Lot 50 Oceanview Drive
Norman's Cove-Long Cove, NL, A0B2T0
List price
$59,000
About this propertyMLS® 1305067
Discover the most beautiful setting for your future dream home at The TIDES. The TIDES at Murphy's Cove is perched on the edge of Norman's Cove-Long Cove. This up and coming oceanfront subdivison provides scenery of Newfoundland’s most breathtaking shows — from drifting icebergs and breaching whales to vibrant sunrises over the water. Just one hour West of the Capital city, The TIDES offers spacious lots surrounded by natural beauty with the convenience of shopping, a fire station, a clinic and a marina nearby. It is the perfect blend of rugged East Coast beauty and serene privacy. This spectacular almost 1-acre lot backs on to a beautiful rolling river that leads to the ocean. There is ample room to position your custom build for maximum river views while maintaining space for a detached garage, gardens, or a private fire pit area. The land is untouched by design - making it an ideal canvas for your vision. Whether you’re working from home and craving a calm, inspiring setting, dreaming of a weekend cottage retreat, or planning a relaxed and meaningful retirement, this property adapts to the life you want to live. It’s a place to slow down, breathe deeply, and invest in a lifestyle—not just land. Opportunities like this don’t come often!
Property details
More details
Overview
The home
Systems & utilities
Parking & outdoor
Features
Fees & source
Rooms
Norman's Cove-Long Cove at a glance
Live market stats for Norman's Cove-Long Cove: what's for sale, what it costs, how it compares to nearby towns, and how walkable this address is.
Homes for sale here
6
Median list price
$64k
Price range
$59k – $89k
Where Norman's Cove-Long Cove listings are priced
Every active list price in Norman's Cove-Long Cove, grouped into bands.
List price, thousands of $ · 6 homes
View as table
| Price band ($) | Listings |
|---|---|
| <200 | 6 |
How Norman's Cove-Long Cove compares
Median list price against the next biggest markets. Click a row for that area guide.
Norman's Cove-Long Covenearby markets
Neighbourhood scores
Walk, bike, and transit scores for this exact address.
Location, air, flood & taxes
Elevation
14 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
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: $31,757
Closing costs + five years of running costs + 60 mortgage payments on a $59,000 home.
If rates rise 2 points
$3,435 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$334
- Legal feesest.estimate, your lawyer quotes the exact figure$1,500
- Down payment (20%)$11,800
Every year
- Heatingest.2× the Jan–Mar estimate (heating season ≈ 6 months)$1,626
- Home insuranceest.estimate, NL range $700–$1,500/yr$1,100
× 5 years = $13,630
By down payment
| Down | Payment | 5-yr all-in | Note |
|---|---|---|---|
| 5% | $322 | $34,812 | needs mortgage insurance (not modelled) |
| 10% | $305 | $33,793 | needs mortgage insurance (not modelled) |
| 20% | $272 | $31,757 | 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. No property tax on record; that line is omitted. 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%$272/mo
- Today, posted2026-11-04 · 6.19%$310/mo
- 5 years ago2021-11-03 · 4.79%$270/mo
- 10 years ago2016-11-02 · 4.64%$266/mo
At 6.19%, five years ago, the same mortgage would have cost $38 more each month than at today's posted rate.
Principal & interest only: $47,200 (80% of the $59,000 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 2026-11-04. 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
$249/mo
Calculators
Estimate payments and returns before you make an offer, all in one place.
Mortgage & investment calculator
Estimated monthly payment
$0/mo
Principal & interest $0 per month
Financing breakdown
Investment calculator
Monthly cash flow
$0
NOI / month
$0
Cap rate
0.00%
Gross yield
0.00%
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| Mortgage | $0 | $0 |
| Property tax | $0 | $0 |
| Expenses | $0 | $0 |
| Vacancy | $0 | $0 |
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| NOI | $0 | $0 |
Flip rule of thumb: buy at ≤ 70% of ARV minus repair costs.
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Talk to Haris
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Keller Williams Platinum Realty