9 Gosses Road
Paradise, NL, A1L3P3
4 Beds | 3 Baths
$384,900
About the property (MLS: 1282026):
This registered 2-apartment has been freshly painted from top to bottom and is completely move-in ready. The main unit features a spacious entryway, a bright and inviting living area, a well-appointed kitchen, and three generously sized bedrooms, including a primary bedroom with an ensuite. The lower level offers additional space with a rec room/family room and laundry. The basement apartment is ready to rent, featuring an open-concept living area, a large bedroom, its own separate laundry, and plenty of parking. Recent upgrades include a new hot water boiler, a new apartment door, updated light fixtures, and fresh paint throughout. With strong rental income potential, this property is an excellent opportunity for investors or homeowners looking to offset their mortgage. Don't miss out—schedule your viewing today! No conveyance of offers prior to 6pm on March 04, 2025. All offers to be left open until 11pm March 04, 2025. (id:56688)
Property Details
Listing ID: 27959628
Address: 9 Gosses Road, Paradise, Newfoundland & Labrador, Canada A1L3P3
Status: Active
Last updated: 24 days ago ( Feb 27, 2025 )
Year Built: 2005
Property Type: Single Family
Architectural Style: Bungalow
Structure Type: Two Apartment House
Ownership Type: Freehold
Number of stories: 1
Number of Levels: 1
Beds: 4
Baths: 3
1/2 Baths: 0
Heating: Baseboard heaters
Sewer: Municipal sewage system
Flooring: Laminate, Carpeted, Mixed Flooring
Living Area Total: 2,280 square feet
Price per sq ft: $169
Tax Annual Amount: $2,599
Tax Year: 2025
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Foundation Details: Concrete
Heating: Baseboard heaters
Flooring: Laminate, Carpeted, Mixed Flooring
Exterior Features: Vinyl siding
Cooling: Air exchanger
Common Interest: Freehold
Number of photos available: 25
Rurl
Coordinates: [47.529731, -52.87062]
Rooms
| Basement | Foyer Bedroom Kitchen Living room Laundry room Recreation room | 5.5x6.0 null 9.8x9.8 null 10.8x11 null 19.9x11.4 null 4.11x8.10 null 15.2x12.2 null |
| Main level | Foyer Bath (# pieces 1-6) Ensuite Primary Bedroom Bedroom Dining nook Kitchen Living room | 5.6x5.5 null B4 null B3 null 12.1x13.1 null 8.0x11.1 null 8.10x5.6 null 10.10x12.2 null 11.8x12.7 null |
Basic Calculator
First Mortgage: $307,920
Mortgage insurance premium: $0
Total Financing: $307,920
Rough closing fee (1.5%): ~ $5,774
Total downpayment with estimated closing fee: $82,754
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,508 | $30,096 |
| Gross rental income (income/principal ratio) | 0.652% | 7.819% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $482 | $5,784 |
| Vacancy | $126 | $1,505 |
| Management Fee | $201 | $2,408 |
| Expense / Income Ratio | 19.22% | 19.22% |
| Cash Flow | $1,700 | $20,400 |
| Net Operating Income (NOI) | $1,700 | $20,400 |
| Capitalization Rate | 0.44% | 5.30% |
