29-31 Southern Cove Road
Heart's Content, NL, A0B1Z0
List price
$89,900
About this propertyMLS® 1305275
Beautiful views across Heart’s Content Harbour and access to the water make 29–31 Southern Cove Road a standout property. This approximately 0.68-acre lot features a spacious cleared area overlooking the harbour, with views of the town across the water and the wooded hills beyond. Whether you’re dreaming of a year-round home or a weekend getaway, it’s easy to picture a deck positioned to take in the view and the shoreline just below. Any development is subject to the necessary approvals.
Property details
More details
Overview
The home
Systems & utilities
Parking & outdoor
Features
Fees & source
Rooms
Heart's Content at a glance
Live market stats for Heart's Content: what's for sale, what it costs, how it compares to nearby towns, and how walkable this address is.
Homes for sale here
9
Median list price
$140k
Price range
$25k – $369k
Typical build
1970
Average size
1,694 sqft
Where Heart's Content listings are priced
Every active list price in Heart's Content, grouped into bands.
List price, thousands of $ · 9 homes
View as table
| Price band ($) | Listings |
|---|---|
| <200 | 7 |
| 200–300 | 1 |
| 300–400 | 1 |
How Heart's Content compares
Median list price against the next biggest markets. Click a row for that area guide.
Heart's Contentnearby markets
Neighbourhood scores
Walk, bike, and transit scores for this exact address.
Location, air, flood & taxes
Elevation
0 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: $40,414
Closing costs + five years of running costs + 60 mortgage payments on a $89,900 home.
If rates rise 2 points
$5,234 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$458
- Legal feesest.estimate, your lawyer quotes the exact figure$1,500
- Down payment (20%)$17,980
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% | $491 | $45,068 | needs mortgage insurance (not modelled) |
| 10% | $465 | $43,517 | needs mortgage insurance (not modelled) |
| 20% | $414 | $40,414 | 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%$414/mo
- Today, posted2026-11-04 · 6.19%$472/mo
- 5 years ago2021-11-03 · 4.79%$412/mo
- 10 years ago2016-11-02 · 4.64%$405/mo
At 6.19%, five years ago, the same mortgage would have cost $58 more each month than at today's posted rate.
Principal & interest only: $71,920 (80% of the $89,900 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 2026-11-04. 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
$379/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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| Gross rent | $0 | $0 |
| Mortgage | $0 | $0 |
| Property tax | $0 | $0 |
| Expenses | $0 | $0 |
| Vacancy | $0 | $0 |
| Management | $0 | $0 |
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| NOI | $0 | $0 |
Flip rule of thumb: buy at ≤ 70% of ARV minus repair costs.
Have a question?
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Talk to Haris
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- Office17 Duffy Place, Suite 200, St. John's
Keller Williams Platinum Realty