54 Big Meadow Drive
Logy Bay-Middle Cove-Outer Cove, NL, A1K0N1
List price
$185,000
About this propertyMLS® 1302453
Big Meadow Drive is one of the most highly sought-after locations for executive real estate development in Logy Bay-Middle Cove- Outer Cove. The combination of large, private executive lots and immediate proximity to both family amenities and the rugged coastline makes it a rare find so close to St. John's. There are many nearby recreational and community amenities. For instance Kelly Park features multi-sport facilities including a softball field, soccer pitch, tennis court, walking trails and newly dedicated pickleball courts. St. Francis Elementary School is located just minutes away, offering strong community-based schooling for local families. Middle cove Beach, situated less than 5 minutes away, is famous for caplin running, beach bonfires, rugged coastal views, and ocean air. As if that wasn't enough, the Jack Byrne Regional Sport Entertainment Centre provides minor hockey, trade shows can provide winter indoor walking tracks, hockey leagues, and skating facilities. All of this is positioned less than 10 minutes from the Stavanger Drive shopping district and downtown St. John's. Purchase price is plus HST.
Property details
More details
Overview
The home
Systems & utilities
Features
Fees & source
Rooms
Logy Bay-Middle Cove-Outer Cove at a glance
Live market stats for Logy Bay-Middle Cove-Outer Cove: what's for sale, what it costs, how it compares to nearby towns, and how walkable this address is.
Homes for sale here
25
Median list price
$200k
Price range
$69k – $1.7M
Typical build
2011
Average size
3,202 sqft
Where Logy Bay-Middle Cove-Outer Cove listings are priced
Every active list price in Logy Bay-Middle Cove-Outer Cove, grouped into bands.
List price, thousands of $ · 24 homes
View as table
| Price band ($) | Listings |
|---|---|
| <200 | 12 |
| 200–300 | 5 |
| 300–400 | 1 |
| 400–500 | 1 |
| 500–750 | 3 |
| 1M+ | 2 |
How Logy Bay-Middle Cove-Outer Cove compares
Median list price against the next biggest markets. Click a row for that area guide.
Logy Bay-Middle Cove-Outer Covenearby markets
Neighbourhood scores
Walk, bike, and transit scores for this exact address.
Location, air, flood & taxes
Elevation
93 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
Climate
Feb -1° · Jul 21°
normal daily high · ST JOHN'S A station · 1981–2010
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: $67,055
Closing costs + five years of running costs + 60 mortgage payments on a $185,000 home.
If rates rise 2 points
$10,771 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$838
- Legal feesest.estimate, your lawyer quotes the exact figure$1,500
- Down payment (20%)$37,000
Every year
- Heatingest.2× the Jan–Mar estimate (heating season ≈ 6 months)$1,626
- Home insuranceest.estimate, NL range $700–$1,500/yr$1,100
× 5 years = $13,630
By down payment
| Down | Payment | 5-yr all-in | Note |
|---|---|---|---|
| 5% | $1,011 | $76,634 | needs mortgage insurance (not modelled) |
| 10% | $958 | $73,441 | needs mortgage insurance (not modelled) |
| 20% | $851 | $67,055 | 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. No property tax on record; that line is omitted. 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.
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%$851/mo
- Today, posted2026-11-04 · 6.19%$971/mo
- 5 years ago2021-11-03 · 4.79%$847/mo
- 10 years ago2016-11-02 · 4.64%$834/mo
At 6.19%, five years ago, the same mortgage would have cost $119 more each month than at today's posted rate.
Principal & interest only: $148,000 (80% of the $185,000 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
$780/mo
Calculators
Estimate payments and returns before you make an offer, all in one place.
Mortgage & investment calculator
Estimated monthly payment
$0/mo
Principal & interest $0 per month
Financing breakdown
Investment calculator
Monthly cash flow
$0
NOI / month
$0
Cap rate
0.00%
Gross yield
0.00%
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| Gross rent | $0 | $0 |
| Mortgage | $0 | $0 |
| Property tax | $0 | $0 |
| Expenses | $0 | $0 |
| Vacancy | $0 | $0 |
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| NOI | $0 | $0 |
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