About the property (MLS: 1281633):
Opportunities like this don’t come around often! 1591 Topsail Road is a registered four-unit property in one of Paradise’s fastest-growing areas, offering direct backyard access to the pond trail and unbeatable convenience. Located just steps from the new Sobeys, Starbucks, Shoppers Drug Mart, Dollarama, restaurants, and the Paradise town center, this property is also near the new elementary and junior high schools, with a brand-new high school on the way—making it a fantastic long-term investment. The building consists of four fully registered units, all with electric heat—three one-bedroom units and one two-bedroom unit with one bath. The roof, windows, and half the siding have been replaced within the last 10 years, so some major upgrades are already complete. However, the fourth unit requires extensive renovations, making this a perfect opportunity for someone handy and looking to build equity. For someone looking to live in one unit while renting out the others, this property is an excellent way to cover your expenses and live for free. And once the fourth unit is renovated, it becomes a cash-flowing investment, adding even more value. With direct pond access, a prime location, and strong rental demand, 1591 Topsail Road is priced below typical multi-unit properties—offering incredible potential for both homeowners and investors. Don’t miss out—book your viewing today! (id:56688)
Property Details
Listing ID: 27913105
Address: 1591 Topsail Road, Paradise, Newfoundland & Labrador, Canada A1L1S7
Status: Active
Last updated: 2 days ago ( Mar 21, 2025 )
Year Built: 1970
Property Type: Single Family
Structure Type: Multi-Family
Ownership Type: Freehold
Beds: 0
Heating: Electric
Sewer: Municipal sewage system
Flooring: Laminate, Ceramic Tile
Tax Annual Amount: $2,100
Tax Year: 2025
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Heating: Electric
Flooring: Laminate, Ceramic Tile
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 6
Rurl
Coordinates: [47.529466, -52.868962]
Rooms
Basic Calculator
First Mortgage: $399,200
Mortgage insurance premium: $0
Total Financing: $399,200
Rough closing fee (1.5%): ~ $7,485
Total downpayment with estimated closing fee: $107,285
Investment Calculator:
Monthly | Yearly | |
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Gross Revenue | $0 | $0 |
Gross rental income (income/principal ratio) | 0.000% | 0.000% |
Mortgage | $0 | $0 |
Monthly Expenses | $0 | $0 |
Vacancy | $0 | $0 |
Management Fee | $0 | $0 |
Expense / Income Ratio | NaN% | NaN% |
Cash Flow | $0 | $0 |
Net Operating Income (NOI) | $0 | $0 |
Capitalization Rate | 0.00% | 0.00% |