40-44 Summit Drive
Paradise, NL, A1L2P4
4 Beds | 3 Baths
$650,000
About the property (MLS: 1275846):
Down from $899,900 to $675,000 as Owner is Motivated to Sell! Selling Way Below Appraisal Value! Nestled on One of the Most Private lots on Prestigious Summit Drive, this Custom Built 3260 Sq Ft home is Tucked Away among Mature Trees on a 1 & a 1/2 Acre lot. 3/4 of this Lot has been Developed with Another Level 3/4 acre to Develop, just Clear Away the Brush to Start your Build into the Abundance of Trees Beyond the Fence of the Manicured Backyard. Huge Potential for Additional Development such as a Detached Garage off the Paved Parking Pad & Built In Garage Entrance. Shingles Replaced July 2024, & Above Ground w/Walk Out Access. Boasting a Unique Layout for the Second Story & Main Floor, upon Entering this Charming Open Concept Designed Layout, the Main Floor has 1738 Square Feet of Living Space Showcasing Lots of Windows to Maximize the Natural Light Throughout, the Gourmet Kitchen has a 12 ft Island, There's a Spacious Eating Area, Formal Dining Area with Propane Fireplace & a Bonus Nook in Addition to the Family Room w/Double Sided Propane Fireplace. Here on the Main Floor you will also find a Laundry Room, Half Bath, Walk-In Pantry, and a Home Office with Access to the Built In Garage as well as a room that is Currently being used as a Gym, but was Built to form Part of the Garage should you Prefer to Easily Convert it back into a Double Garage. Upstairs is Completed with Three Large Bedrooms, a Full Bathroom and A Bonus Room that Connects behind 2 of the Bedrooms, this is an Ideal set up for a Play Room or Shared Living Space. The Fabulous Ensuite off the Primary Bedroom Features a Soaker Tub, Double Vanity, Sit Up Vanity/Make Up Area & Stand Up Shower & it is as Glamours as the Massive Walk In Closet which could possibly Make for Another Bedroom should you Desire. All this, with a Walking Trail to the School next door make for a Fabulous Family Home Conveniently located to All Amenities yet Private Enough to Feel as though you are a Living in Your Own Oasis. (id:56688)
Property Details
Listing ID: 27255016
Address: 40-44 Summit Drive, Paradise, Newfoundland & Labrador, Canada A1L2P4
Status: Active
Last updated: a month ago ( Dec 9, 2025 )
Year Built: 2000
Property Type: Single Family
Structure Type: House
Ownership Type: Freehold
Number of stories: 1
Number of Levels: 1
Beds: 4
Baths: 3
1/2 Baths: 1
Heating: Baseboard heaters, Electric, Propane
Sewer: Septic tank
Flooring: Hardwood, Laminate, Marble, Ceramic
Living Area Total: 3,260 square feet
Price per sq ft: $200
Tax Annual Amount: $3,996
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Washer, Refrigerator, Whirlpool, Dishwasher, Stove, Dryer
Water Source: Well
Foundation Details: Poured Concrete
Heating: Baseboard heaters, Electric, Propane
Flooring: Hardwood, Laminate, Marble, Ceramic
Fireplace Features: Insert, Propane
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 50
Rurl
Coordinates: [47.53504, -52.90054]
Rooms
| Second level | Bonus Room Other Bedroom Bedroom Bath (# pieces 1-6) Other Ensuite Primary Bedroom | 10.11x19.1 null 3.10x19.1 null 10.6x14.0 null 10.6x14.4 null 10.6x6.2 null 14.10x14.2 null 14.9x12.4 null 16.6x23.11 null |
| Main level | Office Pantry Bath (# pieces 1-6) Laundry room Bonus Room Living room/Fireplace Eating area Kitchen Dining room | 10.1x9.3 null 4.0x6.4 null 5.9x6.4 null 5.8x6.4 null 12.0x11.3 null 29.0x16.10 null 9.4x12.11 null 22.2x17.1 null 16.3x19.10 null |
Basic Calculator
First Mortgage: $520,000
Mortgage insurance premium: $0
Total Financing: $520,000
Rough closing fee (1.5%): ~ $9,750
Total downpayment with estimated closing fee: $139,750
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $3,587 | $43,044 |
| Gross rental income (income/principal ratio) | 0.552% | 6.622% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $813 | $9,756 |
| Vacancy | $180 | $2,153 |
| Management Fee | $287 | $3,444 |
| Expense / Income Ratio | 22.67% | 22.67% |
| Cash Flow | $2,308 | $27,696 |
| Net Operating Income (NOI) | $2,308 | $27,696 |
| Capitalization Rate | 0.36% | 4.26% |
