26-28 Ridge Road
Chapels Cove, NL, A1A1V0
4 Beds | 6 Baths
$999,000
About the property (MLS: 1282500):
This stunning estate-style property is located on a pond and just a 5-minute walk to the ocean. A private1.39-acre lot in the heart of the quaint community of Chapel's Cove, just 35 minutes from the city of St. John’s. With meticulous attention to detail, quality construction and a focus on energy efficiency, it is difficult to find a property that will compare. This stylish home is versatile for both entertaining and family life. The main floor features an expansive great room with a pp fireplace and panoramic views of the water. It encompasses a spacious sitting area and a dining room comfortably seating twelve. An elegant powder room for guests and a fabulous gourmet KIT with a walk-in pantry which will delight any chef. The spacious primary BDRM is complete with a spa-inspired ensuite and large walk-in closet. The beautiful solid walnut staircase opens to the lower level with its impressive entertainment RM with a custom-built bar fully equipped with KIT appliances. In addition to the pp fireplace and beautiful mantel, the detailed millwork which encompasses this room is absolutely stunning and provides the various seating areas a comfortable yet elegant relaxing atmosphere. This room presents as open concept yet offers various sections, such as a conversation pit, a dining area, cards or gaming area, and sit-up bar. Three additional BDRMS each with full ensuites are located on this lower level. The geo-thermal heat pump provides energy efficient heating and air conditioning. (Very Low elec bills) Additionally, a unique playhouse is located down by the water, perfect for young kids & visiting grandchildren. There is also a firepit in this area overlooking the pond…. great for outdoor summer evenings & roasting marshmallows. The quality finishes and features offered in this property are second to none! See Feature sheet for additional details **This property is offered furnished (owner will be removing personal items.. A list to be provided to purchaser) (id:56688)
Property Details
Listing ID: 28038073
Address: 26-28 Ridge Road, Chapels Cove, Newfoundland & Labrador, Canada A1A1V0
Status: Active
Last updated: a month ago ( Mar 18, 2025 )
Year Built: 2014
Property Type: Single Family
Architectural Style: Bungalow
Structure Type: House
Ownership Type: Freehold
View: View
Number of stories: 1
Number of Levels: 1
Beds: 4
Baths: 6
1/2 Baths: 2
Sewer: Septic tank
Living Area Total: 4,095 square feet
Price per sq ft: $244
Tax Annual Amount: $2,400
Tax Year: 2005
Garage? Yes
Attached Garage? Yes
Carport? No
Open Parking? No
Garage Spaces: 2
Waterfront? No
Pool? No
Appliances: Dishwasher, Alarm System, Wet Bar
Fireplace Features: Insert, Propane
Cooling: Central air conditioning
Common Interest: Freehold
Number of photos available: 50
Rurl
Coordinates: [47.430827, -53.138671]
Rooms
| Lower level | Utility room Ensuite Bedroom Ensuite Bedroom Bath (# pieces 1-6) Ensuite Bedroom Games room | 13'0 x 10'6 null 6'4 x 6'5 null 13'0 x 14'6 null 6'2 x 5'9 null 13'0 x 12'10 null 5'9 x 5'5 null 8'8 x 5'3 null 15'3 x 13'10 null 30'2 x 39'10 null |
| Main level | Not known Porch Bath (# pieces 1-6) Laundry room Ensuite Other Primary Bedroom Not known Not known Living room/Dining room Foyer | 19 x 26'2 null 7'10 x 17'8 null 2pc 13/2 x 10'1 null 8'11 x 11'2 null 17'4 x '5 null 13'9 x 24'5 null 9'11 x 7'8 null 15'7 x 13'9 null 39.7 x 32'9 null 7.9 x 13'9 null |
Basic Calculator
First Mortgage: $799,200
Mortgage insurance premium: $0
Total Financing: $799,200
Rough closing fee (1.5%): ~ $14,985
Total downpayment with estimated closing fee: $214,785
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $4,505 | $54,060 |
| Gross rental income (income/principal ratio) | 0.451% | 5.411% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $1,249 | $14,988 |
| Vacancy | $226 | $2,703 |
| Management Fee | $361 | $4,325 |
| Expense / Income Ratio | 27.72% | 27.72% |
| Cash Flow | $2,671 | $32,052 |
| Net Operating Income (NOI) | $2,671 | $32,052 |
| Capitalization Rate | 0.27% | 3.21% |
