59 Brougham Drive
Paradise, NL, A1L0C8
4 Beds | 2 Baths
$359,900
About the property (MLS: 1282289):
A Wonderful investment opportunity in a highly desirable neighbourhood! Welcome to 59 Brougham Drive, this well maintained registered 2 apartment home is situated in sough after Elizabeth Park, a prime location with easy access to amenities, shopping and schools. This property offers a fantastic opportunity for homeowners and investors alike! The freshly painted main floor features 3 bedrooms, a full bathroom, bright open concept living, dining and kitchen area plus an a additional spacious rec-room and laundry in the lower level. The one bedroom basement apartment has a large kitchen, living space and full bathroom with closet laundry hook-up. The property has 3 car parking, fenced yard, and a large shed. As per seller's direction no conveyance of any written offers prior to 5pm March 10th, and all offers are to remain open until 8pm on March 10th. (id:56688)
Property Details
Listing ID: 27994427
Address: 59 Brougham Drive, Paradise, Newfoundland & Labrador, Canada A1L0C8
Status: Active
Last updated: 16 days ago ( Mar 7, 2025 )
Year Built: 2006
Property Type: Single Family
Structure Type: Two Apartment House
Ownership Type: Freehold
Beds: 4
Baths: 2
1/2 Baths: 0
Heating: Electric
Sewer: Municipal sewage system
Flooring: Laminate, Other
Fencing: Partially fenced
Living Area Total: 1,860 square feet
Price per sq ft: $194
Tax Annual Amount: $2,447
Tax Year: 2025
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Dishwasher
Water Source: Municipal water
Foundation Details: Concrete
Heating: Electric
Flooring: Laminate, Other
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 28
Rurl
Coordinates: [47.5381, -52.827266]
Rooms
| Basement | Not known Bath (# pieces 1-6) Not known Not known Recreation room | 11.9x8 null 3pc 11x14 null 10.10x11 null 18x11 null |
| Main level | Primary Bedroom Bedroom Bedroom Bath (# pieces 1-6) Kitchen Living room | 10.7x12.8 null 8x9 null 10x9 null 3pc 18.6x14 null 14.11x11 null |
Basic Calculator
First Mortgage: $287,920
Mortgage insurance premium: $0
Total Financing: $287,920
Rough closing fee (1.5%): ~ $5,399
Total downpayment with estimated closing fee: $77,379
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,047 | $24,564 |
| Gross rental income (income/principal ratio) | 0.569% | 6.825% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $450 | $5,400 |
| Vacancy | $103 | $1,229 |
| Management Fee | $164 | $1,966 |
| Expense / Income Ratio | 21.98% | 21.98% |
| Cash Flow | $1,331 | $15,972 |
| Net Operating Income (NOI) | $1,331 | $15,972 |
| Capitalization Rate | 0.37% | 4.44% |
