8 Camrose Drive
Paradise, NL, A1B3L5
5 Beds | 5 Baths
$399,900
About the property (MLS: 1275423):
This home offers so much potential for a large or growing family! Having ample space inside and out with 5 bedrooms, a large family room, living room and dining room on the main floor; recreation room and workshop located on the lower level, with the added bonus of a convenient in-law suite for extended family or guests. This home is located in Paradise in a mature neighborhood, just minutes away from the city, restaurants and shopping. Step outside to enjoy the expansive backyard, perfect for outdoor entertaining or simply relaxing in the sunshine. The sprawling lot offers endless possibilities. This home offers hardwood floors, a large kitchen, dining, living and family room on the main floor. Upstairs your primary bedroom has a full ensuite with massive walk-in closet. The attached garage has entry to the main floor. The suite is not registered but the area is zoned for two apartment homes and can easily be converted fully. The roof was fully replaced in 2023. The home is being sold as is, a home inspection will be for purchaser's information only. (id:56688)
Property Details
Listing ID: 27226812
Address: 8 Camrose Drive, Paradise, Newfoundland & Labrador, Canada A1B3L5
Status: Active
Last updated: 3 days ago ( Sep 4, 2024 )
Year Built: 1977
Property Type: Single Family
Architectural Style: 2 Level
Structure Type: House
Ownership Type: Freehold
Number of stories: 2
Number of Levels: 2
Beds: 5
Baths: 5
1/2 Baths: 2
Heating: Oil
Sewer: Municipal sewage system
Flooring: Hardwood, Laminate, Ceramic Tile
Living Area Total: 3,975 square feet
Price per sq ft: $101
Tax Annual Amount: $2,397
Garage? Yes
Attached Garage? Yes
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Refrigerator, Dishwasher, Stove
Water Source: Municipal water
Foundation Details: Concrete
Heating: Oil
Flooring: Hardwood, Laminate, Ceramic Tile
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 28
Rurl
Coordinates: [47.543253, -52.879427]
Rooms
| Lower level | Not known Not known Bath (# pieces 1-6) Bath (# pieces 1-6) Utility room Recreation room | 13 x 17 null 9 x 10 null B5 null B4 null 18 x 35 null 17 x 24 null |
| Second level | Bath (# pieces 1-6) Bedroom Bedroom Bedroom Ensuite Primary Bedroom | B3 null 8.2 x 11.5 null 11 x 15.3 null 9.5 x 11.2 null B2 null 11 x 16.1 null |
| Main level | Bath (# pieces 1-6) Family room Living room Dining room Kitchen | B1 null 15.5 x 18.4 null 11.2 x 15 null 15 x 19 null 14.8 x 15.1 null |
Basic Calculator
First Mortgage: $319,920
Mortgage insurance premium: $0
Total Financing: $319,920
Rough closing fee (1.5%): ~ $5,999
Total downpayment with estimated closing fee: $85,979
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $4,373 | $52,476 |
| Gross rental income (income/principal ratio) | 1.094% | 13.122% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $500 | $6,000 |
| Vacancy | $219 | $2,624 |
| Management Fee | $350 | $4,199 |
| Expense / Income Ratio | 11.43% | 11.43% |
| Cash Flow | $3,305 | $39,660 |
| Net Operating Income (NOI) | $3,305 | $39,660 |
| Capitalization Rate | 0.83% | 9.92% |
