LOTS B, C and D O'Connell Drive

Corner Brook · MLS® 1298561

Land · Vacant Land · 141 days on market

listed by Stephen Shepherd, RE/MAX Realty Professionals Ltd. - Corner Brook

realtor's description

Potential for an amazing opportunity to construct multiple buildings that our city is in huge demand for! This opportunity to own over 7 acres of very accessible land in a prime location, is one to take notice. Direct access off O'Connell Drive with a road and plenty of space to develop from the ground up multi rental or 50 plus apartments. On top of this the owner is including another couple parcels on the other side of Country road that are also potential for much needed parking or construction of storage units. Great opportunity to take advantage of a huge need in our city!

property details

type: Land, Vacant Land
parking: 0
property tax: $851 / yr
days on market: 141
MLS®: 1298561

monthly cost

$1,809/mo

Mortgage $1,738 · Tax $71

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

estimated payment

$1,738/ monthly

loan $319,200

25-year amortization

down payment20% · $79,80020%+ 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: $202,321
cash to close: $79,800; down payment; transfer tax and fees not included
total paid: $521,521

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