About the property (MLS: 1272906):
Introducing this exceptional and meticulously cared for two-story family home, showcasing a 3-bedroom primary unit, an in-law suite, and an attached garage, situated in the highly sought-after Valley Ridge Subdivision of Paradise. The main level of the primary unit boasts a spacious foyer opening to a formal living room with tray ceilings and a fireplace, an open-concept eat-in kitchen equipped with a mini-split, and a walk-in pantry that also serves as a laundry area. Upstairs, the primary bedroom impresses with a vaulted ceiling, walk-in closet, and luxurious en-suite with a Jacuzzi tub, along with two other good-sized bedrooms. A recent addition of a south-facing, private sunroom at the back, featuring a wall heater and in-floor heating, artistically custom-built to enhance the home's appeal. Nestled against a lush green belt, the fenced rear yard provides an idyllic setting for enjoying the sunroom in perfect privacy. The basement features an in-law suite complete with a bedroom, en-suite bathroom, kitchenette, and separate laundry, all accessible through its own designated entrance. Situated in proximity to Octagon Pond and Neil’s Pond walking trails, the Paradise Community Centre, and a double ice rink, and mere steps from Sobeys, a shopping center, and a pharmacy, this home provides unmatched convenience. Striking a perfect balance between privacy and convenience, this home stands out as the ultimate value proposition in today's Paradise market. (id:56688)
Property Details
Listing ID: 26969905
Address: 18 Kinkora Street, Paradise, Newfoundland & Labrador, Canada a1l1x9
Status: Active
Last updated: 2 years ago ( May 31, 2024 )
Year Built: 2003
Property Type: Single Family
Structure Type: House
Ownership Type: Freehold
Number of stories: 1
Number of Levels: 1
Beds: 3
Baths: 4
1/2 Baths: 1
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Mixed Flooring
Living Area Total: 2,373 square feet
Price per sq ft: $177
Tax Annual Amount: $2,625
Garage? Yes
Attached Garage? Yes
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Whirlpool
Water Source: Municipal water
Foundation Details: Concrete
Heating: Baseboard heaters, Electric
Flooring: Mixed Flooring
Exterior Features: Vinyl siding
Cooling: Air exchanger
Common Interest: Freehold
Number of photos available: 24
Rurl
Coordinates: [47.52551, -52.867618]
Rooms
| Second level | Ensuite Bath (# pieces 1-6) Primary Bedroom Bedroom Bedroom | B4 feet B4 feet 14x12 feet 10x9 feet 10x10 feet |
| Main level | Bath (# pieces 1-6) Not known Not known Porch Not known Living room | B2 feet 12x17 feet 5.8x8.10 feet 9x6 feet 21x10 feet 16x14 feet |
| Basement | Bath (# pieces 1-6) Recreation room Not known | B4 feet 20x11 feet Kitchenette feet |
Basic Calculator
First Mortgage: $335,920
Mortgage insurance premium: $0
Total Financing: $335,920
Rough closing fee (1.5%): ~ $6,299
Total downpayment with estimated closing fee: $90,279
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,611 | $31,332 |
| Gross rental income (income/principal ratio) | 0.622% | 7.462% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $525 | $6,300 |
| Vacancy | $131 | $1,567 |
| Management Fee | $209 | $2,507 |
| Expense / Income Ratio | 20.11% | 20.11% |
| Cash Flow | $1,747 | $20,964 |
| Net Operating Income (NOI) | $1,747 | $20,964 |
| Capitalization Rate | 0.42% | 4.99% |


























