1539 Topsail Road Unit#105
Paradise, NL, A1L1R3
2 Beds | 3 Baths
$279,900
About the property (MLS: 1277291):
Welcome to carefree living! This 2 bedroom, 2 story condo is located with pond views in Neils Pond condominiums. The main floor consists of an open concept kitchen, living and dining room area. Kitchen cabinets have been refinished with modern colours, stylish backsplash, new sink and appliances. Patio off of dining room. Also on main floor is half bath and laundry combo. Hardwood stairs leads you 2 bedrooms including a large primary with double closets PLUS another deck off of primary. The basement was just recently completed with a modern family room with built in electric fireplace as well as a beautiful half bathroom. There is still an area downstairs which allows for ample storage. 2 mini split heat pumps help with low heating costs! Steps away from many walking trails around Neil's pond and as well as walking distance to coffee shops, supermarkets, night life. The condo fees cover snow clearing, lawn maintenance, garbage removal and all exterior building maintenance. There's designated parking and plenty of visitor parking. Closing date to be November 7th, 2024 As per sellers direction Any offers to be in by Thursday at 2pm, September 19th, 2024 (id:56688)
Property Details
Listing ID: 27417990
Address: 1539 Topsail Road Unit#105, Paradise, Newfoundland & Labrador, Canada A1L1R3
Status: Active
Last updated: 19 days ago ( Sep 16, 2024 )
Year Built: 2005
Property Type: Single Family
Ownership Type: Condominium
Beds: 2
Baths: 3
1/2 Baths: 2
Heating: Electric
Sewer: Municipal sewage system
Flooring: Hardwood, Ceramic Tile
Living Area Total: 1,800 square feet
Price per sq ft: $156
Tax Annual Amount: $1,375
Tax Year: 2024
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Washer, Refrigerator, Dishwasher, Dryer, Microwave
Water Source: Municipal water
Heating: Electric
Flooring: Hardwood, Ceramic Tile
Exterior Features: Other
Cooling: Air exchanger
Common Interest: Condo/Strata
Association Fee: 375
Number of photos available: 27
Rurl
Coordinates: [47.531527, -52.864245]
Rooms
| Basement | Bath (# pieces 1-6) Family room | 2pc 17x15 null |
| Second level | Bath (# pieces 1-6) Bedroom Primary Bedroom | 8x9 null 9x12 null 10x16 null |
| Main level | Porch Laundry room Living room/Dining room Kitchen | 5x6 null 5.3x9.5 null 18.6x11.5 null 10.6x12.4 null |
Basic Calculator
First Mortgage: $223,920
Mortgage insurance premium: $0
Total Financing: $223,920
Rough closing fee (1.5%): ~ $4,199
Total downpayment with estimated closing fee: $60,179
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $1,981 | $23,772 |
| Gross rental income (income/principal ratio) | 0.708% | 8.493% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $350 | $4,200 |
| Vacancy | $100 | $1,189 |
| Management Fee | $159 | $1,902 |
| Expense / Income Ratio | 17.67% | 17.67% |
| Cash Flow | $1,374 | $16,488 |
| Net Operating Income (NOI) | $1,374 | $16,488 |
| Capitalization Rate | 0.49% | 5.89% |
