About this propertyMLS® 1298519
A rare opportunity to own a private water-view property on scenic St. Mary's Bay. Set back from the road and surrounded by mature evergreens, this 3-bedroom bungalow offers 1,824 sq. ft. of solid living space with incredible potential for year-round living, a vacation retreat, or an investment property. Built with 2x6 exterior walls, a full 8-foot concrete foundation, double-insulated basement, and PVC windows throughout, the bones here are excellent. The home is heated by a wood/oil combination forced-air furnace, serviced by well and septic, and sits on approximately half an acre with a paved driveway in excellent condition. Trout fishing enthusiasts will love Murphy's Pond directly behind the property, while the surrounding area offers hiking, boating, ATV trails, and everything outdoor Newfoundland living has to offer. Just one hour from St. John's, Mount Carmel has all the essentials close by: a fire department, a community centre, post office, gas station, convenience store, and school bus service to St. Catherine's Academy. Along the way, you'll pass Salmonier Nature Park and The Wilds Resort and Golf Course. With annual property taxes of only $375, including garbage collection, the cost of ownership here is as refreshing as the view. Whether you're searching for a peaceful retirement property, a weekend getaway, or a project with room to add value, 592 Main Road delivers privacy, scenery, and potential in one beautiful package. Driveway to main road is 100% owned/attached as part of the original deed/survey (id:56688)
Specifications
Property details
Room by room
Rooms
| Main level | Bedroom Bedroom Bedroom Bath (# pieces 1-6) Living room Dining room Kitchen | 10.8 x 9.9 8.9 x 9.3 8.9 x 9.1 4 PC 14.3 x 12.2 9.7 x 10.8 10.8 x 8.3 |
The essentials
Location, air, flood & taxes
Elevation
22 m above sea level
Air quality now
AQHI 1.82 · Low risk
St. John's station · updated 2:00 a.m.
Property tax
$375 / year
≈ $31 / month
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
$32/mo
Principal & interest $0 + property tax $32 per month
Financing breakdown
Rental math
Investment calculator
Monthly cash flow
$-93
NOI / month
$-93
Cap rate
-1.49%
Gross yield
0.00%
| Line item | Monthly | Yearly |
|---|---|---|
| Gross rent | $0 | $0 |
| Mortgage | $0 | $0 |
| Property tax | $32 | $375 |
| Expenses | $62 | $744 |
| Vacancy | $0 | $0 |
| Management | $0 | $0 |
| Cash flow | $-93 | $-1,116 |
| NOI | $-93 | $-1,116 |
Flip rule of thumb: buy at ≤ 70% of ARV minus repair costs.
Get in touch
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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
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