About the property (MLS: 1259662):
Unique real estate opportunity awaits you. This residential/commercial property is Situated on 0.6 acres, the pristine oversized mature lot offers privacy in a park-like setting. You simply wont believe you're in the city as you relax in your private back yard .The grounds have been meticulously landscaped, manicured, creatively utilized and positioned for the amateur/professional gardener to enjoy the enormous varieties of well established fruit and ornamental trees, shrubs&perennial plants. lots of love has gone into the landscaping which is evident from the moment you step outside. Enjoy the custom outdoor fire pit, patio and walkway that leads to a well designed true kitchen garden complete with a variety of small fruit shrubs and raised vegetable beds. This spacious home, offers an open concept main floor complete with 4 bdrms, 2 bathrooms, large kitchen & living area. The living room/eating area features a 2 sided amazing floor to ceiling wood burning fireplace. Main bdrm offers a 5pc ensuite while the other bdrms have a peaceful feel as they overlook the garden. The lower level is fully developed with a 12x30 family room/wet bar/1/2 bathroom/1 bdrm/ laundry room/pantry/storage area&workshop. This home has been very well cared for and extensive renovations have been completed over the past 10 years including upgrades to the lower level, new roof, electrical & bathroom. Attention to detail is evident throughout there are privacy screens on the 2 bsmt windows, patio door, kitchen windows and front door. All other windows have a UV factory coating. Paved130x16ft driveway leads to a detached20x24 double garage with electrical and an 8x12 baby barn. Zoned R/M so the opportunity to establish your own home based business or choose from the many permitted and discretionary uses. Enjoy a healthy lifestyle ,hobby homesteading , walking around Octagon Pond trail & the many amenities including Sobeys, Paradise Plaza & the ORR. (id:56688)
Property Details
Listing ID: 25730388
Address: 1632 Topsail Road, Paradise, Newfoundland & Labrador, Canada A1L1T9
Status: Active
Last updated: 2 years ago ( May 15, 2024 )
Year Built: 1970
Property Type: Single Family
Structure Type: House
Ownership Type: Freehold
Number of stories: 1
Number of Levels: 1
Beds: 5
Baths: 3
1/2 Baths: 1
Heating: Electric
Sewer: Municipal sewage system
Flooring: Hardwood, Carpeted, Ceramic Tile
Living Area Total: 3,500 square feet
Price per sq ft: $100
Tax Annual Amount: $2,687
Tax Year: 2023
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Heating: Electric
Flooring: Hardwood, Carpeted, Ceramic Tile
Exterior Features: Other
Common Interest: Freehold
Number of photos available: 49
Rurl
Coordinates: [47.527642, -52.87489]
Rooms
| Basement | Storage Family room Recreation room Bath (# pieces 1-6) Bedroom | 12x11 feet 12x31 feet 12x30 feet 12x14 feet 15.5x10 feet |
| Main level | Living room/Fireplace Kitchen Dining room Bath (# pieces 1-6) Ensuite Bedroom Bedroom Bedroom Primary Bedroom | 13x17 feet 16x11 feet 13x13 feet 15x11 feet 11x10 feet 11x13 feet 9x8 feet 11x8 feet 17x11.4 feet |
Basic Calculator
First Mortgage: $279,920
Mortgage insurance premium: $0
Total Financing: $279,920
Rough closing fee (1.5%): ~ $5,249
Total downpayment with estimated closing fee: $75,229
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $3,851 | $46,212 |
| Gross rental income (income/principal ratio) | 1.101% | 13.207% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $438 | $5,256 |
| Vacancy | $193 | $2,311 |
| Management Fee | $309 | $3,697 |
| Expense / Income Ratio | 11.37% | 11.37% |
| Cash Flow | $2,913 | $34,956 |
| Net Operating Income (NOI) | $2,913 | $34,956 |
| Capitalization Rate | 0.83% | 9.99% |



















































