17 Kemble Avenue
Paradise, NL, A1L4J1
3 Beds | 2 Baths
$554,800
About the property (MLS: 1278863):
Two apartment home with an attached garage. Three bedroom main floor with main floor laundry and a full ensuite. Downstairs has a family room for the main unit plus a self contained two bedroom apartment. HST included in purchase price. (id:56688)
Property Details
MLS: 1278863
Listing ID: 27571021
Address: 17 Kemble Avenue, Paradise, Newfoundland & Labrador, Canada A1L4J1
Status: Active
Last updated: 22 days ago ( Feb 22, 2025 )
Year Built: 2024
Property Type: Single Family
Structure Type: Two Apartment House
Ownership Type: Freehold
Beds: 3
Baths: 2
1/2 Baths: 0
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Other
Living Area Total: 2,091 square feet
Price per sq ft: $266
Tax Annual Amount: $4,106
Tax Year: 2024
Garage? Yes
Attached Garage? Yes
Carport? No
Open Parking? No
Garage Spaces: 1
Waterfront? No
Pool? No
Water Source: Municipal water
Heating: Baseboard heaters, Electric
Flooring: Other
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 4
Rurl
Coordinates: [47.550679, -52.892104]
Listing ID: 27571021
Address: 17 Kemble Avenue, Paradise, Newfoundland & Labrador, Canada A1L4J1
Status: Active
Last updated: 22 days ago ( Feb 22, 2025 )
Year Built: 2024
Property Type: Single Family
Structure Type: Two Apartment House
Ownership Type: Freehold
Beds: 3
Baths: 2
1/2 Baths: 0
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Other
Living Area Total: 2,091 square feet
Price per sq ft: $266
Tax Annual Amount: $4,106
Tax Year: 2024
Garage? Yes
Attached Garage? Yes
Carport? No
Open Parking? No
Garage Spaces: 1
Waterfront? No
Pool? No
Water Source: Municipal water
Heating: Baseboard heaters, Electric
Flooring: Other
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 4
Rurl
Coordinates: [47.550679, -52.892104]
Rooms
| Lower level | Bath (# pieces 1-6) Not known Not known Not known Not known Not known Laundry room | 4 Pce null 3’ 6” x 7’ 6” null 9’ 3” x 11’ 5” null 10’ 9” x 11’ 3” null 11’ 8” x 13’ 3” null 11’ 8” x 12’ null 5’ 11” x 9’ 6” null |
| Main level | Family room Bath (# pieces 1-6) Bedroom Bedroom Ensuite Primary Bedroom Kitchen Dining room Living room | 11’ 5” x 13’ 2” null 4 Pce null 8’ 5” x 9’ 1” null 9’ 11” x 10’ 6” null 3 Pce null 11’ 5” x 13’ 1” null 11’ 4” x 13’ 1” null 8’ x 11’ 9” null 11’ 7” x 13’ 8” null |
Basic Calculator
First Mortgage: $443,840
Mortgage insurance premium: $0
Total Financing: $443,840
Rough closing fee (1.5%): ~ $8,322
Total downpayment with estimated closing fee: $119,282
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,301 | $27,612 |
| Gross rental income (income/principal ratio) | 0.415% | 4.977% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $694 | $8,328 |
| Vacancy | $116 | $1,381 |
| Management Fee | $185 | $2,209 |
| Expense / Income Ratio | 30.16% | 30.16% |
| Cash Flow | $1,308 | $15,696 |
| Net Operating Income (NOI) | $1,308 | $15,696 |
| Capitalization Rate | 0.24% | 2.83% |
Capitalization Rate: 2.83%
After-repair value (ARV) (This is a rule for purchasing and flipping distressed real estate for a profit, which states that the purchase price should be less than 70% of after-repair value (ARV) minus repair costs (rehab).): $792,572
