For sale · MLS® 1304479
3 Matthew Lane
Musgravetown, NL, A0C1Z0
List price
$275,000
About this propertyMLS® 1304479
Beautiful family home! Discover the charm and comfort of this inviting property, nestled in a peaceful setting surrounded by mature trees and beautiful greenery. Designed for effortless everyday living, the main level features a primary bedroom and dedicated laundry room. Upstairs, you will find 3 additional bedrooms and a full bathroom, offering plenty of space for family or guests. The property boasts spacious living areas, a functional kitchen, warm traditional finishes, and lots of storage throughout to keep your home organized. The generous outdoor space, Storage sheds both exterior and lower level single garage, maintained lawn, and convenient driveway add to its curb appeal, while nearby scenic water views enhance the tranquil surroundings. With its character, practical layout, and beautiful natural setting, this home offers a wonderful opportunity for comfortable family living or a relaxing retreat. Don't miss out on this beautiful property schedule your private viewing today! (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
| Second level | Bath (# pieces 1-6) Bedroom Bedroom Bedroom | 6.10 x 7.7 · 47 sqft 10.9 x 10.5 · 114 sqft 10.10 x 12.50 · 126 sqft 7.9 x 9.5 · 75 sqft |
| Main level | Bath (# pieces 1-6) Mud room Office Primary Bedroom Kitchen Porch Living room | 7.10 x 6.11 · 43 sqft 5.5 x 5.2 · 29 sqft 9 x 9.5 · 86 sqft 16.2 x 14.9 · 241 sqft 14 x 11 · 154 sqft 6.7 x 11.8 · 79 sqft 18 x 13.5 · 243 sqft |
The neighbourhood
Musgravetown at a glance
Live market stats for Musgravetown — what's for sale, what it costs, how it compares to nearby towns, and how walkable this address is.
Homes for sale here
5
Median list price
$275k
Price range
$60k – $500k
Typical build
1982
Average size
1,367 sqft
Where Musgravetown listings are priced
Every active list price in Musgravetown, grouped into bands.
List price, thousands of $ · 5 homes
View as table
| Price band ($) | Listings |
|---|---|
| <200 | 2 |
| 200–300 | 2 |
| 400–500 | 1 |
How Musgravetown compares
Median list price against the next biggest markets — click a row for that area guide.
Musgravetownnearby markets
Neighbourhood scores
Walk, bike, and transit for this exact address.
The essentials
Location, air, flood & taxes
Elevation
11 m
0300 mmetres above sea level
Air quality now
1–3 band
110+AQHI 2 · Low risk · St. John's · updated 2:00 p.m.
Flood & zoning are mapped for St. John's only
Property tax
$300 / year
≈ $25 / month
Climate
Jan -2° · Aug 22°
normal daily high · LETHBRIDGE station · 1981–2010
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
$121/mo
Est. winter heating (heat pump electricity) — about $364 for January through March.
Estimate — not an appraisal. heat pump electricity at 15.587¢/kWh (Newfoundland Power, eff. Jul 1 2026, pre-HST). 1,400 sqft. Severity 1.00× St. John's from the LETHBRIDGE 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: $86,259
Closing costs + five years of running costs + 60 mortgage payments on a $275,000 home.
If rates rise 2 points
$15,712 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$1,198
- Legal feesest.estimate — your lawyer quotes the exact figure$1,500
- Down payment (20%)$55,000
Every year
- Heatingest.2× the Jan–Mar estimate (heating season ≈ 6 months)$728
- Property taxfrom the feed$300
- Home insuranceest.estimate — NL range $700–$1,500/yr$1,100
× 5 years = $10,640
By down payment
| Down | Payment | 5-yr all-in | Note |
|---|---|---|---|
| 5% | $1,443 | $99,932 | needs mortgage insurance (not modelled) |
| 10% | $1,367 | $95,374 | needs mortgage insurance (not modelled) |
| 20% | $1,215 | $86,259 | no mortgage insurance |
Estimates — not a quote or an appraisal. Mortgage at 4.44% (best market 5-yr fixed, Ratehub.ca, 2026-11-05), 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 rate2026-11-05 · 4.44%$1,215/mo
- Today, posted2026-11-04 · 6.19%$1,443/mo
- 5 years ago2021-11-03 · 4.79%$1,259/mo
- 10 years ago2016-11-02 · 4.64%$1,240/mo
At 6.19% — five years ago — the same mortgage would have cost $228 more each month than at today's posted rate.
Principal & interest only: $220,000 (80% of the $275,000 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
$1,132/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
$25/mo
Principal & interest $0 + property tax $25 per month
Financing breakdown
Rental math
Investment calculator
Monthly cash flow
$-344
NOI / month
$-344
Cap rate
-1.50%
Gross yield
0.00%
| Line item | Monthly | Yearly |
|---|---|---|
| Gross rent | $0 | $0 |
| Mortgage | $0 | $0 |
| Property tax | $25 | $300 |
| Expenses | $319 | $3,828 |
| Vacancy | $0 | $0 |
| Management | $0 | $0 |
| Cash flow | $-344 | $-4,128 |
| NOI | $-344 | $-4,128 |
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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