34 DISCOVERY Estates
Milton-Georges Brook, NL, A5A0J3
List price
$399,900
About this propertyMLS® 1304402
Opportunity and potential all wrapped into one! This unique property offers plenty of possibilities, whether you're looking to step into an established business setup, explore a new venture, or transform the space into an amazing home! Located approximately 15 minutes from Clarenville on a spacious ½-acre lot, there's plenty of room for parking and potential expansion. The beautifully finished, turnkey salon features a welcoming reception/waiting area, 3 workstations, a wash station, private esthetics room, laundry area and bathroom. There's also a super cool studio apartment that's full of character and offers great potential for Airbnb or short-term rental income! As an added bonus, there's a separate vacant section ready to accommodate retail space or another business opportunity. Keep the current set-up and enjoy the possibility of operating your own business while generating rental income to help offset expenses or take things in a completely different direction! With its versatile layout, generous lot and convenient location, the possibilities are certainly worth exploring. Whether you're an entrepreneur, investor or someone with a vision for a unique residential conversion, this property is packed with potential. Why not take the leap and make it your own! * If HST is applicable the Purchaser would be responsible to pay it.
Property details
More details
Overview
The home
Systems & utilities
Size & land
Taxes
Features
Fees & source
Rooms
Milton-Georges Brook at a glance
Live market stats for Milton-Georges Brook: what's for sale, what it costs, how it compares to nearby towns, and how walkable this address is.
Homes for sale here
8
Median list price
$34k
Price range
$22k – $400k
Typical build
1999
Average size
1,279 sqft
Where Milton-Georges Brook listings are priced
Every active list price in Milton-Georges Brook, grouped into bands.
List price, thousands of $ · 8 homes
View as table
| Price band ($) | Listings |
|---|---|
| <200 | 6 |
| 200–300 | 1 |
| 300–400 | 1 |
How Milton-Georges Brook compares
Median list price against the next biggest markets. Click a row for that area guide.
Milton-Georges Brooknearby markets
Neighbourhood scores
Walk, bike, and transit scores for this exact address.
Location, air, flood & taxes
Elevation
27 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
$450 / year
≈ $38 / month · assessment year 2026
Climate
Jan -2° · Aug 22°
normal daily high · LETHBRIDGE 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: $125,429
Closing costs + five years of running costs + 60 mortgage payments on a $399,900 home.
If rates rise 2 points
$23,284 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$1,698
- Legal feesest.estimate, your lawyer quotes the exact figure$1,500
- Down payment (20%)$79,980
Every year
- Heatingest.2× the Jan–Mar estimate (heating season ≈ 6 months)$810
- Property taxfrom the feed$450
- Home insuranceest.estimate, NL range $700–$1,500/yr$1,100
× 5 years = $11,800
By down payment
| Down | Payment | 5-yr all-in | Note |
|---|---|---|---|
| 5% | $2,186 | $146,135 | needs mortgage insurance (not modelled) |
| 10% | $2,071 | $139,233 | needs mortgage insurance (not modelled) |
| 20% | $1,841 | $125,429 | 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
$135/mo
Est. winter heating (heat pump electricity): about $405 for January through March.
Estimate, not an appraisal. heat pump electricity at 15.587¢/kWh (Newfoundland Power, eff. Jul 1 2026, pre-HST). 1,557 sqft. Severity 1.00× St. John's from the LETHBRIDGE station 1981–2010 normal. 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%$1,841/mo
- Today, posted2026-11-04 · 6.19%$2,099/mo
- 5 years ago2021-11-03 · 4.79%$1,831/mo
- 10 years ago2016-11-02 · 4.64%$1,804/mo
At 6.19%, five years ago, the same mortgage would have cost $258 more each month than at today's posted rate.
Principal & interest only: $319,920 (80% of the $399,900 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
$1,724/mo
Calculators
Estimate payments and returns before you make an offer, all in one place.
Mortgage & investment calculator
Estimated monthly payment
$38/mo
Principal & interest $0 + property tax $38 per month
Financing breakdown
Investment calculator
Monthly cash flow
$-499
NOI / month
$-499
Cap rate
-1.50%
Gross yield
0.00%
| Line item | Monthly | Yearly |
|---|---|---|
| Gross rent | $0 | $0 |
| Mortgage | $0 | $0 |
| Property tax | $38 | $450 |
| Expenses | $462 | $5,544 |
| Vacancy | $0 | $0 |
| Management | $0 | $0 |
| Cash flow | $-499 | $-5,988 |
| NOI | $-499 | $-5,988 |
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