1/87 Brookside Place Unit#LOT 1, Portugal Cove
7 Brookside Place Unit#LOT 1, Portugal Cove, Newfoundland & Labrador A1M2P4
$76,500 total
—
Asset Class
Land
Size
—
Building class
B
Zoning
UR — Urban Reserve
$ / SF
—
Occupancy
83%
About this property
This lot is part of a 6-lot subdivision, recently surveyed and approved for subdivision with all lots fronting onto Brookside Place. Each lot has approximately 49 foot (15 meter) frontage and conforms to the requirements of the Residential Medium Density (RMD) land use zone. Municipal water and sanitary sewer lines run along the property's Brookside Place frontage. Purchasers to be responsible for all site work, development permits, HST and the installation of service laterals. Brookside Place is a paved cul-de-sac located just off Churchill's Road near Portugal Cove Road. Embrace the small town lifestyle and rural charm of this coastal community with the City of St. John's, major retail centers and an international airport less than 15 minutes away. Zoned for Beachy Cove Elementary (offering PK - 4th grade), Brookside Intermediate (Gr 5-9), and Prince of Wales Collegiate (Gr 10-12) with French Immersion options available. NOTE: An older dwelling deemed a ""tear down"" exists on LOT 1. Removal of dwelling to be responsibility of the Purchaser. Asking price has been adjusted to reflect demolition costs. (id:66811)
Financial sandbox
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$353
Projected NOI
$3K
Annual cash flow
$-1K
Cash-on-cash
-6.41%
DSCR
0.65
Going-in cap
3.62%
Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.
Area demographics
Trade area within 3 miles of the property.
Population
89,184
Households
37,935
Median income
$108,000
Median age
34.3
Daytime population
76,267
5-yr growth
3%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for 7 Brookside Place Unit#LOT 1, Portugal Cove.
Offering Memorandum
PDF · 4.2 MB
Rent Roll & T-12
XLSX · 820 KB
Environmental Phase I
PDF · 6.7 MB
Site Survey & Plans
PDF · 11.4 MB
Zoning Confirmation Letter
PDF · 310 KB
Preview experience — the electronic NDA is illustrative and is not a binding agreement.