88 Southside Road
Petty Harbour-Maddox Cove, NL, A0A3H0
List price
$320,000
About this propertyMLS® 1296020
Set on a scenic hillside overlooking the deep blue waters of the harbour in Petty?Harbour–Maddox?Cove, this beautifully renovated 2-bedroom, 1-bath coastal retreat is ready to delight. With the home fully re-built to the studs in 2022, it features modern comfort and timeless charm. Step into the open living area where expansive windows frame the sweeping ocean view and invite in natural light and sea air. From here, wooden-ceilings and panelling create a cozy yet crisp aesthetic, while the generous deck just outside offers a perfect place for morning coffee or sunset cocktails. The well-appointed kitchen blends style and efficiency with butcher-block counters, modern cabinetry and bar seating, ideal whether you’re whipping up a fresh seafood dinner for two or hosting friends. Both bedrooms echo the home’s warm wood tones and carry that same attention to detail, making this home move-in ready. Outside, you’ll find stairs and pathways leading down toward the harbour, offering that unique seaside lifestyle, and for buyers seeking income potential, the property is well-suited for short-term rental guests looking for a peaceful Newfoundland escape just minutes from St.John’s. Truly, this home presents a unique opportunity: blend of full update, lovely ocean view, manageable scale (2 beds/1 bath) and strong market area. Welcome to your piece of oceanfront charm in one of Newfoundland’s most photographed fishing villages.
Property details
More details
Overview
The home
Systems & utilities
Size & land
Taxes
Parking & outdoor
Features
Fees & source
Rooms
How this works
Not an architectural plan: each rectangle's width and height are proportional to the listed room dimensions at one shared scale; room positions are not the real layout. Hover or focus a room for its exact size.
Furniture scenes are drawn to the same scale to show what fits: a bed sized to the room (king/queen/double/single) with nightstands and a dresser, bathtub→shower→toilet+vanity by space, sofa + coffee table + armchairs, counter + island, dining set… centred as a group. Placement is illustrative, not the real arrangement.
View rooms as table
| Main level | Primary Bedroom Bedroom Bath (# pieces 1-6) Kitchen Living room Dining room | 11.8 x 12.4 · 146 sqft 9.7 x 10 · 97 sqft 12.1 x 6.4 · 77 sqft 11.4 x 9.3 · 106 sqft 15.5 x 12.8 · 198 sqft 11.2 x 9.2 · 103 sqft |
Petty Harbour-Maddox Cove at a glance
Live market stats for Petty Harbour-Maddox Cove: what's for sale, what it costs, how it compares to nearby towns, and how walkable this address is.
Homes for sale here
7
Median list price
$69k
Price range
$30k – $859k
Typical build
1996
Average size
2,000 sqft
Where Petty Harbour-Maddox Cove listings are priced
Every active list price in Petty Harbour-Maddox Cove, grouped into bands.
List price, thousands of $ · 7 homes
View as table
| Price band ($) | Listings |
|---|---|
| <200 | 5 |
| 300–400 | 1 |
| 750–1M | 1 |
How Petty Harbour-Maddox Cove compares
Median list price against the next biggest markets. Click a row for that area guide.
Petty Harbour-Maddox Covenearby markets
Neighbourhood scores
Walk, bike, and transit scores for this exact address.
Location, air, flood & taxes
Flood (100-yr)
outside the mapped floodplain
Elevation
13 m
0300 mmetres above sea level
Air quality now
1–3 band
110+AQHI 2 · Low risk · St. John's · updated 10:30 a.m.
Property tax
$1,300 / year
≈ $108 / month
Amenity constellation
compass view · OpenStreetMap · ODEF schools
Nothing mapped within 1.5 km of this address yet. Dots appear here once OpenStreetMap coverage reaches it (coverage is thin outside the Avalon).
Nearby & drive routes
0 places shown · OpenStreetMap · OSRM
No amenities mapped within 1.5 km of this address yet. OpenStreetMap coverage is thin outside the Avalon, so nearby shops and schools may not appear here.
Nothing mapped within 1.5 km of this address.
What this home really costs
Winter heat, five years of ownership, how this price sits against the market, and what the map says is within walking distance: every figure captioned with its assumptions.
5-year cost of ownership
20% down · 25-yr
5-year all-in: $105,325
Closing costs + five years of running costs + 60 mortgage payments on a $320,000 home.
If rates rise 2 points
$18,632 more over five years if the rate is 6.84% instead of 4.84% (P&I only).
Once, at closing
- Land transfer (registration) fee$100 + $0.40 per $100 over $500, capped at $5,000$1,378
- Legal feesest.estimate, your lawyer quotes the exact figure$1,500
- Down payment (20%)$64,000
Every year
- Heatingest.2× the Jan–Mar estimate (heating season ≈ 6 months)$416
- Property taxfrom the feed$1,300
- Home insuranceest.estimate, NL range $700–$1,500/yr$1,100
× 5 years = $14,080
By down payment
| Down | Payment | 5-yr all-in | Note |
|---|---|---|---|
| 5% | $1,749 | $121,894 | needs mortgage insurance (not modelled) |
| 10% | $1,657 | $116,371 | needs mortgage insurance (not modelled) |
| 20% | $1,473 | $105,325 | no mortgage insurance |
Estimates, not a quote or an appraisal. Mortgage at 4.84% (lowest bank 5-yr fixed, Ratehub.ca, 2026-11-12), 25-year amortization, P&I only. Land transfer fee: Registry of Deeds schedule ($100 + $0.40/$100 over $500, cap $5,000). Legal $1,500 and insurance $1,100/yr (NL range $700–$1,500) are estimates. Heating is 2× the Jan–Mar winter estimate. 5-year all-in = closing costs + 5 years of running costs + 60 mortgage payments; it excludes CMHC insurance (needed below 20% down), utilities other than heat, and maintenance.
Winter warmer
Jan–Mar · estimate
$69/mo
Est. winter heating (heat pump electricity): about $208 for January through March.
Estimate, not an appraisal. heat pump electricity at 15.587¢/kWh (Newfoundland Power, eff. Jul 1 2026, pre-HST). 800 sqft. Severity 1.00× St. John's from the ST JOHN'S A station 1981–2010 normal. Jan–Mar only; excludes HST, hot water, cooking and any cooling.
More cost & context panels
Rate time machine
same house · same down payment
Same house, same down payment: your payment today at 4.84%lowest bank rate · posted was 6.19%
- Today, lowest bank rate2026-11-12 · 4.84%$1,473/mo
- Today, posted2026-11-04 · 6.19%$1,679/mo
- 5 years ago2021-11-03 · 4.79%$1,465/mo
- 10 years ago2016-11-02 · 4.64%$1,443/mo
At 6.19%, five years ago, the same mortgage would have cost $206 more each month than at today's posted rate.
Principal & interest only: $256,000 (80% of the $320,000 asking price, 20% down), 25-year amortization. No taxes, insurance, fees, or mortgage insurance. Today's rate is the Bank of Canada conventional 5-year rate observed 2026-11-04. The 5- and 10-year rows are two documented observations of that same series (2021-11-03 = 4.79%, 2016-11-02 = 4.64%, retrieved 2026-11-01 from bankofcanada.ca/valet), fixed reference points, not a modelled path between them. Estimate, not an offer of credit; your lender's rate will differ.
Ask this listing
open data · 1 question
- In the 100-year floodplain?No, outside itCity of St. John's flood map
From OpenStreetMap + ODEF schools (straight-line distance) and the City of St. John's flood & zoning maps. Flood and zoning are mapped for St. John's only; elsewhere those questions don't appear because we don't know the answer.
Monthly carrying cost
$1,458/mo
Calculators
Estimate payments and returns before you make an offer, all in one place.
Mortgage & investment calculator
Estimated monthly payment
$109/mo
Principal & interest $0 + property tax $109 per month
Financing breakdown
Investment calculator
Monthly cash flow
$-399
NOI / month
$-399
Cap rate
-1.50%
Gross yield
0.00%
| Line item | Monthly | Yearly |
|---|---|---|
| Gross rent | $0 | $0 |
| Mortgage | $0 | $0 |
| Property tax | $109 | $1,300 |
| Expenses | $291 | $3,492 |
| Vacancy | $0 | $0 |
| Management | $0 | $0 |
| Cash flow | $-399 | $-4,788 |
| NOI | $-399 | $-4,788 |
Flip rule of thumb: buy at ≤ 70% of ARV minus repair costs.
Have a question?
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Talk to Haris
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- Call or text416-873-4676
- Emailharis@barki.co
- Office17 Duffy Place, Suite 200, St. John's
Keller Williams Platinum Realty