For sale · MLS® 1297611
40 Main Road
New Melbourne, NL, A0B2R0
List price
$249,000
About this propertyMLS® 1297611
Located at 40 Main Rd in beautiful New Melbourne, this charming coastal retreat offers the perfect blend of comfort, privacy, and breathtaking oceanfront living. Situated on a spacious 1.5-acre lot with direct access to a beautiful beach, this four-bedroom, two-bathroom home is ideal for year-round living, a vacation getaway, or an investment property. Enjoy stunning ocean views from multiple rooms while taking advantage of nearby swimming, surfing, and endless outdoor recreation right at your doorstep. The home has seen numerous modern upgrades, including a new mini-split system installed in 2023 for efficient year-round heating and cooling, a new roof completed in 2017, updated PEX plumbing throughout, and a new septic system added in 2022. Additional improvements such as upgraded windows, siding, and insulation enhance both comfort and energy efficiency. With spacious living areas, modern updates, and peaceful coastal surroundings, this move-in-ready property offers a rare opportunity to enjoy the best of Newfoundland seaside living. (id:56688)
Specifications
Property details
Room by room
Rooms
| Second level | Bath (# pieces 1-6) Bedroom Bedroom Bedroom | 6 X 8 8.3 X 9.5 8 X 9.5 9.5 X 10 |
| Main level | Mud room Laundry room Kitchen Ensuite Living room/Fireplace | 8 X 6 7.8 X 5.5 10.8 X 12.6 15.6 X 15.8 12.3 X 19.3 |
The essentials
Location, air, flood & taxes
Elevation
18 m above sea level
Air quality now
AQHI 1.82 · Low risk
St. John's station · updated 2:00 a.m.
Plan ahead
Calculators & neighbourhood
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Mortgage & investment calculator
Estimated monthly payment
$0/mo
Principal & interest $0 per month
Financing breakdown
Rental math
Investment calculator
Monthly cash flow
$-312
NOI / month
$-312
Cap rate
-1.50%
Gross yield
0.00%
| Line item | Monthly | Yearly |
|---|---|---|
| Gross rent | $0 | $0 |
| Mortgage | $0 | $0 |
| Property tax | $0 | $0 |
| Expenses | $312 | $3,744 |
| Vacancy | $0 | $0 |
| Management | $0 | $0 |
| Cash flow | $-312 | $-3,744 |
| NOI | $-312 | $-3,744 |
Flip rule of thumb: buy at ≤ 70% of ARV minus repair costs.
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- Office17 Duffy Place, Suite 200, St. John's
Keller Williams Platinum Realty
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