1794 Topsail Road
Paradise, NL, A1L1Y7
3 Beds | 2 Baths
$289,900
About the property (MLS: 1278013):
Perfect Starter Home in Family-Friendly Paradise – Steps from Octagon Pond Elementary! Looking for the ideal home to raise your young family or take the leap into homeownership? This fully developed 2+1 bedroom split-entry gem, located on a prime corner lot in Paradise, offers everything you need for a comfortable and convenient lifestyle. With Octagon Pond Elementary just a short stroll away and popular walking trails around Octagon Pond and Adam's Pond nearby, it’s hard to beat this location for accessibility and family-friendly charm. Designed with both style and functionality in mind, the main floor welcomes you with a modern kitchen featuring warm oak cabinets, a central island, and a casual dining area—perfect for busy mornings and family dinners alike. The sunlit living room provides a cozy space to unwind, while two generously sized bedrooms and a full bathroom round out the main level, offering plenty of room for a growing family. Downstairs, you’ll find a fully finished basement complete with a third bedroom, a second full bathroom, a convenient laundry area, and a spacious rec room featuring a charming wood-burning fireplace. Whether it's movie nights with the kids or hosting friends, this space is ready to be enjoyed. The attached full-length garage adds even more value, offering room for your vehicle plus extra storage for bikes, strollers, or whatever adventures await. Step outside to discover a fully fenced backyard that provides a safe play area for kids and pets, with side yard access and a second driveway for added convenience. The serene river backdrop adds a peaceful touch, and the 16x12 shed is perfect for storing your tools and outdoor gear. This move-in-ready home is nestled in a welcoming neighborhood that’s perfect for families, and with schools and walking trails just minutes away, it’s the perfect setting for creating lifelong memories. No conveyance of any written signed offers prior to 8:00 PM on the 4th day of October, 2024. (id:56688)
Property Details
Listing ID: 27485541
Address: 1794 Topsail Road, Paradise, Newfoundland & Labrador, Canada A1L1Y7
Status: Active
Last updated: 10 hours ago ( Oct 4, 2024 )
Year Built: 2006
Property Type: Single Family
Structure Type: House
Ownership Type: Freehold
Number of stories: 1
Number of Levels: 1
Beds: 3
Baths: 2
1/2 Baths: 0
Heating: Baseboard heaters, Electric, Wood
Sewer: Municipal sewage system
Flooring: Hardwood, Laminate, Carpeted, Ceramic Tile, Mixed Flooring
Living Area Total: 1,663 square feet
Price per sq ft: $175
Tax Annual Amount: $0
Tax Year: 2024
Garage? Yes
Attached Garage? Yes
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Washer, Dishwasher, Stove, Dryer
Water Source: Municipal water
Foundation Details: Poured Concrete
Heating: Baseboard heaters, Electric, Wood
Flooring: Hardwood, Laminate, Carpeted, Ceramic Tile, Mixed Flooring
Fireplace Features: Wood, Woodstove
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 30
Rurl
Coordinates: [47.527572, -52.891164]
Rooms
| Basement | Bath (# pieces 1-6) Not known Living room/Fireplace Bedroom | 4 PCS null 27'5"" x 13'10"" null 15'10"" x 12'10"" null 10' x 10' null |
| Main level | Bath (# pieces 1-6) Bedroom Primary Bedroom Dining room Kitchen Living room | 4 PC null 10'6"" x 10' null 13'10"" x 11'10"" null 10' x 9' null 10' x 10' null 12'10"" x 15'10"" null |
Basic Calculator
First Mortgage: $231,920
Mortgage insurance premium: $0
Total Financing: $231,920
Rough closing fee (1.5%): ~ $4,349
Total downpayment with estimated closing fee: $62,329
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $1,830 | $21,960 |
| Gross rental income (income/principal ratio) | 0.631% | 7.575% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $363 | $4,356 |
| Vacancy | $92 | $1,098 |
| Management Fee | $147 | $1,757 |
| Expense / Income Ratio | 19.84% | 19.84% |
| Cash Flow | $1,230 | $14,760 |
| Net Operating Income (NOI) | $1,230 | $14,760 |
| Capitalization Rate | 0.42% | 5.09% |
