56 Seascape Drive
Paradise, NL, A1L0Z3
5 Beds | 3 Baths
$485,000
About the property (MLS: 1283990):
Nestled in the sought-after Paradise Ridge subdivision. This well-maintained open concept home comes freshly painted and with new laminate flooring. The basement comes fully developed with a large rec room and basement apartment—an ideal setup for multi-generational living, guests, or rental income. What really makes this property stand out is its backyard that opens directly onto a peaceful wooded area—offering privacy, tranquility, and the feeling of being tucked away in nature, right from your doorstep. You'll also love the scenic walking trails just minutes away, perfect for daily strolls or weekend hikes, gorgeous beaches nearby for those warm summer days or quiet coastal escapes and a daycare right in the neighbourhood, making life easier for families with young children. Whether you’re looking for a home with income potential or a peaceful spot that blends convenience with natural beauty, this one delivers. Don’t miss your chance to live in one of Paradise’s most welcoming and well-located family communities! (id:56688)
Property Details
Listing ID: 28201134
Address: 56 Seascape Drive, Paradise, Newfoundland & Labrador, Canada A1L0Z3
Status: Active
Last updated: 4 days ago ( May 12, 2025 )
Year Built: 2013
Property Type: Single Family
Architectural Style: Bungalow
Structure Type: Two Apartment House
Ownership Type: Freehold
Number of stories: 1
Number of Levels: 1
Beds: 5
Baths: 3
1/2 Baths: 0
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Laminate, Other, Ceramic Tile, Mixed Flooring
Living Area Total: 2,585 square feet
Price per sq ft: $188
Tax Annual Amount: $2,880
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
Foundation Details: Concrete, Poured Concrete
Heating: Baseboard heaters, Electric
Flooring: Laminate, Other, Ceramic Tile, Mixed Flooring
Exterior Features: Vinyl siding
Cooling: Air exchanger
Common Interest: Freehold
Number of photos available: 30
Rurl
Coordinates: [47.55534, -52.898273]
Rooms
| Basement | Not known Not known Bath (# pieces 1-6) Not known Not known Recreation room | 11' x 13'3"" null 12'2"" x 18' null 4pcs 9'6"" x 13'2"" null 9'8"" x 10'3"" null 10'7"" x 17'11"" null |
| Main level | Bath (# pieces 1-6) Not known Living room Bedroom Bedroom Ensuite Primary Bedroom | 4pcs 13'4"" x 18'7"" null 12'3"" x 17'9"" null 10' x 9'4"" null 8'11"" x 9'11"" null 3pcs 12'3"" x 11'11"" null |
Basic Calculator
First Mortgage: $388,000
Mortgage insurance premium: $0
Total Financing: $388,000
Rough closing fee (1.5%): ~ $7,275
Total downpayment with estimated closing fee: $104,275
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,844 | $34,128 |
| Gross rental income (income/principal ratio) | 0.586% | 7.037% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $607 | $7,284 |
| Vacancy | $143 | $1,707 |
| Management Fee | $228 | $2,731 |
| Expense / Income Ratio | 21.34% | 21.34% |
| Cash Flow | $1,868 | $22,416 |
| Net Operating Income (NOI) | $1,868 | $22,416 |
| Capitalization Rate | 0.39% | 4.62% |
