
MLS #1295660 · St. John's
285 Maddox Cove Road
- Type
- Vacant Land
- Agent
- Kyran Dwyer
- Brokerage
- BlueKey Realty Inc.
Property Details
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. (id:66441)
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Cost To Own
Homes in a hot market often sell over asking. Model your winning bid, then adjust the financing to see the real cash to close and monthly carrying cost — including default insurance when you put down under 20%.
$65,000
Amortization
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Estimated Monthly Mortgage
$310
Cash To Close
$13,000
Estimate only — final costs depend on lender approval, taxes, insurance, and closing costs.
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