For sale · MLS® 1301885
531 Main Highway
Broad Cove - Small Point, NL, A0A1L0
List price
$299,900
About this propertyMLS® 1301885
Looking for a walk-in-ready property with exciting income potential? Welcome to 531 Main Highway, Broad Cove—a fully furnished, four-bedroom, one-and-a-half-bath home that has previously been enjoyed as an Airbnb. With its spacious layout, ocean views and inviting coastal charm, this property is well suited as a short-term rental, seasonal retreat or comfortable family home. Much of the work has already been completed, including a new septic system in 2023, hot water tank in 2025, UV water-filtration system, renovated main bathroom with walk-in shower, added half bath and porch, updated windows in the kitchen and upstairs bedrooms, refinished floors and original doors, interior painting, attic wall insulation and a new wood-stove chimney with WETT documentation available. Original woodwork and character are found throughout, giving guests an authentic Newfoundland experience while still offering modern conveniences. The home comes fully furnished, allowing a new owner to step in and begin enjoying the property—or explore its potential as an income-producing Airbnb—without the expense and effort of furnishing it from scratch. Located in a peaceful coastal community, this is a wonderful opportunity for anyone seeking a distinctive getaway with room for family and guests. (id:56688)
Specifications
Property details
Room by room
Rooms
| Second level | Bedroom Bedroom | 14.05 x 6.05 12.04 x 6.05 |
| Main level | Bedroom Porch Kitchen Dining room Bedroom Laundry room Bath (# pieces 1-6) Foyer Family room/Fireplace | 12 x 10.07 5.01 x 7.02 8.09 x 12.06 12.02 x 10.05 10.07 x 11 7.03 x 9.01 5.03 x 7.10 9.01 x 4.10 10.06 x 12.09 |
The essentials
Location, air, flood & taxes
Elevation
21 m above sea level
Air quality now
AQHI 1.82 · Low risk
St. John's station · updated 2:00 a.m.
Property tax
$730 / year
≈ $61 / month
Nearby & drive routes
0 places shown · 3 routes · OpenStreetMap · OSRM
- 106 min to downtown St. John's128.6 km
- 105 min to Memorial University127.4 km
- 110 min to Avalon Mall134.1 km
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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
$61/mo
Principal & interest $0 + property tax $61 per month
Financing breakdown
Rental math
Investment calculator
Monthly cash flow
$-374
NOI / month
$-374
Cap rate
-1.50%
Gross yield
0.00%
| Line item | Monthly | Yearly |
|---|---|---|
| Gross rent | $0 | $0 |
| Mortgage | $0 | $0 |
| Property tax | $61 | $730 |
| Expenses | $314 | $3,768 |
| Vacancy | $0 | $0 |
| Management | $0 | $0 |
| Cash flow | $-374 | $-4,488 |
| NOI | $-374 | $-4,488 |
Flip rule of thumb: buy at ≤ 70% of ARV minus repair costs.
Get in touch
Have a question?
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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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