133 Paradise Road
Paradise, NL, A1L2Y4
2 Beds | 2 Baths
$240,000
About the property (MLS: 1284077):
Charming Home with Endless Potential! Welcome to 133 Paradise Road – a spacious and versatile property nestled in the heart of Paradise. This well-maintained home offers incredible value and plenty of room for families, hobbyists, or anyone looking to create a two-apartment or in-law suite with minimal work. The main floor features a bright and airy layout with two comfortable bedrooms, a full bathroom, a convenient laundry room, a spacious living room, and an eat-in kitchen perfect for family meals and gatherings. Downstairs, the fully developed basement adds even more living space with a large rec room, complete with a cozy wood stove and bar area – ideal for entertaining. There's also a private office (which could serve as a third bedroom with the addition of an egress window), a workshop for DIY enthusiasts, and a kitchenette, making this a great candidate for a secondary suite. Outside, the extra-deep lot (over 220 feet!) is lined with mature trees offering privacy and tranquility. A storage shed adds convenience for tools or outdoor gear. With excellent bones and layout, this property is a fantastic opportunity for a growing family, investor, or someone seeking a multigenerational home setup. Priced to sell and packed with potential – this is a true gem in today’s market! Don’t miss your chance to view this great property! Sellers Direction in place for commencement of offers on April 27, 2025. (id:56688)
Property Details
Listing ID: 28204037
Address: 133 Paradise Road, Paradise, Newfoundland & Labrador, Canada A1L2Y4
Status: Active
Last updated: 16 days ago ( Apr 28, 2025 )
Year Built: 1962
Property Type: Single Family
Architectural Style: Bungalow
Structure Type: House
Ownership Type: Freehold
Number of stories: 1
Number of Levels: 1
Beds: 2
Baths: 2
1/2 Baths: 1
Heating: Baseboard heaters, Electric, Wood
Sewer: Municipal sewage system
Flooring: Laminate, Mixed Flooring
Living Area Total: 1,950 square feet
Price per sq ft: $124
Tax Annual Amount: $1,230
Tax Year: 2025
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Foundation Details: Concrete
Heating: Baseboard heaters, Electric, Wood
Flooring: Laminate, Mixed Flooring
Fireplace Features: Wood, Woodstove
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 31
Rurl
Coordinates: [47.538004, -52.872114]
Rooms
| Basement | Workshop Bath (# pieces 1-6) Office Recreation room | 10x11 null 2pc 10x10 null 15x18 null |
| Main level | Laundry room Bath (# pieces 1-6) Kitchen Living room Bedroom Primary Bedroom | 7x9 null 4pc 10x14 null 10x18 null 9x9 null 10x15 null |
Basic Calculator
First Mortgage: $192,000
Mortgage insurance premium: $0
Total Financing: $192,000
Rough closing fee (1.5%): ~ $3,600
Total downpayment with estimated closing fee: $51,600
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,145 | $25,740 |
| Gross rental income (income/principal ratio) | 0.894% | 10.725% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $300 | $3,600 |
| Vacancy | $108 | $1,287 |
| Management Fee | $172 | $2,060 |
| Expense / Income Ratio | 13.99% | 13.99% |
| Cash Flow | $1,567 | $18,804 |
| Net Operating Income (NOI) | $1,567 | $18,804 |
| Capitalization Rate | 0.65% | 7.83% |
