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 draws visitors throughout the summer, particularly during capelin season when the small fish roll onto the rocky shore nearby. The site also serves as the venue for the Portugal Cove–St.

Philip's annual Regatta, a tradition dating back to the 1870s.