1186 Topsail Road photo 11 / 15

MLS #1299004

1186 Topsail Road

Mount Pearl

$650,000

3 Beds
1 Bath
900 sqft
Single Family
Source Listing

Property Details

**Prime Topsail Road Opportunity – Residential, Commercial & Development Potential** Located on highly sought-after Topsail Road, this 3-bedroom, 1-bathroom property offers a rare opportunity for homeowners, investors, entrepreneurs, and developers alike. While the home requires some TLC and cosmetic updating, it boasts solid bones, a strong structure, and recent electrical upgrades, providing an excellent foundation for future improvements. Situated on a large parcel of land with impressive frontage along Topsail Road, the property benefits from a desirable commercial-residential mix, creating endless possibilities for a variety of uses. Whether you're looking to renovate and enjoy as a family home, establish a home-based business, or explore future development opportunities, this property offers exceptional flexibility. A detached garage further enhances the property's appeal and may be ideal for automotive enthusiasts or entrepreneurs seeking a location to operate a vehicle repair, detailing, or sales business while living on-site. For those seeking an even larger land assembly, the adjoining property is also available for purchase, presenting a unique opportunity to acquire a substantial holding in one of the area's most visible and accessible locations. Properties with this combination of location, frontage, land size, and potential rarely become available. The opportunities here are truly limitless. (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$650,000
Down Payment - 7%$45,500
Interest Rate5.25%

Amortization

Estimated Monthly Cost

$4,582

Mortgage Payment
$3,622
Property Tax
$460
Insurance
$150
Utilities
$350
Down Payment
$45,500
Loan Amount
$604,500
Total Interest
$482,236

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

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