668 Old Broad Cove Road Portugal Cove - St. Philips, Newfoundland & Labrador A1M 2B6

$1,200,000

Exceptional Development Opportunity: 20 Acres of Approved Land in Portugal Cove-St. Philips Rare opportunity to acquire approximately 20 acres of raw, prime real estate, with preliminary approval for up to 83 lots in the highly sought-after area of Portugal Cove-St. Philips. Located just off Broad Cove Road, this expansive property offers unparalleled potential for residential development. The current owner has secured approval in principle for a subdivision with 83 potential lots; however, the exact number of lots can vary depending on the layout and development plans chosen by the new owner. The land has been preapproved by the Town of Portugal Cove-St. Philips, and with the necessary permits, it is ready to be developed into a thriving community. This parcel of land is strategically positioned, offering easy access to local amenities and the stunning natural beauty of the area and breathtaking views of bell island making this an ideal choice for a residential development project. As development progresses, additional permits will be required to ensure all local regulations are met, providing the new owner with a clear and structured path forward. Whether you’re a developer looking to capitalize on this growing region, or a land investor seeking a promising project, this property offers an incredible opportunity. Don’t miss out on the chance to secure one of the last large, approved parcels in the area! Purchasers responsible for GST. (id:47656)

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https://www.realtor.ca/real-estate/28082390/668-old-broad-cove-road-portugal-cove-st-philips