7 Center Island Road
Fogo Island, NL, A0G2X0
List price
$289,000
About this propertyMLS® 1305273
7 Center Island Road is a Fogo Island property with more ways to use it than most. The main house has three bedrooms. Downstairs there's a two-bedroom basement apartment plus a separate bed-sitting room. There's also a commercial space you could rent out. That's a home, rental income and business potential, all on one oversized lot. Two additional lots come with the property: one roughly 80 x 150 (crown grant), and one 100 x 300, level, and currently used to park camper trailers in the off season. Day-to-day life is easy here, close to the school, hospital, arena and shopping. You're just 5 km from Fogo Island Inn and 6 km from one of the corners of the Flat Earth, two of the island's best-known spots. CBS's 60 Minutes once called Fogo Island a remote jewel off the coast of Canada, and once you visit, you'll see why. Rugged coastline, quiet trails, and a community that makes you feel like part of it right away. Full-time home, rental property, or a place to slow down and reconnect with nature, this one checks a lot of boxes. If you've been looking for a property with real flexibility on Fogo Island, this is worth a closer look. This is an ideal investment property.
Property details
More details
Overview
The home
Systems & utilities
Size & land
Taxes
Features
Fees & source
Rooms
How this works
Not an architectural plan: each rectangle's width and height are proportional to the listed room dimensions at one shared scale; room positions are not the real layout. Hover or focus a room for its exact size.
3 rooms are grey + dashed at the average size because the listing gives no dimensions. Never compare their size to a coloured room.
Furniture scenes are drawn to the same scale to show what fits: a bed sized to the room (king/queen/double/single) with nightstands and a dresser, bathtub→shower→toilet+vanity by space, sofa + coffee table + armchairs, counter + island, dining set… centred as a group. Placement is illustrative, not the real arrangement.
View rooms as table
| Main level | Not known Bath (# pieces 1-6) Other Foyer Living room Eat in kitchen | 18x13 · 234 sqft 4 piece 18 x 13 · 234 sqft 13.6 x 7.2 · 98 sqft 19.2 x 13.3 · 255 sqft 11.8 x 22.7 · 268 sqft |
| Basement | Bath (# pieces 1-6) Foyer Not known Not known Not known | 4 Piece 7.5 x 14 · 105 sqft 8.4 x 10.9 · 92 sqft 8.4 x 10.6 · 89 sqft 9.8 x 15.7 · 154 sqft |
| Second level | Bath (# pieces 1-6) Primary Bedroom Bedroom Bedroom | 4 piece 11.4 x 14.4 · 164 sqft 10.5 x 10.2 · 107 sqft 11 x 15 · 165 sqft |
Fogo Island at a glance
Live market stats for Fogo Island: what's for sale, what it costs, how it compares to nearby towns, and how walkable this address is.
Homes for sale here
17
Median list price
$180k
Price range
$25k – $450k
Typical build
1934
Average size
1,621 sqft
Where Fogo Island listings are priced
Every active list price in Fogo Island, grouped into bands.
List price, thousands of $ · 17 homes
View as table
| Price band ($) | Listings |
|---|---|
| <200 | 10 |
| 200–300 | 5 |
| 300–400 | 1 |
| 400–500 | 1 |
How Fogo Island compares
Median list price against the next biggest markets. Click a row for that area guide.
Neighbourhood scores
Walk, bike, and transit scores for this exact address.
Location, air, flood & taxes
Elevation
24 m
0300 mmetres above sea level
Flood, zoning & air quality are mapped for St. John's only
Property tax
$1,250 / year
≈ $104 / month
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: $104,770
Closing costs + five years of running costs + 60 mortgage payments on a $289,000 home.
If rates rise 2 points
$16,827 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$1,254
- Legal feesest.estimate, your lawyer quotes the exact figure$1,500
- Down payment (20%)$57,800
Every year
- Heatingest.2× the Jan–Mar estimate (heating season ≈ 6 months)$2,092
- Property taxfrom the feed$1,250
- Home insuranceest.estimate, NL range $700–$1,500/yr$1,100
× 5 years = $22,210
By down payment
| Down | Payment | 5-yr all-in | Note |
|---|---|---|---|
| 5% | $1,580 | $119,734 | needs mortgage insurance (not modelled) |
| 10% | $1,496 | $114,746 | needs mortgage insurance (not modelled) |
| 20% | $1,330 | $104,770 | 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. 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.
Price ghosts
$/sqft vs 12 active
Priced at the 67th percentile of active Fogo Island homes
$180/sqft, city median $141/sqft.
Winter warmer
Jan–Mar · estimate
$349/mo
Est. winter heating (electricity): about $1,046 for January through March.
Estimate, not an appraisal. electricity at 15.587¢/kWh (Newfoundland Power, eff. Jul 1 2026, pre-HST). 1,607 sqft. Climate severity defaults to the St. John's normal (no station nearby). Jan–Mar only; excludes HST, hot water, cooking and any cooling.
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%$1,330/mo
- Today, posted2026-11-04 · 6.19%$1,517/mo
- 5 years ago2021-11-03 · 4.79%$1,323/mo
- 10 years ago2016-11-02 · 4.64%$1,304/mo
At 6.19%, five years ago, the same mortgage would have cost $186 more each month than at today's posted rate.
Principal & interest only: $231,200 (80% of the $289,000 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
$1,323/mo
Calculators
Estimate payments and returns before you make an offer, all in one place.
Mortgage & investment calculator
Estimated monthly payment
$105/mo
Principal & interest $0 + property tax $105 per month
Financing breakdown
Investment calculator
Monthly cash flow
$-361
NOI / month
$-361
Cap rate
-1.50%
Gross yield
0.00%
| Line item | Monthly | Yearly |
|---|---|---|
| Gross rent | $0 | $0 |
| Mortgage | $0 | $0 |
| Property tax | $105 | $1,250 |
| Expenses | $257 | $3,084 |
| Vacancy | $0 | $0 |
| Management | $0 | $0 |
| Cash flow | $-361 | $-4,332 |
| NOI | $-361 | $-4,332 |
Flip rule of thumb: buy at ≤ 70% of ARV minus repair costs.
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Keller Williams Platinum Realty