St. Phillip's Harbour boat ramp sits where the Broad Cove River meets the St. Philip's Beach and Marina, forming a calm reservoir well suited for launching recreational watercraft.

The marina, once a working fishery facility, now serves primarily leisure boaters, divers, and diver-training groups. The surrounding area is a popular destination during capelin season in mid-summer, and the Town of Portugal Cove–St.

Philip's has hosted an annual regatta here since the 1870s. The rocky shoreline typical of Newfoundland beaches borders the launch site, and the sheltered water makes conditions generally manageable for small boats.