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.
Property details
More details
Overview
The home
Systems & utilities
Size & land
Taxes
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
| Second level | Bedroom Bedroom | 14.05 x 6.05 · 85 sqft 12.04 x 6.05 · 73 sqft |
| Main level | Bedroom Porch Kitchen Dining room Bedroom Laundry room Bath (# pieces 1-6) Foyer Family room/Fireplace | 12 x 10.07 · 121 sqft 5.01 x 7.02 · 35 sqft 8.09 x 12.06 · 98 sqft 12.02 x 10.05 · 121 sqft 10.07 x 11 · 111 sqft 7.03 x 9.01 · 63 sqft 5.03 x 7.10 · 36 sqft 9.01 x 4.10 · 37 sqft 10.06 x 12.09 · 122 sqft |
Broad Cove-Small Point at a glance
Live market stats for Broad Cove-Small Point: what's for sale, what it costs, how it compares to nearby towns, and how walkable this address is.
Homes for sale here
1
Median list price
$300k
Price range
$300k – $300k
Typical build
1940
Average size
1,100 sqft
Where Broad Cove-Small Point listings are priced
Every active list price in Broad Cove-Small Point, grouped into bands.
List price, thousands of $ · 1 homes
View as table
| Price band ($) | Listings |
|---|---|
| 200–300 | 1 |
How Broad Cove-Small Point compares
Median list price against the next biggest markets. Click a row for that area guide.
Broad Cove-Small Pointnearby markets
Neighbourhood scores
Walk, bike, and transit scores for this exact address.
Location, air, flood & taxes
Elevation
21 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.
Flood & zoning are mapped for St. John's only
Property tax
$730 / year
≈ $61 / 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: $101,924
Closing costs + five years of running costs + 60 mortgage payments on a $299,900 home.
If rates rise 2 points
$17,461 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$1,298
- Legal feesest.estimate, your lawyer quotes the exact figure$1,500
- Down payment (20%)$59,980
Every year
- Heatingest.2× the Jan–Mar estimate (heating season ≈ 6 months)$1,432
- Property taxfrom the feed$730
- Home insuranceest.estimate, NL range $700–$1,500/yr$1,100
× 5 years = $16,310
By down payment
| Down | Payment | 5-yr all-in | Note |
|---|---|---|---|
| 5% | $1,639 | $117,453 | needs mortgage insurance (not modelled) |
| 10% | $1,553 | $112,277 | needs mortgage insurance (not modelled) |
| 20% | $1,380 | $101,924 | 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
$239/mo
Est. winter heating (electricity): about $716 for January through March.
Estimate, not an appraisal. electricity at 15.587¢/kWh (Newfoundland Power, eff. Jul 1 2026, pre-HST). 1,100 sqft. Climate severity defaults to the St. John's normal (no station nearby). 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%$1,380/mo
- Today, posted2026-11-04 · 6.19%$1,574/mo
- 5 years ago2021-11-03 · 4.79%$1,373/mo
- 10 years ago2016-11-02 · 4.64%$1,353/mo
At 6.19%, five years ago, the same mortgage would have cost $194 more each month than at today's posted rate.
Principal & interest only: $239,920 (80% of the $299,900 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.
Monthly carrying cost
$1,325/mo
Calculators
Estimate payments and returns before you make an offer, all in one place.
Mortgage & investment calculator
Estimated monthly payment
$61/mo
Principal & interest $0 + property tax $61 per month
Financing breakdown
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.
Have a question?
Send a message and Haris will get back to you — usually the same day.
Talk to Haris
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