Brigus Bay - Newfoundland, Canada - SOLD

Newfoundland, Canada

Newfoundland is Canada's youngest (1949) and most easterly province. The island of Newfoundland and its mainland region of Labrador constitute the oldest European settlement in North America. Its history and sense of place make the region a culturally-unique destination. The vegetation, geological resources and animal species are some of the most varied in the world. Between 30 to 40 million seabirds visit Newfoundland & Labrador each year, including the handsome puffin.Over 22 species of whales live in the waters around the province (containing the world's largest concentration of humpback whales). The rustic, dramatic beauty of the region and coastline is increasingly popular as a tourist destination for visitors from England and the U.S. The St. John's harbor is also a stopping-off point for several cruise ship lines.

"New Foundland (& Labrador's) landscape and its animal inhabitants are equally remarkable. As any local will tell you, this is the most blessedly cursed union of land, sea, air and sky in creation. Come here once, and you'll have a perpetual longing to return."
- Frommer's Guide to New Foundland & Labrador

Brigus Bay

The Loring Freshwater Fund has acquired an outstanding 12-acre property on a plateau that sits above Brigus Bay and the village of Brigus. Brigus is a small fishing village that has won a "Tidy Towns Award" for its pristine appearance. The narrow streets, restored homes with meticulous gardens and flowers of Brigus create a "step back in time" feeling to the visitor.

The view of the sea and surrounding hills from the LFF property is spectacular. The property is a plateau overlooking the public wharf that is used by both pleasure and fishing boats. A high level of privacy is possible since the lot is surrounded on three sides by Crown land (a permanent wildlife sanctuary) and the fourth is a vacant lot. In the summer, the entire lot becomes a carpet of blueberries (the Brigus Blueberry Festival is a popular annual event).

The previous owner had installed electric lines. The land had remained unsold due to the steep drive up the plateau. However, LFF has secured an estimate from a local engineer and road builder for an entrance road. LFF expects that the property will be developed into condominiums overlooking the bay, meaning the lot would sell for $300,000 within 2 to 5 years. There are no current comparable prices for condominium developments, however, lots nearby sell for $25,000 each.