For sale · MLS® 1303685
80-82 Riverside Drive
Salmon Cove, NL, A0A3S0
List price
$175,000
About this propertyMLS® 1303685
There are places that instantly feel like home. Places where the salt air, the water, the old houses and the rugged beauty of the Newfoundland coast come together. Welcome to Salmon Cove. Tucked in this beautiful coastal community is a rare waterfront property with something even more special than its shoreline — water access that connects you to Harry’s Pond and the open ocean. Moor your boat in front of your doorstep and set out for a day of fishing, or exploring. And then there’s the house. The original portion is over 100 years old, carrying the character and history of generations of Newfoundland life. An addition was completed in 1993, adding a large eat-in kitchen, full bathroom and primary bedroom. In total the home offers six bedrooms and one full bathroom, providing lots of space for family and friends. This home is waiting for someone with vision. Modernize it, personalize it, create a summer retreat, embrace its potential, or turn it into the kind of Newfoundland home you’ve always imagined. Outside, the magic continues. The water is right there - at your front door. The community playground is nearby. Located amidst the unmistakable charm of Salmon Cove — the kind of place where the landscape, the ocean and Newfoundland character are part of everyday life. There is also a storage shed on the property, offering a handy spot for tools and toys. You can update a house. You can make a space your own. You cannot recreate a waterfront lot. Waterfront in Salmon Cove is rare. Water access is rarer. And six bedrooms, with this much potential, at this price? Now that’s opportunity! If you’ve been waiting for your chance to call Salmon Cove home, this might just be it! (id:56688)
Specifications
Property details
Room by room
Rooms
| Second level | Bedroom Bedroom Bedroom Bedroom | 12'3"" x 9' 12'1"" x 9' 8'6"" x 6'11"" 9'6"" x 8'8"" |
| Main level | Bedroom Living room Eat in kitchen Bath (# pieces 1-6) Primary Bedroom | 9'6"" x 9'6"" 20' x 12' 16' x 11' 5' x 7'6"" 18' x 9' |
The essentials
Location, air, flood & taxes
Elevation
0 m above sea level
Air quality now
AQHI 1.82 · Low risk
St. John's station · updated 2:00 a.m.
Property tax
$1,002 / year
≈ $84 / month · assessment year 2026
Nearby & drive routes
0 places shown · 3 routes · OpenStreetMap · OSRM
- 96 min to downtown St. John's117.9 km
- 96 min to Memorial University116.7 km
- 101 min to Avalon Mall123.5 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
$84/mo
Principal & interest $0 + property tax $84 per month
Financing breakdown
Rental math
Investment calculator
Monthly cash flow
$-218
NOI / month
$-218
Cap rate
-1.49%
Gross yield
0.00%
| Line item | Monthly | Yearly |
|---|---|---|
| Gross rent | $0 | $0 |
| Mortgage | $0 | $0 |
| Property tax | $84 | $1,002 |
| Expenses | $135 | $1,620 |
| Vacancy | $0 | $0 |
| Management | $0 | $0 |
| Cash flow | $-218 | $-2,616 |
| NOI | $-218 | $-2,616 |
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
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