14 Jonathan Drive
Paradise, NL, A1L4K1
5 Beds | 3 Baths
$546,000
About the property (MLS: 1280642):
Construction will begin in the Spring of 2025. A modern 2-apartment home is coming soon to Jonathan Park, Paradise! Built by award-winning Hann Construction Ltd, this 2,493 sq ft home includes a 904 sq ft apartment. Situated on a large, corner lot, boasting 2 separate driveways to allow backyard access or parking for your tenants. The main unit offers 3 bedrooms, 2.5 baths, an open-concept design with a mini-split heat pump, and a kitchen with a pantry and island space. The primary bedroom features an ensuite, while the basement allows for a rec room and storage. The 2-bedroom apartment has an open layout, laundry, and storage. Situated on a large corner lot with two driveways and backyard access, it comes fully landscaped with a modern exterior. Choose your colours and finishes to customize your home! Backed by a 10-year Atlantic Home Warranty. Alternative plans are available, but if you have a different plan in mind, please feel free to let us know. Please note mood boards and renderings shown in the listing photos are for visual purposes only. Final finishes and selections may vary. HST is included in the list price to be rebated to the vendor on closing. (id:56688)
Property Details
Listing ID: 27773162
Address: 14 Jonathan Drive, Paradise, Newfoundland & Labrador, Canada A1L4K1
Status: Active
Last updated: 4 days ago ( Mar 13, 2025 )
Year Built: 2025
Property Type: Single Family
Structure Type: Two Apartment House
Ownership Type: Freehold
Beds: 5
Baths: 3
1/2 Baths: 0
Heating: Heat Pump, Electric
Sewer: Municipal sewage system
Flooring: Mixed Flooring
Lot Size Area: 5586
Living Area Total: 2,493 square feet
Price per sq ft: $220
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: Heat Pump, Electric
Flooring: Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 4
Rurl
Coordinates: [47.551685, -52.888056]
Rooms
| Basement | Storage Not known Not known Bath (# pieces 1-6) Not known Not known Not known Recreation room Utility room | 5.0 x 5.5 null 11.0 x 10.0 null 11.6 x 10.0 null 5.8 x 10.0 null 5.0 x 5.0 null 13.4 x 11.6 null 13.4 x 14.2 null 17.6 x 14.3 null 4.0 x 5.5 null |
| Main level | Bath (# pieces 1-6) Bedroom Bedroom Ensuite Primary Bedroom Bath (# pieces 1-6) Not known Kitchen Living room | 8.4 x 6.2 null 10.0 x 10.0 null 10 x 10.0 null 4.5 x 8.8 null 14.0 x 12.0 null 8.4 x 6.2 null 4.4 x 4.6 null 13.6 x 13.3 null 136 x 16.2 null |
Basic Calculator
First Mortgage: $436,800
Mortgage insurance premium: $0
Total Financing: $436,800
Rough closing fee (1.5%): ~ $8,190
Total downpayment with estimated closing fee: $117,390
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,743 | $32,916 |
| Gross rental income (income/principal ratio) | 0.502% | 6.029% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $683 | $8,196 |
| Vacancy | $138 | $1,646 |
| Management Fee | $220 | $2,634 |
| Expense / Income Ratio | 24.90% | 24.90% |
| Cash Flow | $1,704 | $20,448 |
| Net Operating Income (NOI) | $1,704 | $20,448 |
| Capitalization Rate | 0.31% | 3.75% |
