81 Stormont Street
Paradise, NL, A1L0H2
4 Beds | 3 Baths
$541,000
About the property (MLS: 1284312):
Construction to start soon on 81 Stormont Street, a beautifully designed split-entry bungalow nestled in the heart of Paradise. This brand-new home will offer exceptional value and versatility, featuring a 2-bedroom basement apartment—perfect for extended family or rental income. The main level boasts an open-concept layout ideal for modern living, with a bright and spacious living room flowing seamlessly into the dining area and kitchen. The primary bedroom includes a walk-in closet and a private 3-piece ensuite, providing a peaceful retreat. Enjoy peace of mind with an 8-Year Lux Home Warranty and the convenience of front landscaping, eavestrough installation, and a double paved driveway. Whether you're looking for a home with income potential or space for your growing family, 81 Stormont Street offers the perfect combination of style, comfort, and functionality in one of Paradise’s most sought-after neighborhoods. (id:56688)
Property Details
Listing ID: 28234457
Address: 81 Stormont Street, Paradise, Newfoundland & Labrador, Canada A1L0H2
Status: Active
Last updated: 20 days ago ( Apr 30, 2025 )
Year Built: 2025
Property Type: Single Family
Architectural Style: Bungalow
Structure Type: Two Apartment House
Ownership Type: Freehold
Number of stories: 1
Number of Levels: 1
Beds: 4
Baths: 3
1/2 Baths: 0
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Mixed Flooring
Living Area Total: 2,144 square feet
Price per sq ft: $253
Tax Annual Amount: $0
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
Flooring: Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 1
Rurl
Coordinates: [47.534802, -52.880192]
Rooms
| Basement | Bath (# pieces 1-6) Not known Not known Not known Not known Laundry room | 4pcs 12.10 x 14.1 null 14.6 x 12.2 null 10.6 x 12.10 null 17 x 14.6 null 9 x 12.2 null |
| Main level | Ensuite Bath (# pieces 1-6) Bedroom Primary Bedroom Living room Kitchen | 3pcs 4pcs 9.4 x 12.8 null 17 x 11.6 null 12.8 x 16.10 null 12.4 x 19.10 null |
Basic Calculator
First Mortgage: $432,800
Mortgage insurance premium: $0
Total Financing: $432,800
Rough closing fee (1.5%): ~ $8,115
Total downpayment with estimated closing fee: $116,315
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,359 | $28,308 |
| Gross rental income (income/principal ratio) | 0.436% | 5.233% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $677 | $8,124 |
| Vacancy | $118 | $1,416 |
| Management Fee | $189 | $2,265 |
| Expense / Income Ratio | 28.70% | 28.70% |
| Cash Flow | $1,376 | $16,512 |
| Net Operating Income (NOI) | $1,376 | $16,512 |
| Capitalization Rate | 0.25% | 3.05% |
