For Sale · Land

162-182 Riverside Road East, Glovertown

162-182 Riverside Road East, Glovertown, Newfoundland & Labrador A0G0A8

$99,000 total

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Asset Class

Land

Size

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Building class

A

Zoning

UR — Urban Reserve

$ / SF

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Occupancy

91%

About this property

Welcome to 162-182 Riverside Rd. E., Glovertown — Your Opportunity Awaits! Nestled in the picturesque coastal community of Glovertown, this remarkable 8-acre parcel offers endless possibilities for your vision. Whether you're dreaming of establishing a charming hobby farm, building your private retreat, or developing a new subdivision, this versatile piece of land is ready to turn your plans into reality. Situated in a scenic area with stunning natural beauty, this property provides ample space for outdoor activities, gardening, or future development. Its convenient location offers a peaceful lifestyle while remaining accessible to local amenities, making it an ideal spot for both personal enjoyment and investment. Don’t miss your chance to own a piece of Glovertown’s scenic landscape. Whether you’re starting a new venture or seeking the perfect spot to build your dream home, this 8-acre lot is waiting for you. Contact an agent today to explore this exciting opportunity! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$99K
Down payment30% · $30K
Interest rate6.25%
Amortization25 years
Occupancy91%
Expense growth2.5%

Monthly debt service

$457

Projected NOI

$4K

Annual cash flow

$-2K

Cash-on-cash

-5.06%

DSCR

0.73

Going-in cap

4.02%

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

69,185

Households

27,198

Median income

$69,000

Median age

38.1

Daytime population

102,488

5-yr growth

7.7%

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

Secure deal room

Confidential diligence documents for 162-182 Riverside Road East, Glovertown.

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.