The community of Parker's Cove is located on the Burin Peninsula in the province of Newfoundland and Labrador. It is located 40 km north of Marystown and 104 km from the Trans Canada Highway (TCH). Parker's Cove is located in a small inlet of Placentia Bay near the communities of Boat Harbour and Brookside. These communities along with Baine Harbour and Rushoon are all located within 10kms of each other by paved road.
The current population of Parker's Cove is 310, living in 120 households. Many of the residents are experienced and skilled workers who find employment in Marystown, Long Harbour or in the Alberta oil industry.