Telephone Email278 Lanark Drive, Paradise, Newfoundland & Labrador, Canada A1L0W5

For sale · MLS® 1304631

278 Lanark Drive

Paradise, NL, A1L0W5

4 bd4 ba2,464 sqftBuilt 2026

List price

$649,900

278 Lanark Drive Paradise Newfoundland & Labrador Canada A1L0W5, for Sale, residential, Haris Barki, Keller Williams Platinum Realty

Presented by

Haris Barki

416-873-4676

haris@barki.co

REALTOR® · Keller Williams Platinum Realty

About this propertyMLS® 1304631

Welcome to 278 Lanark Drive in Paradise, a beautiful two-apartment home situated on an oversized lot in a highly desirable area. This well-appointed property offers a stylish exterior featuring striking black windows and doors, creating a modern and inviting curb appeal. The main unit features three spacious bedrooms and two and a half bathrooms, providing plenty of room for comfortable family living. The fully developed basement apartment offers an additional one-bedroom, one-bathroom living space, making it an excellent opportunity for rental income, extended family, or added flexibility. Located in a sought-after neighbourhood close to schools, amenities, recreation, and all that Paradise has to offer, this property combines modern style, generous outdoor space, and excellent versatility. (id:56688)

Property details

MLS®1304631

Listing ID30426415

Address278 Lanark Drive, Paradise, Newfoundland & Labrador, Canada A1L0W5

StatusActive

Last updated10 days ago ( Oct 21, 2026 )

Year Built2026

Property TypeSingle Family

Architectural Style2 Level

Structure TypeTwo Apartment House

Beds4

Baths4

1/2 Baths1

HeatingElectric

SewerMunicipal sewage system

FlooringLaminate, Mixed Flooring

Living Area Total2,464 square feet

Price per sq ft: $264

Tax Annual Amount$0

Water SourceMunicipal water

RoofAsphalt shingle, Unknown

Foundation DetailsConcrete

HeatingElectric

FlooringLaminate, Mixed Flooring

Exterior FeaturesVinyl siding

Common InterestFreehold

Number of photos available1

Rurl
Coordinates: [47.536349, -52.881428]

Rooms

Basement	Bath (# pieces 1-6) Not known Not known Not known	4 PC 10.10 x 12.4 15.6 x 11 11.10 x 15.1
Second level	Bath (# pieces 1-6) Bedroom Bedroom Ensuite Primary Bedroom	4 PC 11.10 x 10.6 11.10 x 10.10 3 PC 14.4 x 13.4
Main level	Bath (# pieces 1-6) Living room Kitchen Dining nook	2 PC 14.4 x 13.3 15.6 x 14.4 11.10 x 11.2

Basic Calculator

Principal Amount ($):

Annual Interest Rate (%):

Loan Term (Years):

Down Payment ($):

Percent Down (%):

First Mortgage: $519,920

Mortgage insurance premium: $0

Total Financing: $519,920

Rough closing fee (1.5%): ~ $9,749

Total downpayment with estimated closing fee: $139,729

0000

Investment Calculator:

Monthly Income (Initially estimated at $1.1 per sqft):

Monthly Expense (includes taxes, insurance, utilities, maintenance etc, excluding mortgage payment) (initally estimated at 1.5% per year of principal):

Vacancy Rate (%):

Management Fee (%):

Total cost of initial renovation ($):

	Monthly	Yearly
Gross Revenue	$0	$0
Gross rental income (income/principal ratio)	0.000%	0.000%
Mortgage	$0	$0
Monthly Expenses	$813	$9,756
Vacancy	$0	$0
Management Fee	$0	$0
Expense / Income Ratio	Infinity%	Infinity%
Cash Flow	$-813	$-9,756
Net Operating Income (NOI)	$-813	$-9,756
Capitalization Rate	-0.13%	-1.50%

Capitalization Rate: -1.50%

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).): $928,429

Neighbourhood scores

Explore Paradise on Walk Score

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