About this propertyMLS® 1298295
Set at the very end of Lakeview Drive on highly sought-after Georges Lake, this one-owner waterfront cottage offers the peace, privacy, and lakefront lifestyle you’ve been searching for. The lot is mostly level, with a steeper, but cleared approach to the water that has been well maintained over the years. Enjoy the convenience of launching your boat directly from your own shoreline and storing it in winter in the rear addition of the shed. Inside, the cottage blends comfort and character with an updated kitchen and bathroom, refinished maple floors, pine walls, tongue-and-groove spruce ceilings, and sweeping views of the lake. Quality construction is evident throughout, featuring 2x6 exterior walls, engineered joists and trusses, and durable CanExel siding, ensuring long-term peace of mind. Two bedrooms are located on the main level, while the full-height basement is dry, heated, and serviced by a 200-amp electrical panel, offering excellent potential for future development. This is an opportunity to own a private, move-in-ready retreat in a coveted location. Book your viewing today. (id:56688)
Specifications
Property details
Room by room
Rooms
| Basement | Laundry room | 10x8 |
| Main level | Bedroom Bedroom Bath (# pieces 1-6) Living room/Dining room Kitchen | 10x8 10x9 4PCE 22x14 8x7 |
The essentials
Location, air, flood & taxes
Elevation
152 m above sea level
Air quality now
AQHI 1 · Low risk
Corner Brook station · updated 2:00 a.m.
Property tax
$300 / year
≈ $25 / month · assessment year 2026
Plan ahead
Calculators & neighbourhood
Estimate payments and returns, and check how walkable this address is — all in one place.
Plan ahead
Mortgage & investment calculator
Estimated monthly payment
$25/mo
Principal & interest $0 + property tax $25 per month
Financing breakdown
Rental math
Investment calculator
Monthly cash flow
$-438
NOI / month
$-438
Cap rate
-1.50%
Gross yield
0.00%
| Line item | Monthly | Yearly |
|---|---|---|
| Gross rent | $0 | $0 |
| Mortgage | $0 | $0 |
| Property tax | $25 | $300 |
| Expenses | $413 | $4,956 |
| Vacancy | $0 | $0 |
| Management | $0 | $0 |
| Cash flow | $-438 | $-5,256 |
| NOI | $-438 | $-5,256 |
Flip rule of thumb: buy at ≤ 70% of ARV minus repair costs.
Get in touch
Have a question?
Send a message and Haris will get back to you — usually the same day.
Talk to Haris
A real person, every time
Buying, selling, or just curious about what your home is worth — no call centres, no runaround.
- Call or text416-873-4676
- Emailharis@barki.co
- Office17 Duffy Place, Suite 200, St. John's
Keller Williams Platinum Realty
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