For sale · MLS® 1305008
45 Beaver Road
George's Lake, NL, A2H0C9
List price
$199,000
About this propertyMLS® 1305008
Location, land and opportunity! Situated on 1.14 acres in the desirable George’s Lake area, this four season cottage style home offers a rare opportunity along sought after Beaver Pond Road. Surrounded by mature trees, the property offers privacy, beautiful lake views and plenty of potential. The real value is in the land and location, with an existing cottage as an added bonus! The cottage features two good sized bedrooms, a spacious living room with wood stove, kitchen and dining area. Natural wood finishes, built in cabinetry and a vaulted ceiling in one bedroom add character. A spiral staircase leads to a large lower level workshop with double doors providing backyard access. A highlight is the enclosed sunroom with panoramic views of George’s Lake and the surrounding hills. A wonderful place to relax and enjoy the scenery! The 1.14 acre lot offers excellent potential. The lower portion toward the water is relatively flat with a gentle slope and has been largely cleared. The owners had plans to build a new cottage closer to the water, offering possibilities for a future build, subject to approvals. One neighbouring cottage is not visible from the property, while the opposite side includes a firebreak and land understood to remain undeveloped. The existing cottage is livable but requires repairs and updating. Additional siding is included for future exterior improvements. The value is primarily in the land and desirable location, with a cottage to enjoy while planning your next steps. With winter approaching, George’s Lake is a favourite for snowmobiling enthusiasts! Enjoy the winter recreation and return to the warmth of the wood stove. Whether seeking a getaway, renovation project or future building location, this property offers an opportunity to enjoy the George’s Lake lifestyle! This version is condensed to fit within the 2,000 character MLS limit, while retaining the key selling features and being clear about the cottage’s condition. (id:56688)
Specifications
Property details
Overview
The home
Systems & utilities
Size & land
Taxes
Parking & outdoor
Features
Fees & source
Room by room
Rooms
View rooms as table
| Main level | Living room Dining room Kitchen Bath (# pieces 1-6) Bedroom Bedroom Not known | 19x9 · 171 sqft 9.1x10 · 91 sqft 9x7.5 · 68 sqft 8x5 · 40 sqft 9x10 · 90 sqft 9.5x10 · 95 sqft 8x14.1 · 113 sqft |
| Lower level | Workshop | 17x26 · 442 sqft |
The neighbourhood
George's Lake at a glance
Live market stats for George's Lake — what's for sale, what it costs, how it compares to nearby towns, and how walkable this address is.
Homes for sale here
2
Median list price
$214k
Price range
$199k – $229k
Typical build
1996
Average size
1,009 sqft
Where George's Lake listings are priced
Every active list price in George's Lake, grouped into bands.
List price, thousands of $ · 2 homes
View as table
| Price band ($) | Listings |
|---|---|
| <200 | 1 |
| 200–300 | 1 |
How George's Lake compares
Median list price against the next biggest markets — click a row for that area guide.
George's Lakenearby markets
Neighbourhood scores
Walk, bike, and transit for this exact address.
The essentials
Location, air, flood & taxes
Elevation
170 m
0300 mmetres above sea level
Air quality now
1–3 band
110+AQHI 1 · Low risk · Corner Brook · updated 5:00 p.m.
Flood & zoning are mapped for St. John's only
Property tax
$550 / year
≈ $46 / month · assessment year 2026
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).
Cost & context
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.
Winter warmer
Jan–Mar · estimate
$281/mo
Est. winter heating (Wood (priced at the electricity rate)) — about $844 for January through March.
Estimate — not an appraisal. Wood (priced at the electricity rate) at 15.587¢/kWh (Newfoundland Power, eff. Jul 1 2026, pre-HST). 1,297 sqft. Climate severity defaults to the St. John's normal (no station nearby). Jan–Mar only; excludes HST, hot water, cooking and any cooling.
5-year cost of ownership
20% down · 25-yr
5-year all-in: $71,852
Closing costs + five years of running costs + 60 mortgage payments on a $199,000 home.
If rates rise 2 points
$11,370 more over five years if the rate is 6.44% instead of 4.44% — P&I only.
Once, at closing
- Land transfer (registration) fee$100 + $0.40 per $100 over $500, capped at $5,000$894
- Legal feesest.estimate — your lawyer quotes the exact figure$1,500
- Down payment (20%)$39,800
Every year
- Heatingest.2× the Jan–Mar estimate (heating season ≈ 6 months)$1,688
- Property taxfrom the feed$550
- Home insuranceest.estimate — NL range $700–$1,500/yr$1,100
× 5 years = $16,690
By down payment
| Down | Payment | 5-yr all-in | Note |
|---|---|---|---|
| 5% | $1,044 | $81,746 | needs mortgage insurance (not modelled) |
| 10% | $989 | $78,448 | needs mortgage insurance (not modelled) |
| 20% | $879 | $71,852 | no mortgage insurance |
Estimates — not a quote or an appraisal. Mortgage at 4.44% (best market 5-yr fixed, Ratehub.ca, 2026-11-02), 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.
Rate time machine
same house · same down payment
Same house, same down payment — your payment today at 4.44%best market rate · posted was 6.19%
- Today, best market rate2026-11-02 · 4.44%$879/mo
- Today, posted2026-10-28 · 6.19%$1,044/mo
- 5 years ago2021-11-03 · 4.79%$911/mo
- 10 years ago2016-11-02 · 4.64%$898/mo
At 6.19% — five years ago — the same mortgage would have cost $165 more each month than at today's posted rate.
Principal & interest only: $159,200 (80% of the $199,000 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 2026-10-28. 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
$847/mo
Plan ahead
Calculators
Estimate payments and returns before you make an offer — all in one place.
Plan ahead
Mortgage & investment calculator
Estimated monthly payment
$46/mo
Principal & interest $0 + property tax $46 per month
Financing breakdown
Rental math
Investment calculator
Monthly cash flow
$-248
NOI / month
$-248
Cap rate
-1.50%
Gross yield
0.00%
| Line item | Monthly | Yearly |
|---|---|---|
| Gross rent | $0 | $0 |
| Mortgage | $0 | $0 |
| Property tax | $46 | $550 |
| Expenses | $203 | $2,436 |
| Vacancy | $0 | $0 |
| Management | $0 | $0 |
| Cash flow | $-248 | $-2,976 |
| NOI | $-248 | $-2,976 |
Flip rule of thumb: buy at ≤ 70% of ARV minus repair costs.
Get in touch
Have a question?
Send a message and Haris will get back to you — usually the same day.
Talk to Haris
A real person, every time
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
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