$54,900
MLS #1296764 · Upper Island Cove
0 Farm Road
- Type
- Vacant Land
- Agent
- Sarah Morgan
- Brokerage
- BlueKey Realty Inc.
1 / 10Property Details
This beautiful, 0.55 acre parcel of land on Back Road in Upper Island Cove offers a rare opportunity to build your dream home with stunning ocean views. There is potential to subdivide into two lots with 135' total road frontage (subject to town approval). The natural incline of the property is perfectly positioned to take full advantage of the coastal scenery, providing a peaceful and picturesque setting. Ideal for a year-round residence or seasonal getaway, this location combines rural living with convenient access to nearby amenities. With municipal services available this land is ready for development, this is a prime spot for anyone looking to enjoy the charm and natural beauty of Newfoundland’s coastline. Survey to be completed to determine exact boundaries. There is a rock wall at the top of the lot that is the expected property boundary. (id:66441)
Cost To Own
Down payment & monthly cost
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%.
Your OfferAsking $59,900
$59,900
Over askingAt asking
Down Payment · 5%$2,995
Interest Rate5.25%
Amortization
Estimated Monthly Cost
$980
- Mortgage Payment
- $355
- Property Tax
- $125
- Insurance
- $150
- Utilities
- $350
Cash To Close
$2,995
- Down Payment
- $2,995
- CMHC Insurance (financed)
- $2,276
- Loan Amount
- $59,181
- Total Interest · 25 yr
- $47,211
Under 20% down requires CMHC default insurance, added to your loan. Estimate only — final costs depend on lender approval, taxes, insurance, and closing costs.
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