86 Trenton Drive
Paradise, NL, A1L4B8
3 Beds | 3 Baths
$449,900
About the property (MLS: 1284509):
Welcome to 86 Trenton Dr. This fabulous, brand new, 2-apartment home is brought to you by award winning Viking Carpentry & Construction. The main floor boasts a spacious, open concept living room, dining, and kitchen area, along with 2 bedrooms, with primary built to include ensuite, and the main bathroom. Downstairs locates a rec room & laundry for the main unit. The one bedroom basement apartment has ample space with its own open concept design featuring eat-in kitchen, living room, bathroom, and laundry. Perfect for the first time buyer or investor, this is a great opportunity to get into a new build with a mortgage helping apartment below! (id:56688)
Property Details
Listing ID: 28251256
Address: 86 Trenton Drive, Paradise, Newfoundland & Labrador, Canada A1L4B8
Status: Active
Last updated: 18 days ago ( May 2, 2025 )
Year Built: 2025
Property Type: Single Family
Architectural Style: 2 Level
Structure Type: Two Apartment House
Ownership Type: Freehold
Beds: 3
Baths: 3
1/2 Baths: 0
Heating: Electric
Sewer: Municipal sewage system
Flooring: Mixed Flooring
Living Area Total: 1,816 square feet
Price per sq ft: $248
Tax Annual Amount: $0
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Heating: Electric
Flooring: Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 1
Rurl
Coordinates: [47.524755, -52.888402]
Rooms
| Basement | Bath (# pieces 1-6) Not known Not known Not known Recreation room | 4 pcs 11.4 x 12 null 12 x 11.10 null 11.11 x 11.10 null 20.2 x 10.2 null |
| Main level | Bath (# pieces 1-6) Bedroom Ensuite Primary Bedroom Living room Not known | 4 pcs 12.4 x 10.2 null 3 pcs 12.10 x 10.4 null 11.10 x 11.10 null 17.4 x 11.10 null |
Basic Calculator
First Mortgage: $359,920
Mortgage insurance premium: $0
Total Financing: $359,920
Rough closing fee (1.5%): ~ $6,749
Total downpayment with estimated closing fee: $96,729
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $1,998 | $23,976 |
| Gross rental income (income/principal ratio) | 0.444% | 5.329% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $563 | $6,756 |
| Vacancy | $100 | $1,199 |
| Management Fee | $160 | $1,919 |
| Expense / Income Ratio | 28.18% | 28.18% |
| Cash Flow | $1,176 | $14,112 |
| Net Operating Income (NOI) | $1,176 | $14,112 |
| Capitalization Rate | 0.26% | 3.14% |
