81 Stormont Street
Paradise, NL, A1L0H2
2 Beds | 2 Baths
$489,000
About the property (MLS: 1284310):
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. 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: 28234999
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: House
Ownership Type: Freehold
Number of stories: 1
Number of Levels: 1
Beds: 2
Baths: 2
1/2 Baths: 0
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Mixed Flooring
Lot Size Area: 450.6
Living Area Total: 2,128 square feet
Price per sq ft: $230
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: Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 1
Rurl
Coordinates: [47.534831, -52.880278]
Rooms
| Lower level | Laundry room | 9.8 x 12.2 null |
| Main level | Bath (# pieces 1-6) Ensuite Bedroom Bedroom Living room Kitchen | 4 pc 3 pcs 16.11 x 11.6 null 9.4 12.7 null 12.7 x 16.6 null 19.10 x 14.4 null |
Basic Calculator
First Mortgage: $391,200
Mortgage insurance premium: $0
Total Financing: $391,200
Rough closing fee (1.5%): ~ $7,335
Total downpayment with estimated closing fee: $105,135
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,341 | $28,092 |
| Gross rental income (income/principal ratio) | 0.479% | 5.745% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $612 | $7,344 |
| Vacancy | $118 | $1,405 |
| Management Fee | $188 | $2,248 |
| Expense / Income Ratio | 26.14% | 26.14% |
| Cash Flow | $1,425 | $17,100 |
| Net Operating Income (NOI) | $1,425 | $17,100 |
| Capitalization Rate | 0.29% | 3.50% |
