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For Sale · Torbay · Vacant Land
$200,000
About This Home
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:66635)
Summarizing the highlights...
Property Details
July Value
Calculating a July Value estimate...
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My Notes
Location
Run The Numbers
Monthly mortgage payment
$935
$160,000 financed over 25 years at 5%. For guidance only, not a quote or approval.
Monthly cost (mortgage + tax + maintenance)
$935
Cash flow
-$935
Estimates for education only. Talk to a JULY advisor for real numbers on this home.
Torbay right now
Live snapshot from the MLS® feed. Sold-price history and trend charts arrive with our VOW data feed.
The Neighbourhood
Household and demographic stats for Torbay, from the Statistics Canada 2021 Census.
The immediate block around this home (0.5 km radius): about 432 residents in 203 homes, 752 people/km² (suburban).
Source: Statistics Canada 2021 Census, Torbay, Town, Newfoundland and Labrador; block-level figures from dissemination area 10010783.
Schools
K-12 schools closest to this home, with straight-line distances.
Holy Trinity Elementary
elementary
St. Francis of Assisi Elementary
elementary
Source: Statistics Canada, Open Database of Educational Facilities. Distances are straight-line, not walking routes. Catchment boundaries change; always confirm with the school district.
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Listing information is provided courtesy of the Canadian Real Estate Association's Data Distribution Facility (DDF®) and is deemed reliable but is not guaranteed accurate by JULY Realty or CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA.