63 Trenton Drive
Paradise, NL, A1L4B7
5 Beds | 3 Baths
$659,000
About the property (MLS: 1284340):
Modern Comfort Meets Serene Pondside Living! Welcome to your brand-new, two-apartment bungalow in the heart of Paradise, NL, overlooking the picturesque Octagon Pond. This stunning home offers the perfect blend of style, functionality, and investment potential with the two-bedroom walkout basement apt. Step inside to discover a bright, open-concept living space, designed for effortless entertaining and cozy family moments. The main unit boasts spacious bedrooms, sleek finishes, and a modern kitchen with high-end appliances. Large windows flood the home with natural light, offering breathtaking pond views. The self-contained apartment is ideal for rental income or extended family, featuring its own private entrance, full kitchen, and comfortable living space. Construction has started and plenty of time to choose finishes. Outside, enjoy peaceful waterfront strolls, nearby parks, and all the conveniences of Paradise. With double paved driveways, landscaped grounds, and a stylish patio, this home is truly move-in ready. Your dream home awaits—don’t miss this rare opportunity! Generous allowances for kitchen, cabinets, flooring and lighting, single head mini split heat pump is included and there will be an 8 year LUX New Home Warranty. Purchase price includes HST with rebate back to the builder. (id:56688)
Property Details
Listing ID: 28233177
Address: 63 Trenton Drive, Paradise, Newfoundland & Labrador, Canada A1L4B7
Status: Active
Last updated: 21 days ago ( Apr 30, 2025 )
Year Built: 2025
Property Type: Single Family
Architectural Style: Bungalow
Structure Type: Two Apartment House
Ownership Type: Freehold
View: View
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
Living Area Total: 2,760 square feet
Price per sq ft: $239
Tax Annual Amount: $0
Garage? Yes
Attached Garage? Yes
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Foundation Details: Concrete
Heating: Baseboard heaters, Electric
Flooring: Laminate, Other
Exterior Features: Vinyl siding
Cooling: Air exchanger
Common Interest: Freehold
Number of photos available: 1
Rurl
Coordinates: [47.523901, -52.88823]
Rooms
| Basement | Living room/Dining room Den Bath (# pieces 1-6) Bedroom Bedroom | 21.11""x9 null 20.9""x12.7"" null 3pc 10.9""x9.11"" null 12.0x8.9"" null |
| Main level | Bedroom Bedroom Ensuite Primary Bedroom Bath (# pieces 1-6) Eating area Living room Kitchen | 11'8x10 null 11'8x10 null 3pc 13'3x11'8 null 3pc 17x9 null 20x13'2 null 16'10x10 null |
Basic Calculator
First Mortgage: $527,200
Mortgage insurance premium: $0
Total Financing: $527,200
Rough closing fee (1.5%): ~ $9,885
Total downpayment with estimated closing fee: $141,685
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $3,037 | $36,444 |
| Gross rental income (income/principal ratio) | 0.461% | 5.530% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $824 | $9,888 |
| Vacancy | $152 | $1,823 |
| Management Fee | $243 | $2,916 |
| Expense / Income Ratio | 27.13% | 27.13% |
| Cash Flow | $1,819 | $21,828 |
| Net Operating Income (NOI) | $1,819 | $21,828 |
| Capitalization Rate | 0.28% | 3.31% |
