23 Gallants Street
Paradise, NL, A1L3C1
4 Beds | 3 Baths
$424,900
About the property (MLS: 1281927):
Paradise Awaits! In Willowbanks subdivision just steps from Adam’s Pond and walking trails, this brand new, uniquely designed three bedroom split entry duplex with a one-bedroom apartment is presently under construction. There is an open living room, dining room and kitchen on the main floor as well as two bedrooms, one bathroom and laundry. The lower level contains a third bedroom and half bath. The apartment has one bedroom with an open living room, dining room and kitchen. There is also a full bathroom and laundry area. Both units are equipped with mini split heat pumps. (id:56688)
Property Details
Listing ID: 27951006
Address: 23 Gallants Street, Paradise, Newfoundland & Labrador, Canada A1L3C1
Status: Active
Last updated: 6 days ago ( Mar 10, 2025 )
Year Built: 2025
Property Type: Single Family
Structure Type: Two Apartment House
Ownership Type: Freehold
Beds: 4
Baths: 3
1/2 Baths: 1
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Laminate
Living Area Total: 1,640 square feet
Price per sq ft: $260
Tax Annual Amount: $0
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Foundation Details: Concrete
Heating: Baseboard heaters, Electric
Flooring: Laminate
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 8
Rurl
Coordinates: [47.541329, -52.882951]
Rooms
| Basement | Bath (# pieces 1-6) Bath (# pieces 1-6) Not known Not known Not known Bedroom | 2pcs 4pcs 10.4x12 null 12x10 null 10x11 null 9.6x10.8 null |
| Main level | Bath (# pieces 1-6) Bedroom Primary Bedroom Kitchen Living room | 4pcs 10x10 null 11.6x11.6 null 10x12 null 12x14 null |
Basic Calculator
First Mortgage: $339,920
Mortgage insurance premium: $0
Total Financing: $339,920
Rough closing fee (1.5%): ~ $6,374
Total downpayment with estimated closing fee: $91,354
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $1,805 | $21,660 |
| Gross rental income (income/principal ratio) | 0.425% | 5.098% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $532 | $6,384 |
| Vacancy | $91 | $1,083 |
| Management Fee | $145 | $1,733 |
| Expense / Income Ratio | 29.47% | 29.47% |
| Cash Flow | $1,039 | $12,468 |
| Net Operating Income (NOI) | $1,039 | $12,468 |
| Capitalization Rate | 0.24% | 2.93% |
