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TelephoneEmail48 Topsail Pond Road, Paradise, Newfoundland & Labrador, Canada A1L2B3

48 Topsail Pond Road

Paradise, NL, A1L2B3

location

3 Beds | 1 Bath

$399,900

48 Topsail Pond Road Paradise Newfoundland & Labrador Canada A1L2B3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
48 Topsail Pond Road Paradise Newfoundland & Labrador Canada A1L2B3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
48 Topsail Pond Road Paradise Newfoundland & Labrador Canada A1L2B3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
48 Topsail Pond Road Paradise Newfoundland & Labrador Canada A1L2B3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
48 Topsail Pond Road Paradise Newfoundland & Labrador Canada A1L2B3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
48 Topsail Pond Road Paradise Newfoundland & Labrador Canada A1L2B3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
48 Topsail Pond Road Paradise Newfoundland & Labrador Canada A1L2B3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
48 Topsail Pond Road Paradise Newfoundland & Labrador Canada A1L2B3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
48 Topsail Pond Road Paradise Newfoundland & Labrador Canada A1L2B3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
48 Topsail Pond Road Paradise Newfoundland & Labrador Canada A1L2B3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
48 Topsail Pond Road Paradise Newfoundland & Labrador Canada A1L2B3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
48 Topsail Pond Road Paradise Newfoundland & Labrador Canada A1L2B3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
48 Topsail Pond Road Paradise Newfoundland & Labrador Canada A1L2B3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
48 Topsail Pond Road Paradise Newfoundland & Labrador Canada A1L2B3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
48 Topsail Pond Road Paradise Newfoundland & Labrador Canada A1L2B3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
48 Topsail Pond Road Paradise Newfoundland & Labrador Canada A1L2B3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
48 Topsail Pond Road Paradise Newfoundland & Labrador Canada A1L2B3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
48 Topsail Pond Road Paradise Newfoundland & Labrador Canada A1L2B3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
48 Topsail Pond Road Paradise Newfoundland & Labrador Canada A1L2B3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
48 Topsail Pond Road Paradise Newfoundland & Labrador Canada A1L2B3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
48 Topsail Pond Road Paradise Newfoundland & Labrador Canada A1L2B3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
48 Topsail Pond Road Paradise Newfoundland & Labrador Canada A1L2B3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
48 Topsail Pond Road Paradise Newfoundland & Labrador Canada A1L2B3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
48 Topsail Pond Road Paradise Newfoundland & Labrador Canada A1L2B3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
48 Topsail Pond Road Paradise Newfoundland & Labrador Canada A1L2B3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
48 Topsail Pond Road Paradise Newfoundland & Labrador Canada A1L2B3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty
48 Topsail Pond Road Paradise Newfoundland & Labrador Canada A1L2B3, for Sale, residential, Haris Barki, Keller Williams Platinum Realty

Presented By

Haris Barki
Haris Barki
REALTOR ®
Keller Williams Platinum Realty
About the property (MLS: 1279332):

This is a unique opportunity for someone looking to run an automotive shop while having the flexibility of a single-family dwelling either as an investment or a place to live. Located in a beautiful area, this property offers both residential and commercial potential. The fully equipped garage includes: A vehicle lift Tire changer and balancer Workbench The shop is ready for operations and has approved business hours from Monday to Friday, 8 AM to 5 PM, offering a great balance for someone looking to work onsite or rent out the living space for additional income. This dual-purpose property combines the convenience of living and working on-site or earning rental income while running a business. (id:56688)

Property Details
MLS: 1279332
Listing ID: 27616898
Address: 48 Topsail Pond Road, Paradise, Newfoundland & Labrador, Canada A1L2B3
Status: Active
Last updated: a month ago ( Nov 5, 2024 )
Year Built: 1950
Property Type: Single Family
Architectural Style: Bungalow
Structure Type: House
Ownership Type: Freehold
Number of stories: 1
Number of Levels: 1
Beds: 3
Baths: 1
1/2 Baths: 0
Heating: Electric
Sewer: Septic tank
Flooring: Laminate, Other
Living Area Total: 2,880 square feet
Price per sq ft: $139
Tax Annual Amount: $2,294
Garage? Yes
Attached Garage? Yes
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Washer, Refrigerator, Stove, Dryer
Water Source: Drilled Well
Heating: Electric
Flooring: Laminate, Other
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 27
Rurl
Coordinates: [47.527904, -52.905932]

Rooms

Main level
Laundry room
Bedroom
Bedroom
Bath (# pieces 1-6)
Primary Bedroom
Living room/Dining room
Kitchen
10x4 null
9.4x10 null
11.2x11.2 null
Three Piece null
13x11 null
30x19.4 null
11.5x12.8 null

Basic Calculator



First Mortgage: $319,920

Mortgage insurance premium: $0

Total Financing: $319,920

Rough closing fee (1.5%): ~ $5,999

Total downpayment with estimated closing fee: $85,979

0000

Investment Calculator:

MonthlyYearly
Gross Revenue$3,169$38,028
Gross rental income (income/principal ratio)0.792%9.509%
Mortgage$0$0
Monthly Expenses$500$6,000
Vacancy$159$1,902
Management Fee$254$3,043
Expense / Income Ratio15.78%15.78%
Cash Flow$2,258$27,096
Net Operating Income (NOI)$2,258$27,096
Capitalization Rate0.56%6.78%
Capitalization Rate: 6.78%
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).): $571,286