Lot 82 Trenton Drive
Paradise, NL, A1L4B8
3 Beds | 3 Baths
$450,000
About the property (MLS: 1283471):
Seize the chance to join a stunning new subdivision. This 2-apartment home in Paradise is ideal for your new chapter. The open-concept design of this home enhances space and natural light, featuring two main-floor bedrooms, including a primary suite with a three-piece ensuite. The finished apartment in the basement offers the potential for rental income. Reach out today to discover more about this exceptional opportunity and begin envisioning your dream home—your future starts here! (id:56688)
Property Details
MLS: 1283471
Listing ID: 28148349
Address: Lot 82 Trenton Drive, Paradise, Newfoundland & Labrador, Canada A1L4B8
Status: Active
Last updated: a month ago ( Apr 10, 2025 )
Year Built: 2025
Property Type: Single Family
Structure Type: Two Apartment House
Ownership Type: Freehold
Beds: 3
Baths: 3
1/2 Baths: 0
Heating: Electric
Sewer: Municipal sewage system
Flooring: Mixed Flooring
Living Area Total: 1,610 square feet
Price per sq ft: $280
Tax Annual Amount: $0
Garage? Yes
Attached Garage? Yes
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Foundation Details: Poured Concrete
Heating: Electric
Flooring: Mixed Flooring
Exterior Features: Vinyl siding
Cooling: Air exchanger
Common Interest: Freehold
Number of photos available: 1
Rurl
Coordinates: [47.524659, -52.892393]
Listing ID: 28148349
Address: Lot 82 Trenton Drive, Paradise, Newfoundland & Labrador, Canada A1L4B8
Status: Active
Last updated: a month ago ( Apr 10, 2025 )
Year Built: 2025
Property Type: Single Family
Structure Type: Two Apartment House
Ownership Type: Freehold
Beds: 3
Baths: 3
1/2 Baths: 0
Heating: Electric
Sewer: Municipal sewage system
Flooring: Mixed Flooring
Living Area Total: 1,610 square feet
Price per sq ft: $280
Tax Annual Amount: $0
Garage? Yes
Attached Garage? Yes
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Foundation Details: Poured Concrete
Heating: Electric
Flooring: Mixed Flooring
Exterior Features: Vinyl siding
Cooling: Air exchanger
Common Interest: Freehold
Number of photos available: 1
Rurl
Coordinates: [47.524659, -52.892393]
Rooms
| Basement | Bath (# pieces 1-6) Not known Not known Not known | 4 pcs 11.10 x 14.2 null 12 x 11.4 null 11.10 x 9.8 null |
| Main level | Bath (# pieces 1-6) Bedroom Ensuite Primary Bedroom Living room Not known | 4 pcs 11 x 10.2 null 3 pcs 12.10 x 10.4 null 11.10 x 15.2 null 17.4 x 11.10 null |
Basic Calculator
First Mortgage: $360,000
Mortgage insurance premium: $0
Total Financing: $360,000
Rough closing fee (1.5%): ~ $6,750
Total downpayment with estimated closing fee: $96,750
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $1,772 | $21,264 |
| Gross rental income (income/principal ratio) | 0.394% | 4.725% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $563 | $6,756 |
| Vacancy | $89 | $1,064 |
| Management Fee | $142 | $1,702 |
| Expense / Income Ratio | 31.77% | 31.77% |
| Cash Flow | $979 | $11,748 |
| Net Operating Income (NOI) | $979 | $11,748 |
| Capitalization Rate | 0.22% | 2.61% |
Capitalization Rate: 2.61%
After-repair value (ARV) (This is a rule for purchasing and flipping distressed real estate for a profit, which states that the purchase price should be less than 70% of after-repair value (ARV) minus repair costs (rehab).): $642,858
