241 Paradise Road
Paradise, NL, A1L2W3
3 Beds | 1 Bath
$249,900
About the property (MLS: 1284198):
Perfect for First-Time Buyers or Downsizers – A Sweet Paradise Retreat Searching for your first home? Ready to downsize without compromise? Welcome to this beautifully maintained gem tucked away in the heart of Paradise — offering charm, comfort, and true affordability. This delightful three-bedroom home welcomes you with a bright, airy kitchen and a warm, cozy living space — all thoughtfully laid out on one convenient level, including the laundry. No stairs, no fuss — just easy, peaceful living. The property boasts a large, sun-kissed lot with a rare advantage: direct access from Archibald Street, not the busy Paradise Road, ensuring effortless comings and goings every day. A home that has been lovingly cared for, where every detail speaks of pride and ease — ready for its next chapter with you. Opportunities like this don’t linger — step into your future before someone else does. No conveyance of offers until Friday May 9th at 9am. All offers to be left open until 11am, May 9th. Please book on Broker Bay (id:56688)
Property Details
Listing ID: 28265070
Address: 241 Paradise Road, Paradise, Newfoundland & Labrador, Canada A1L2W3
Status: Active
Last updated: 7 days ago ( May 7, 2025 )
Year Built: 1960
Property Type: Single Family
Architectural Style: Bungalow
Structure Type: House
Ownership Type: Freehold
Number of stories: 1
Number of Levels: 1
Beds: 3
Baths: 1
1/2 Baths: 0
Heating: Hot water radiator heat, Radiant heat
Sewer: Municipal sewage system
Flooring: Mixed Flooring
Living Area Total: 1,005 square feet
Price per sq ft: $249
Tax Annual Amount: $1,558
Tax Year: 2025
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer
Water Source: Municipal water
Foundation Details: Block
Heating: Hot water radiator heat, Radiant heat
Flooring: Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 34
Rurl
Coordinates: [47.542609, -52.879857]
Rooms
| Main level | Laundry room Primary Bedroom Bedroom Bedroom Kitchen Bath (# pieces 1-6) Living room | 6.2 x 5.11 null 17.3 x 9.8 null 10 x 9.8 null 9.1 x 9.8 null 17.7 x 10 null B4 null 241 x 12.7 null |
Basic Calculator
First Mortgage: $199,920
Mortgage insurance premium: $0
Total Financing: $199,920
Rough closing fee (1.5%): ~ $3,749
Total downpayment with estimated closing fee: $53,729
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $1,106 | $13,272 |
| Gross rental income (income/principal ratio) | 0.443% | 5.311% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $313 | $3,756 |
| Vacancy | $56 | $664 |
| Management Fee | $89 | $1,062 |
| Expense / Income Ratio | 28.30% | 28.30% |
| Cash Flow | $650 | $7,800 |
| Net Operating Income (NOI) | $650 | $7,800 |
| Capitalization Rate | 0.26% | 3.12% |
