
MLS #1297467 · Torbay
30 Flora Drive
- Type
- Vacant Land
- Agent
- John Callahan
- Brokerage
- Hanlon Realty
Property Details
Whether you're Newfoundland born & bred, or a ""Come From Away"" who's grown to love the salt air, crashing waves & rugged coastline, here is the opportunity you've been waiting for! This prime 0.7 acre meadow lot offers an iconic ocean view in the heart of Torbay! Located within walking distance to Torbay Beach, East Coast Walking Trails and the local bakery. Just a few steps away, pop over to the Post Taphouse for a craft beer, good food and live music! For young & old, the Commons Recreation Complex is also within walking distance offering a variety of programs & classes, plus a playground, basketball court, splash pad and skate park! This is the ideal spot to build your forever home with breathtaking views of the Atlantic Ocean! If you're looking to invest in Newfoundland's vibrant culture & rugged beauty, this would also be a great location for an Air BNB (or possibly two!). 2021 survey on file. This lot is currently on an un-serviced street. However, municipal water & sewer is nearby at Manning's Hill. Seller is in the process of seeking approval to sub-divide into 2 semi-serviced building lots. (This would require permission from the town to extend a sewer line from Manning's Hill at land owner's expense and drill private wells). Please note, Torbay currently has a freeze on approving additional water allocations until such time as a secondary water source is brought on stream. (Timeline unknown). Should you wish to bank the land for future development, the land size ""may"" accommodate up to 3 serviced lots once additional water allocations become available. This would require permission from the town to connect to existing infrastructure on Manning's Hill at the land owner's expense. Purchasers are advised to consult with the Town Planning Department regarding existing regulations and future development opportunities. (id:66441)
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Cost To Own
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$200,000
Amortization
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Estimated Monthly Mortgage
$953
Cash To Close
$40,000
Estimate only — final costs depend on lender approval, taxes, insurance, and closing costs.
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Location
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