-term growth potential. Any HST / rezoning costs is the responsibility of the purchaser. Any permits, development approvals, rezoning expenses, and applicable HST shall be the responsibility of the purchaser(s).

property details

type: Land, Vacant Land
parking: 0
property tax: $496 / yr
days on market: 95
MLS®: 1300664

monthly cost

$2,002/mo

Mortgage $1,960 · Tax $41

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

estimated payment

$1,960/ monthly

loan $359,920

25-year amortization

down payment20% · $89,98020%+ 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: $228,131
cash to close: $89,980; down payment; transfer tax and fees not included
total paid: $588,051

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