4-22 Penney's Hill Road photo 11 / 6

MLS #1293579

4-22 Penney's Hill Road

Victoria

$49,900

Vacant Land
Source Listing

Property Details

Location, Location, Location! This approximate 1.5 acres of land backs directly onto a town maintained boardwalk and Clarke’s Gully Park! Perfect for your dream home! Or... it is a fantastic investment opportunity for a Seniors Complex, vacation rentals/cabins/pods or other apartment/condo type project in Victoria! The awesome location is approximately 1-hr from St. John’s and minutes to the hospital, shops and restaurants in Carbonear. Here, every season brings fresh adventure. From winter fun like snowshoeing across rugged barrens & snowmobiling, to breezy Summer picnics on towering ocean cliffs & ATVing, beach days at Salmon Cove Sands or Northern Bay Sands… there’s never a bad time of year in this beautiful corner of Newfoundland. This is a fantastic opportunity for prime land in Conception Bay North! (id:66441)

Cost To Own

Down payment and monthly ownership estimate

Start with the listing price, then adjust the financing and monthly carrying costs for a practical estimate.

Purchase Price$49,900
Down Payment - 5%$2,495
Interest Rate5.25%

Amortization

Estimated Monthly Cost

$909

Mortgage Payment
$284
Property Tax
$125
Insurance
$150
Utilities
$350
Down Payment
$2,495
Loan Amount
$47,405
Total Interest
$37,817

Estimate only. Final payments depend on lender approval, taxes, insurance, closing costs, and mortgage insurance when applicable.

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