49 Sgt Donald Lucas Drive
Paradise, NL, A1L0W7
5 Beds | 3 Baths
$429,900
About the property (MLS: 1282386):
This terrific, vacant, 2-apartment home is located in Paradise near Octagon Pond. The main floor area offers open concept kitchen & living room, beautiful kitchen cabinets with centre island, stainless steel appliances, hardwood and ceramic tiles through out the main living area, hardwood stairs, crown mouldings and primary room has an ensuite and walk in closet plus a family room & laundry on the lower level. The large 2 bedroom above ground apt offers a porch, beautiful cabinets, living room, spacious bedrooms and laundry/ storage room. Located in a great subdivision close to recreation, walking trails, schools, supermarkets and more. Come check it out! Offers must be submitted by 1PM Sunday March 16 and will be presented at 4PM Saturday Mar 16th as per the Seller's Directive. (id:56688)
Property Details
Listing ID: 28017972
Address: 49 Sgt Donald Lucas Drive, Paradise, Newfoundland & Labrador, Canada A1L0W7
Status: Active
Last updated: 21 days ago ( Mar 13, 2025 )
Year Built: 2014
Property Type: Single Family
Structure Type: Two Apartment House
Ownership Type: Freehold
Beds: 5
Baths: 3
1/2 Baths: 0
Heating: Electric
Sewer: Municipal sewage system
Flooring: Hardwood, Laminate, Ceramic Tile
Living Area Total: 2,374 square feet
Price per sq ft: $182
Tax Annual Amount: $2,857
Tax Year: 2024
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer, Microwave
Water Source: Municipal water
Heating: Electric
Flooring: Hardwood, Laminate, Ceramic Tile
Exterior Features: Vinyl siding
Cooling: Air exchanger
Common Interest: Freehold
Number of photos available: 28
Rurl
Coordinates: [47.525367, -52.893895]
Rooms
| Basement | Bath (# pieces 1-6) Bedroom Bedroom Living room Not known Recreation room | 4PC null 10.9x10.6 null 11.9x11.4 null 13.2x10.6 null 11.2x10.6 null 14.4x10.4 null |
| Main level | Ensuite Bath (# pieces 1-6) Bedroom Bedroom Primary Bedroom Not known Living room | 3PC null 4PC null 11.3x9 null 11.3x9 null 13.9x11.9 null 14.3x12 null 18.9x11.6 null |
Basic Calculator
First Mortgage: $343,920
Mortgage insurance premium: $0
Total Financing: $343,920
Rough closing fee (1.5%): ~ $6,449
Total downpayment with estimated closing fee: $92,429
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,612 | $31,344 |
| Gross rental income (income/principal ratio) | 0.608% | 7.291% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $538 | $6,456 |
| Vacancy | $131 | $1,568 |
| Management Fee | $209 | $2,508 |
| Expense / Income Ratio | 20.60% | 20.60% |
| Cash Flow | $1,735 | $20,820 |
| Net Operating Income (NOI) | $1,735 | $20,820 |
| Capitalization Rate | 0.40% | 4.84% |
