For sale · MLS® 1305113
377 Main Road
Sheaves Cove, NL, A0N1T1
List price
$129,999
About this propertyMLS® 1305113
Welcome to 377 Main Road, Sheaves Cove - a beautifully updated and move-in-ready home offering comfort, convenience, and low-maintenance living. This charming property features 1 bedroom plus an office/bonus room and 1 full bathroom, making it an excellent option for those looking to downsize, first-time buyers, or those seeking an investment opportunity. The home has seen numerous updates throughout, including fresh paint, laminate flooring, interior and exterior doors, light fixtures, baseboards and baseboard heaters, smoke detectors, bathroom vanity, tub surround, countertop, and a deck (2026). The roof and siding were completed in 2024, providing added peace of mind for the next owner. With its cozy layout and modern updates, this home offers an affordable opportunity to enjoy comfortable living in a quiet coastal community. This charming home offers an affordable opportunity for buyers seeking a low-maintenance property with modern updates. (id:56688)
Specifications
Property details
Overview
The home
Systems & utilities
Size & land
Taxes
Parking & outdoor
Features
Fees & source
Room by room
Rooms
| Main level | Bath (# pieces 1-6) Office Bedroom Living room Eat in kitchen | 7'11"" x 6'4"" 8' x 7'8"" 8' x 14'2"" 12'6"" x 10'10"" 16'4"" x 10'10"" |
The neighbourhood
Sheaves Cove at a glance
Live market stats for Sheaves Cove — what's for sale, what it costs, how it compares to nearby towns, and how walkable this address is.
Homes for sale here
3
Median list price
$169k
Price range
$130k – $349k
Typical build
2006
Average size
1,105 sqft
Where Sheaves Cove listings are priced
Every active list price in Sheaves Cove, grouped into bands.
List price, thousands of $ · 3 homes
View as table
| Price band ($) | Listings |
|---|---|
| <200 | 2 |
| 300–400 | 1 |
How Sheaves Cove compares
Median list price against the next biggest markets — click a row for that area guide.
Sheaves Covenearby markets
Neighbourhood scores
Walk, bike, and transit for this exact address.
The essentials
Location, air, flood & taxes
Elevation
65 m
0300 mmetres above sea level
Air quality now
1–3 band
110+AQHI 1 · Low risk · Corner Brook · updated 8:00 p.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).
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
$116/mo
Est. winter heating (electricity) — about $349 for January through March.
Estimate — not an appraisal. electricity at 15.587¢/kWh (Newfoundland Power, eff. Jul 1 2026, pre-HST). 537 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: $45,579
Closing costs + five years of running costs + 60 mortgage payments on a $129,999 home.
If rates rise 2 points
$7,427 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$618
- Legal feesest.estimate — your lawyer quotes the exact figure$1,500
- Down payment (20%)$26,000
Every year
- Heatingest.2× the Jan–Mar estimate (heating season ≈ 6 months)$698
- Home insuranceest.estimate — NL range $700–$1,500/yr$1,100
× 5 years = $8,990
By down payment
| Down | Payment | 5-yr all-in | Note |
|---|---|---|---|
| 5% | $682 | $52,043 | needs mortgage insurance (not modelled) |
| 10% | $646 | $49,888 | needs mortgage insurance (not modelled) |
| 20% | $575 | $45,579 | no mortgage insurance |
Estimates — not a quote or an appraisal. Mortgage at 4.44% (best market 5-yr fixed, Ratehub.ca, 2026-11-03), 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.
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 rate2026-11-03 · 4.44%$575/mo
- Today, posted2026-10-28 · 6.19%$682/mo
- 5 years ago2021-11-03 · 4.79%$595/mo
- 10 years ago2016-11-02 · 4.64%$586/mo
At 6.19% — five years ago — the same mortgage would have cost $108 more each month than at today's posted rate.
Principal & interest only: $103,999 (80% of the $129,999 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
$523/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
$0/mo
Principal & interest $0 per month
Financing breakdown
Rental math
Investment calculator
Monthly cash flow
$-163
NOI / month
$-163
Cap rate
-1.50%
Gross yield
0.00%
| Line item | Monthly | Yearly |
|---|---|---|
| Gross rent | $0 | $0 |
| Mortgage | $0 | $0 |
| Property tax | $0 | $0 |
| Expenses | $163 | $1,956 |
| Vacancy | $0 | $0 |
| Management | $0 | $0 |
| Cash flow | $-163 | $-1,956 |
| NOI | $-163 | $-1,956 |
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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