24-30 Carol Crescent
Paradise, NL, A1L4K1
5 Beds | 4 Baths
$1,719,600
About the property (MLS: 1276532):
Unbelievable value in this cluster of 4 brand new, semi-detached, 2-apartment homes in the quickly developing Jonathan Park neighborhood in Paradise! Constructed using Insulated Concrete Form (ICF), this development offers superior energy efficiency and soundproofing, resulting in low power bills and a quiet, comfortable living environment. Take advantage of the 5% down, 50 year CMHC MLI Select Program with this purpose-built, energy efficient rental development with cost effective basement apartments. Subj to approval. Possibility to make the lower units in 26 and 30 Carol accessable! The main units span two storeys, featuring a spacious open floorplan that combines the living room, dining room, and kitchen. This area is perfect for entertaining and family gatherings. The kitchen has a walk-in pantry, and there is a large laundry room and half bath on the main. Upstairs, the primary bedroom has a large walk-in closet and a 3-piece ensuite bathroom. Two additional generously-sized bedrooms and another full bathroom complete the upper level. Plenty of space for a family and guests. The self-contained apartment units offer an inviting open kitchen and living room area, designed to maximize natural light through the windows at the front of the home. This bright and airy space is perfect for tenants or extended family. Additional Features: - ICF construction ensures excellent energy efficiency, potentially saving hundreds of dollars on electricity for the new owners or tenants alike. ICF is time-tested, and adds incredible value to this property - especially over time! - Situated in a family-friendly neighborhood in Paradise close to schools, parks, and amenities. - Modern and beautiful interior and exterior finishings. Opportunity to own an exceptional property that have contemporary design, energy efficiency, and are built to last, at a normally impossible 5% down/50 year term subj. to approval. Hst rebate to be assigned to Vendor on closing. (id:56688)
Property Details
Listing ID: 27332114
Address: 24-30 Carol Crescent, Paradise, Newfoundland & Labrador, Canada A1L4K1
Status: Active
Last updated: 11 days ago ( Aug 26, 2024 )
Year Built: 2024
Property Type: Single Family
Structure Type: Multi-Family
Ownership Type: Freehold
Beds: 5
Baths: 4
1/2 Baths: 1
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Laminate, Ceramic Tile, Mixed Flooring
Living Area Total: 9,180 square feet
Price per sq ft: $188
Tax Annual Amount: $0
Tax Year: 2024
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Heating: Baseboard heaters, Electric
Flooring: Laminate, Ceramic Tile, Mixed Flooring
Exterior Features: Vinyl siding
Cooling: Air exchanger
Common Interest: Freehold
Number of photos available: 6
Rurl
Coordinates: [47.551258, -52.886501]
Rooms
| Lower level | Not known Not known Bath (# pieces 1-6) Not known Not known Not known | 11 x 9.5 null 11 x 9.5 null 9 x 9 null 9 x 6 null 13.5 x 11 null 14 x 10 null |
| Second level | Bedroom Bedroom Bath (# pieces 1-6) Ensuite Primary Bedroom | 11 x 11 null 11 x 11 null 8 x 8 null 9.5 x 6 null 13 x 11.5 null |
| Main level | Bath (# pieces 1-6) Laundry room Kitchen Dining room Living room | 1/2 null 11 x 6 null 12 x 14 null 11 x 11 null 13 x 14 null |
Basic Calculator
First Mortgage: $1,375,680
Mortgage insurance premium: $0
Total Financing: $1,375,680
Rough closing fee (1.5%): ~ $25,794
Total downpayment with estimated closing fee: $369,714
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $10,098 | $121,176 |
| Gross rental income (income/principal ratio) | 0.587% | 7.047% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $2,150 | $25,800 |
| Vacancy | $505 | $6,059 |
| Management Fee | $808 | $9,695 |
| Expense / Income Ratio | 21.29% | 21.29% |
| Cash Flow | $6,636 | $79,632 |
| Net Operating Income (NOI) | $6,636 | $79,632 |
| Capitalization Rate | 0.39% | 4.63% |
