394 St. Thomas Line
Paradise, NL, A1L3P6
3 Beds | 2 Baths
$335,000
About the property (MLS: 1284421):
A rare find in today's market. Welcome to 394 St. Thomas Line nestled on nearly a full acre lot in a highly sought after area of Paradise. This home features 2 generous sized bedrooms on the main with a large kitchen/dining area, a large family room & the main bath. Downstairs you will find an in-law apartment with an open concept living space, one bedroom, a 3-piece bathroom, and an additional room that could be used as an office or storage. The exterior door to the in-law apartment has a paved wheelchair ramp to help with any ageing or mobility inhibited family members. Also in the basement there is a large laundry/utility room that could be re-configured to have a generous side recroom. Outside you will find a yard that provides an abundance of privacy, a large back deck & a covered front deck. The 20x30 detached garage is wired and has 10 foot ceilings and there is there is loads of parking for all your vehicles. All of this and also on municipal water and sewer, built in 1989 with 2x6 walls, pre-engineered roof trusses, and 2400 sq feet of living space. Close to shopping, restaurants, grocery stores, pharmacies, convenience stores, walking trails, and just minutes from Lauries beach. Perfect for active lifestyles and family-friendly living. Explore the possibilities this delightful property presents and all that Paradise has to offer! As per Sellers Direction, No presentation of offers until 1:00pm May 5th, 2025, offer to open till 6pm. (id:56688)
Property Details
Listing ID: 28240238
Address: 394 St. Thomas Line, Paradise, Newfoundland & Labrador, Canada A1L3P6
Status: Active
Last updated: 20 days ago ( May 1, 2025 )
Year Built: 1989
Property Type: Single Family
Architectural Style: Bungalow
Structure Type: Two Apartment House
Ownership Type: Freehold
Number of stories: 1
Number of Levels: 1
Beds: 3
Baths: 2
1/2 Baths: 0
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Mixed Flooring
Living Area Total: 2,400 square feet
Price per sq ft: $140
Tax Annual Amount: $2,122
Garage? Yes
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Washer, Refrigerator, Stove, Dryer
Water Source: Municipal water
Foundation Details: Concrete
Heating: Baseboard heaters, Electric
Flooring: Mixed Flooring
Exterior Features: Wood shingles, Vinyl siding
Cooling: Air exchanger
Common Interest: Freehold
Number of photos available: 43
Rurl
Coordinates: [47.559988, -52.892349]
Rooms
| Other | Not known | 20x30 null |
| Basement | Laundry room Bath (# pieces 1-6) Not known Not known | 20x28x12x14 null 3 piece null 9.6x13.5 null 13.5x17 null |
| Main level | Bath (# pieces 1-6) Bedroom Primary Bedroom Living room Dining room Kitchen | 3 piece null 10x14 null 14x14 null 14x19 null 12.3x14.5 null 8x12 null |
Basic Calculator
First Mortgage: $268,000
Mortgage insurance premium: $0
Total Financing: $268,000
Rough closing fee (1.5%): ~ $5,025
Total downpayment with estimated closing fee: $72,025
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,640 | $31,680 |
| Gross rental income (income/principal ratio) | 0.788% | 9.457% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $419 | $5,028 |
| Vacancy | $132 | $1,584 |
| Management Fee | $212 | $2,535 |
| Expense / Income Ratio | 15.87% | 15.87% |
| Cash Flow | $1,878 | $22,536 |
| Net Operating Income (NOI) | $1,878 | $22,536 |
| Capitalization Rate | 0.56% | 6.73% |
