About the property (MLS: 1279256):
Hann Construction Ltd is building this stunning, quality, and expertly designed 2-APARTMENT Duplex in Jonathan Park, Paradise. It offers an expansive 2,475 sq ft of living space on three levels. For comfort, it features 3 spacious bedrooms, 2.5 bathrooms, and a versatile bonus room off the living room. The primary bedroom is a true retreat, featuring an ensuite bathroom and a generous walk-in closet. The laundry facilities are on the same floor as the bedrooms for added convenience. This home's modern open-concept design is perfect for family life and is enhanced by a mini-split heat pump, ensuring comfort and affordability. The kitchen boasts a separate pantry and a center island with seating, making meal preparation and casual dining a breeze. The large dining area and living room further enhance the home, complemented by a half bathroom for guests. An additional bonus room provides you with an office or kid's playroom. The entry-level has a self-contained, 1-bedroom, above-ground apartment for added income or family. It boasts the same quality with an open-concept design, large living room window, living/dining area, modern kitchen, bedroom, bath, laundry, and storage room. Outside, the property includes a fully landscaped lot and a sleek, contemporary exterior aesthetic that adds to its curb appeal. To truly make this your dream home, you have the opportunity to choose your flooring, lighting, and other features, allowing you to infuse your style into your new home. A 10-year Atlantic Home Warranty backs this home. The HST rebate is to be assigned to the builder upon closing. All measurements are to be verified by the purchaser. (id:56688)
Property Details
Listing ID: 27612211
Address: 22 Carol Crescent, Paradise, Newfoundland & Labrador, Canada A1L4K1
Status: Active
Last updated: a month ago ( Nov 8, 2024 )
Year Built: 2024
Property Type: Single Family
Structure Type: Two Apartment House
Ownership Type: Freehold
Beds: 4
Baths: 4
1/2 Baths: 1
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Mixed Flooring
Living Area Total: 2,475 square feet
Price per sq ft: $194
Tax Annual Amount: $0
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Foundation Details: Poured Concrete
Heating: Baseboard heaters, Electric
Flooring: Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 1
Rurl
Coordinates: [47.551389, -52.886632]
Rooms
Main level | Laundry room Bath (# pieces 1-6) Not known Storage Not known Not known Storage Porch | TBD 8.10 x 5.2 null 10.3 x 10.6 null 5.0 x 6.6 null 11.4 x 13.0 null 11.4 x 12.10 null 8.11 6.11 null 6.1 x 12 null |
Second level | Not known Bath (# pieces 1-6) Not known Kitchen Dining room Living room | 7.9 x 7.6 null 5.10 x 5.0 null 5.1 x 5.8 null 14.8 x 15 null 16.3 x 9.8 null 12.0 x 14.6 null |
Third level | Primary Bedroom Bedroom Bedroom Bath (# pieces 1-6) Laundry room Ensuite | 12.8 x 14.6 null 7.1 x 10.8 null 9.9 x 11.1 null 7.1 x 10.8 null tbd null 7.1 x 7.0 null |
Basic Calculator
First Mortgage: $383,920
Mortgage insurance premium: $0
Total Financing: $383,920
Rough closing fee (1.5%): ~ $7,199
Total downpayment with estimated closing fee: $103,179
Investment Calculator:
Monthly | Yearly | |
---|---|---|
Gross Revenue | $2,723 | $32,676 |
Gross rental income (income/principal ratio) | 0.567% | 6.809% |
Mortgage | $0 | $0 |
Monthly Expenses | $600 | $7,200 |
Vacancy | $137 | $1,634 |
Management Fee | $218 | $2,615 |
Expense / Income Ratio | 22.03% | 22.03% |
Cash Flow | $1,770 | $21,240 |
Net Operating Income (NOI) | $1,770 | $21,240 |
Capitalization Rate | 0.37% | 4.43% |