83 Trenton Drive
Paradise, NL, A1L4B7
4 Beds | 4 Baths
$684,900
About the property (MLS: 1284697):
Welcome to your dream home! This stunning 2-storey home backing onto Octagon Pond is brought to you by award winning Viking Carpentry & Construction, the perfect setting for your new beginnings. This home has an open-concept layout that maximizes space and natural light. Featuring 3 bedrooms with primary including ensuite and walk-in closet on the second floor and the convenience of second floor laundry. The one bedroom basement apartment offers the potential to supplement your mortgage (id:56688)
Property Details
MLS: 1284697
Listing ID: 28267858
Address: 83 Trenton Drive, Paradise, Newfoundland & Labrador, Canada A1L4B7
Status: Active
Last updated: 14 days ago ( May 6, 2025 )
Year Built: 2025
Property Type: Single Family
Architectural Style: 2 Level
Structure Type: Two Apartment House
Ownership Type: Freehold
Beds: 4
Baths: 4
1/2 Baths: 1
Heating: Electric
Sewer: Municipal sewage system
Flooring: Mixed Flooring
Living Area Total: 1,851 square feet
Price per sq ft: $371
Tax Annual Amount: $0
Garage? Yes
Attached Garage? Yes
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Foundation Details: Poured Concrete
Heating: Electric
Flooring: Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 1
Rurl
Coordinates: [47.524342, -52.888611]
Listing ID: 28267858
Address: 83 Trenton Drive, Paradise, Newfoundland & Labrador, Canada A1L4B7
Status: Active
Last updated: 14 days ago ( May 6, 2025 )
Year Built: 2025
Property Type: Single Family
Architectural Style: 2 Level
Structure Type: Two Apartment House
Ownership Type: Freehold
Beds: 4
Baths: 4
1/2 Baths: 1
Heating: Electric
Sewer: Municipal sewage system
Flooring: Mixed Flooring
Living Area Total: 1,851 square feet
Price per sq ft: $371
Tax Annual Amount: $0
Garage? Yes
Attached Garage? Yes
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Foundation Details: Poured Concrete
Heating: Electric
Flooring: Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 1
Rurl
Coordinates: [47.524342, -52.888611]
Rooms
| Second level | Bath (# pieces 1-6) Bedroom Bedroom Ensuite Primary Bedroom | 4 pcs 10 x 11 null 10 x 11 null 5 pcs 13.8 x 14.2 null |
| Main level | Bath (# pieces 1-6) Kitchen Living room | 2 pcs 11 x 20 null 14.6 x 20 null |
Basic Calculator
First Mortgage: $547,920
Mortgage insurance premium: $0
Total Financing: $547,920
Rough closing fee (1.5%): ~ $10,274
Total downpayment with estimated closing fee: $147,254
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,037 | $24,444 |
| Gross rental income (income/principal ratio) | 0.297% | 3.569% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $857 | $10,284 |
| Vacancy | $102 | $1,223 |
| Management Fee | $163 | $1,956 |
| Expense / Income Ratio | 42.07% | 42.07% |
| Cash Flow | $916 | $10,992 |
| Net Operating Income (NOI) | $916 | $10,992 |
| Capitalization Rate | 0.13% | 1.60% |
Capitalization Rate: 1.60%
After-repair value (ARV) (This is a rule for purchasing and flipping distressed real estate for a profit, which states that the purchase price should be less than 70% of after-repair value (ARV) minus repair costs (rehab).): $978,429
