For sale · MLS® 1304973
38 Spruce Grove Road
Parson's Pond, NL, A0K3Z0
List price
$20,000
About this propertyMLS® 1304973
This beautiful parcel of land offers a rare opportunity to build in a peaceful natural setting, backing directly onto a scenic pond. This wooded property provides a private and tranquil backdrop, with calming water views and natural surroundings that create an ideal environment for a future home or a recreational retreat. With direct pond frontage, the lot allows for easy enjoyment of outdoor activities such as kayaking, canoeing, wildlife watching or simply relaxing by the water. Located in a town that is soon to be a part of the Great Northern Trail, a property such as this is a rare find and a great future investment. Call to book your viewing today! (id:56688)
Specifications
Property details
Overview
The home
Systems & utilities
Size & land
Taxes
Parking & outdoor
Features
Fees & source
Room by room
Rooms
The neighbourhood
Parson's Pond at a glance
Live market stats for Parson's Pond — what's for sale, what it costs, how it compares to nearby towns, and how walkable this address is.
Homes for sale here
1
Median list price
$20k
Price range
$20k – $20k
Where Parson's Pond listings are priced
Every active list price in Parson's Pond, grouped into bands.
List price, thousands of $ · 1 homes
View as table
| Price band ($) | Listings |
|---|---|
| <200 | 1 |
How Parson's Pond compares
Median list price against the next biggest markets — click a row for that area guide.
Parson's Pondnearby markets
Neighbourhood scores
Walk, bike, and transit for this exact address.
The essentials
Location, air, flood & taxes
Elevation
6 m
0300 mmetres above sea level
Flood, zoning & air quality are mapped for St. John's only
Property tax
$350 / year
≈ $29 / month
Climate
Feb -4° · Aug 19°
normal daily high · COW HEAD station · 1981–2010
Amenity constellation
compass view · OpenStreetMap · ODEF schools
Nearby & drive routes
2 places shown · OpenStreetMap · OSRM
Schools 1
Parks 1
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.
5-year cost of ownership
20% down · 25-yr
5-year all-in: $23,321
Closing costs + five years of running costs + 60 mortgage payments on a $20,000 home.
If rates rise 2 points
$1,143 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$178
- Legal feesest.estimate — your lawyer quotes the exact figure$1,500
- Down payment (20%)$4,000
Every year
- Heatingest.2× the Jan–Mar estimate (heating season ≈ 6 months)$1,818
- Property taxfrom the feed$350
- Home insuranceest.estimate — NL range $700–$1,500/yr$1,100
× 5 years = $16,340
By down payment
| Down | Payment | 5-yr all-in | Note |
|---|---|---|---|
| 5% | $105 | $24,316 | needs mortgage insurance (not modelled) |
| 10% | $99 | $23,984 | needs mortgage insurance (not modelled) |
| 20% | $88 | $23,321 | 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%$88/mo
- Today, posted2026-10-28 · 6.19%$105/mo
- 5 years ago2021-11-03 · 4.79%$92/mo
- 10 years ago2016-11-02 · 4.64%$90/mo
At 6.19% — five years ago — the same mortgage would have cost $17 more each month than at today's posted rate.
Principal & interest only: $16,000 (80% of the $20,000 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.
Errand score
walk-time weighted
15
school 680 m
Nearest errand: Park (park) — 400 m, about 5 min on foot.
Walk-time-weighted from OpenStreetMap + ODEF school data; straight-line distance at 4.8 km/h. Weights: grocery 1.0, school 0.9, health 0.8, park 0.4, café 0.35, bus 0.3 — nearest place per category only. Half-value every 6 minutes of walking; nothing scores past a 15-minute walk. 100 = every category at the door. This is a mapping of what's drawn on the map, not a survey of what exists.
Ask this listing
open data · 3 questions
- School within 1 km?Yes · 680 mSchool
- Grocery nearby?No grocery mapped within 1.5 km
- Bus stop?No bus stop mapped within 800 m
From OpenStreetMap + ODEF schools (straight-line distance) and the City of St. John's flood & zoning maps. Flood and zoning are mapped for St. John's only; elsewhere those questions don't appear because we don't know the answer.
Monthly carrying cost
$110/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
$30/mo
Principal & interest $0 + property tax $30 per month
Financing breakdown
Rental math
Investment calculator
Monthly cash flow
$-29
NOI / month
$-29
Cap rate
-1.74%
Gross yield
0.00%
| Line item | Monthly | Yearly |
|---|---|---|
| Gross rent | $0 | $0 |
| Mortgage | $0 | $0 |
| Property tax | $30 | $350 |
| Expenses | $0 | $0 |
| Vacancy | $0 | $0 |
| Management | $0 | $0 |
| Cash flow | $-29 | $-348 |
| NOI | $-29 | $-348 |
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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