For sale · MLS® 1305102
16 Terry Lane
St. John's, NL, A1H0P3
List price
$724,900
About this propertyMLS® 1305102
Welcome to this stunning two-storey property, built by Elliott Homes in Galway. From the paved driveway and landscaped front yard to the attached garage, this home makes a great first impression. Step inside to a bright main floor with 9' ceilings. Just off the entry is a office, perfect for working from home. At the back of the home, an open-concept living room, kitchen and dining area makes this the ideal space for everyday living and entertaining. The kitchen offers a large centre island and a walk-in pantry, and patio doors from the dining area lead out to the rear deck. A powder room and direct garage access complete this level. The second floor features three bedrooms, a full main bath and a laundry room right where you need it. The primary bedroom has a walk-in closet and a spacious ensuite with a double vanity, a soaker tub and a separate shower. Two mini splits keep the home comfortable and efficient all year round. The full basement has a separate rear entrance and is ready for future development, with room for a family room, a fourth bedroom, an office and a bath. All of this sits on a 42' x 156' lot with no rear neighbours. Don’t miss your chance to own a brand new home in one of St. John’s most desirable new communities! (id:56688)
Specifications
Property details
Overview
The home
Systems & utilities
Size & land
Taxes
Parking & outdoor
Features
Fees & source
Room by room
Rooms
| Second level | Bath (# pieces 1-6) Bedroom Bedroom Ensuite Primary Bedroom | 3PC 11.4' X 10' 11.4' X 10' 5PC 12.8' X 14.8' |
| Main level | Bath (# pieces 1-6) Office Living room Kitchen Dining nook | 2PC 8' X 9' 15.6' X 15.4' 15.6' X 13.4' 12.8' X 7' |
The neighbourhood
St. John's at a glance
Live market stats for St. John's — what's for sale, what it costs, how it compares to nearby towns, and how walkable this address is.
Homes for sale here
450
Median list price
$400k
Price range
$1.4k – $4.3M
Typical build
1975
Average size
3,658 sqft
Where St. John's listings are priced
Every active list price in St. John's, grouped into bands.
List price, thousands of $ · 380 homes
View as table
| Price band ($) | Listings |
|---|---|
| <200 | 40 |
| 200–300 | 53 |
| 300–400 | 102 |
| 400–500 | 56 |
| 500–750 | 63 |
| 750–1M | 31 |
| 1M+ | 35 |
How St. John's compares
Median list price against the next biggest markets — click a row for that area guide.
The essentials
Location, air, flood & taxes
Flood (100-yr)
outside the mapped floodplain
Zoning
38.52 ha parcel
Elevation
209 m
0300 mmetres above sea level
Air quality now
1–3 band
110+AQHI 2 · Low risk · St. John's · updated 8:00 p.m.
Property tax
$6,596 / year
≈ $550 / month
Climate
Feb -1° · Jul 21°
normal daily high · ST JOHN'S A station · 1981–2010
Amenity constellation
compass view · OpenStreetMap · ODEF schools
Nearby & drive routes
10 places shown · 3 routes · OpenStreetMap · OSRM
- 13 min to downtown St. John's13.9 km
- 16 min to Memorial University17.2 km
- 22 min to Avalon Mall24 km
Schools 3
Groceries 3
Cafés 3
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.
Winter warmer
Jan–Mar · estimate
$243/mo
Est. winter heating (heat pump electricity) — about $728 for January through March.
Estimate — not an appraisal. heat pump electricity at 15.587¢/kWh (Newfoundland Power, eff. Jul 1 2026, pre-HST). 2,796 sqft. Severity 1.00× St. John's from the ST JOHN'S A station 1981–2010 normal. Jan–Mar only; excludes HST, hot water, cooking and any cooling.
5-year cost of ownership
20% down · 25-yr
5-year all-in: $242,478
Closing costs + five years of running costs + 60 mortgage payments on a $724,900 home.
If rates rise 2 points
$41,417 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$2,998
- Legal feesest.estimate — your lawyer quotes the exact figure$1,500
- Down payment (20%)$144,980
Every year
- Heatingest.2× the Jan–Mar estimate (heating season ≈ 6 months)$1,456
- Property taxfrom the feed$6,596
- Home insuranceest.estimate — NL range $700–$1,500/yr$1,100
× 5 years = $45,760
By down payment
| Down | Payment | 5-yr all-in | Note |
|---|---|---|---|
| 5% | $3,804 | $278,519 | needs mortgage insurance (not modelled) |
| 10% | $3,604 | $266,505 | needs mortgage insurance (not modelled) |
| 20% | $3,204 | $242,478 | 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. 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%$3,204/mo
- Today, posted2026-10-28 · 6.19%$3,804/mo
- 5 years ago2021-11-03 · 4.79%$3,320/mo
- 10 years ago2016-11-02 · 4.64%$3,270/mo
At 6.19% — five years ago — the same mortgage would have cost $600 more each month than at today's posted rate.
Principal & interest only: $579,920 (80% of the $724,900 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 2026-10-28. 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.
Price ghosts
$/sqft vs 322 active
Priced at the 82nd percentile of active St. John's homes
$259/sqft — city median $191/sqft.
Errand score
walk-time weighted
18
grocery 1.0 km
Nearest errand: Galway Village Green (park) — 250 m, about 3 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 · 5 questions
- School within 1 km?No school mapped within 1 km
- Grocery nearby?Yes · 1.0 kmSobeys
- Bus stop?No bus stop mapped within 800 m
- In the 100-year floodplain?No — outside itCity of St. John's flood map
- Zoning?PMD1 — PMD138.52 ha parcel
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
$3,467/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
$550/mo
Principal & interest $0 + property tax $550 per month
Financing breakdown
Rental math
Investment calculator
Monthly cash flow
$-906
NOI / month
$-906
Cap rate
-1.50%
Gross yield
0.00%
| Line item | Monthly | Yearly |
|---|---|---|
| Gross rent | $0 | $0 |
| Mortgage | $0 | $0 |
| Property tax | $550 | $6,596 |
| Expenses | $357 | $4,284 |
| Vacancy | $0 | $0 |
| Management | $0 | $0 |
| Cash flow | $-906 | $-10,872 |
| NOI | $-906 | $-10,872 |
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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