40 West Point Road
Portugal Cove-St. Philip's, NL, A1M2G8
List price
$349,900
About this propertyMLS® 1304498
There are properties with ocean views and then there are places that make you feel like you’ve reached the edge of the earth. Welcome to Baccalieu Horizon, an extraordinary setting in Portugal Cove where dramatic Atlantic views, rugged Newfoundland landscape and remarkable privacy come together to create something truly special. From this elevated piece of land, the horizon stretches across Conception Bay toward Kelly’s Island and beyond, offering an ever-changing backdrop of whales, icebergs, fishing boats and spectacular sunsets. The owners thoughtfully carved a pathway through the property, allowing you to walk the land, experience the views and begin to imagine what could be created here, while intentionally leaving much of the surrounding landscape untouched. Mature trees and natural growth remain, providing a beautiful blank canvas for the next owner to decide how much nature to preserve and where to add their own personal touches. The result is a property that feels wonderfully removed from everyday life. Depending on how you choose to develop it, you could live tucked among the trees with remarkable privacy while still being only steps from your neighbours and within easy reach of Portugal Cove and St. John’s. This is not simply a place to build a house. It is an opportunity to create a one-of-a-kind custom home designed around the land and the view, walls of glass framing the Atlantic, outdoor living spaces overlooking the water, and architecture that feels completely connected to its surroundings. Land like this is increasingly difficult to find. Private, dramatic and unmistakably Newfoundland, Baccalieu Horizon offers the opportunity to build something exceptional while preserving as much of the natural landscape as you choose, creating a home and property that could truly be your own. Property boundaries shown are approximate and for illustration only. Actual boundaries and measurements may vary. Refer to official survey for accuracy.
Property details
More details
Overview
The home
Systems & utilities
Taxes
Parking & outdoor
Features
Fees & source
Rooms
Portugal Cove-St. Philip's at a glance
Live market stats for Portugal Cove-St. Philip's: what's for sale, what it costs, how it compares to nearby towns, and how walkable this address is.
Homes for sale here
64
Median list price
$400k
Price range
$35k – $1.2M
Typical build
2005
Average size
3,228 sqft
Where Portugal Cove-St. Philip's listings are priced
Every active list price in Portugal Cove-St. Philip's, grouped into bands.
List price, thousands of $ · 64 homes
View as table
| Price band ($) | Listings |
|---|---|
| <200 | 18 |
| 200–300 | 8 |
| 300–400 | 6 |
| 400–500 | 8 |
| 500–750 | 11 |
| 750–1M | 10 |
| 1M+ | 3 |
How Portugal Cove-St. Philip's compares
Median list price against the next biggest markets. Click a row for that area guide.
Portugal Cove-St. Philip'snearby markets
Neighbourhood scores
Walk, bike, and transit scores for this exact address.
Location, air, flood & taxes
Elevation
37 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
$1,975 / year
≈ $165 / month
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: $123,127
Closing costs + five years of running costs + 60 mortgage payments on a $349,900 home.
If rates rise 2 points
$20,372 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$1,498
- Legal feesest.estimate, your lawyer quotes the exact figure$1,500
- Down payment (20%)$69,980
Every year
- Heatingest.2× the Jan–Mar estimate (heating season ≈ 6 months)$1,626
- Property taxfrom the feed$1,975
- Home insuranceest.estimate, NL range $700–$1,500/yr$1,100
× 5 years = $23,505
By down payment
| Down | Payment | 5-yr all-in | Note |
|---|---|---|---|
| 5% | $1,912 | $141,244 | needs mortgage insurance (not modelled) |
| 10% | $1,812 | $135,205 | needs mortgage insurance (not modelled) |
| 20% | $1,610 | $123,127 | 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.
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%$1,610/mo
- Today, posted2026-11-04 · 6.19%$1,836/mo
- 5 years ago2021-11-03 · 4.79%$1,602/mo
- 10 years ago2016-11-02 · 4.64%$1,578/mo
At 6.19%, five years ago, the same mortgage would have cost $226 more each month than at today's posted rate.
Principal & interest only: $279,920 (80% of the $349,900 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
$1,640/mo
Calculators
Estimate payments and returns before you make an offer, all in one place.
Mortgage & investment calculator
Estimated monthly payment
$165/mo
Principal & interest $0 + property tax $165 per month
Financing breakdown
Investment calculator
Monthly cash flow
$-164
NOI / month
$-164
Cap rate
-0.56%
Gross yield
0.00%
| Line item | Monthly | Yearly |
|---|---|---|
| Gross rent | $0 | $0 |
| Mortgage | $0 | $0 |
| Property tax | $165 | $1,975 |
| Expenses | $0 | $0 |
| Vacancy | $0 | $0 |
| Management | $0 | $0 |
| Cash flow | $-164 | $-1,968 |
| NOI | $-164 | $-1,968 |
Flip rule of thumb: buy at ≤ 70% of ARV minus repair costs.
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Talk to Haris
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- Call or text416-873-4676
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- Office17 Duffy Place, Suite 200, St. John's
Keller Williams Platinum Realty