55 Garden Road photo 11 / 5

MLS #1296428

55 Garden Road

Torbay

$295,000

9.5 sqft
Vacant Land
Source Listing

Property Details

Attention Developers & Real Estate Investors! Located at the southern end of Garden Road, nestled between Great Pond and Withrod Pond, this exceptional 9.5+ acre parcel presents a rare development opportunity in beautiful Torbay. Whether you envision a thoughtfully planned residential subdivision or a private estate for a hobby farm, this property offers the perfect blend of space, privacy, and natural surroundings. Surrounded by mature woodland, the land provides a tranquil setting just minutes from the ocean, outdoor recreation, shopping, and highly regarded schools, including Juniper Ridge Elementary and Holy Trinity High School. Conveniently positioned just seconds from the Bauline Line intersection and the Torbay Bypass Road, the property offers quick and easy access to St. John’s and the Trans-Canada Highway, making it an ideal location for future development or country living with city convenience. A conceptual plan is available outlining a potential 11-lot subdivision, with lot sizes ranging from half an acre to over one acre. One proposed lot even offers direct frontage on Withrod Pond, adding significant appeal. Purchaser to be responsible for all applicable development fees, permits, and HST, if applicable. (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$295,000
Down Payment - 5%$14,750
Interest Rate5.25%

Amortization

Estimated Monthly Cost

$2,388

Mortgage Payment
$1,679
Property Tax
$209
Insurance
$150
Utilities
$350
Down Payment
$14,750
Loan Amount
$280,250
Total Interest
$223,568

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

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