For Sale · Land

0 Burnt Arm Road, Laurenceton

0 Burnt Arm Road, Laurenceton, Newfoundland & Labrador A0G0B4

$189,000 total

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Asset Class

Land

Size

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Building class

C

Zoning

AG — Agricultural

$ / SF

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Occupancy

87%

About this property

Here’s an incredible opportunity to own a beautiful 14.5-acre parcel of oceanfront property just off Burnt Arm Road in scenic Laurenceton, NL, formerly known as Kite Cove and located in the heart of beautiful Notre Dame Bay! With approximately 250 feet of ocean frontage, this property offers the perfect setting to build your dream home or cottage right along the water’s edge. Imagine waking up to beautiful ocean views and enjoying the peace and privacy that comes with owning your own piece of Newfoundland’s coastline! The possibilities are endless! This property offers excellent potential to subdivide into smaller parcels for individual resale, or keep all 14.5 acres for yourself and enjoy the privacy and space.  There is an existing access road to the property and a 10-metre-wide surveyed access point from the street, offering the opportunity for your own private road. A new survey to be provided by the owner prior to closing. Whether you’re looking to build your dream oceanfront getaway, develop multiple lots, or simply invest in a beautiful piece of Newfoundland coastline, this property is full of potential! Don’t miss this fantastic opportunity to own a piece of beautiful Notre Dame Bay in Burnt Arm, Laurenceton, NL. (id:66811)

Financial sandbox

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Estimate
Purchase price$189K
Down payment30% · $57K
Interest rate6.25%
Amortization25 years
Occupancy87%
Expense growth2.5%

Monthly debt service

$873

Projected NOI

$8K

Annual cash flow

$-3K

Cash-on-cash

-5.11%

DSCR

0.72

Going-in cap

4.01%

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

103,042

Households

47,607

Median income

$126,000

Median age

34.1

Daytime population

97,185

5-yr growth

6.1%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 0 Burnt Arm Road, Laurenceton.

NDA required
  • 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.