1 Octagon Heights Unit#102
Paradise, NL, A1L4K6
2 Beds | 3 Baths
$309,000
About the property (MLS: 1276514):
All you need in a home with maintenance-free living is right here! This pond-view modern condo is only 4 years old and shows pride of ownership. This is the first time this unit has been on the market, featuring ground-level entry on the main floor as well as in the developed basement for your convenience. The main level boasts an open-concept kitchen (which includes all appliances), a dining area, and a living room with patio access overlooking Octagon Pond. It also includes a primary bedroom with an ensuite and a large closet, a second bedroom, and main floor laundry (stackable washer and dryer included). The ground-level basement features a rec room, a walk-in storage pantry, a half bath with the rough-in for a full-size bathroom, and a bonus room that can serve as an office or bedroom (no window). There is a walk-through from bonus room to a large mudroom area, and all floors are insulated. There is assigned parking for one vehicle, plus shared guest parking spaces available. The condo fee of $401 per month covers snow clearing of the parking lot and all walkways (right up to your door), exterior maintenance, building insurance, and garbage removal. Each unit has its own private entrance, and the walls between units are constructed with Insulated Concrete Forms (ICF) for better energy efficiency, reduced noise transfer, and fire rating. This building is located directly across from Octagon Pond, close to beautiful walking trails, and within walking distance to grocery and drug stores, as well as coffee shops, restaurants, and more. (id:56688)
Property Details
Listing ID: 27321264
Address: 1 Octagon Heights Unit#102, Paradise, Newfoundland & Labrador, Canada A1L4K6
Status: Active
Last updated: 12 hours ago ( Sep 11, 2024 )
Year Built: 2020
Property Type: Single Family
Ownership Type: Condominium
Beds: 2
Baths: 3
1/2 Baths: 1
Heating: Electric
Sewer: Municipal sewage system
Flooring: Hardwood, Laminate, Mixed Flooring
Living Area Total: 1,890 square feet
Price per sq ft: $164
Tax Annual Amount: $2,300
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer, Microwave
Water Source: Municipal water
Foundation Details: Concrete, Poured Concrete
Heating: Electric
Flooring: Hardwood, Laminate, Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Condo/Strata
Association Fee: 401
Number of photos available: 20
Rurl
Coordinates: [47.528909, -52.878971]
Rooms
| Basement | Bath (# pieces 1-6) Not known Mud room Not known Recreation room | 8.3 x 6.4 null 4.9 x 5.8 null 17.7 x 11.6 null 11.5 x 15.2 null 13 x 13 null |
| Main level | Laundry room Bath (# pieces 1-6) Bedroom Ensuite Primary Bedroom Living room/Dining room Kitchen Foyer | Full null 5 x 6.9 null 8.8 x 11.9 null 7.4 x 5.6 null 13 x 12 null 11.1 x 14.8 null 15.3 x 13.1 null 5.8 x 5.8 null |
Basic Calculator
First Mortgage: $247,200
Mortgage insurance premium: $0
Total Financing: $247,200
Rough closing fee (1.5%): ~ $4,635
Total downpayment with estimated closing fee: $66,435
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,079 | $24,948 |
| Gross rental income (income/principal ratio) | 0.673% | 8.074% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $387 | $4,644 |
| Vacancy | $104 | $1,248 |
| Management Fee | $167 | $1,996 |
| Expense / Income Ratio | 18.61% | 18.61% |
| Cash Flow | $1,422 | $17,064 |
| Net Operating Income (NOI) | $1,422 | $17,064 |
| Capitalization Rate | 0.46% | 5.52% |
