285 Lanark Drive
Paradise, NL, A1L0T5
3 Beds | 3 Baths
$599,900
About the property (MLS: 1285106):
This beautiful and modern spacious family home is about to begin construction by Blueprint Homes. With an open concept main floor that features a large kitchen with a sit up island, living and dining areas and a 7x4 walk-in pantry with ample shelving. There is a 2 piece powder room with a pedestal sink PLUS a 13x12 bonus room on the back. This room works great as a family room, a home office, the kids playroom or a gym! Upstairs there are 3 bedrooms, where the primary bedroom has an ensuite and a walk-around closet with shelving and storage. There is another full washroom, a linen closet and the laundry closet with a shelf. The attached garage is 13x27 - nice and spacious for your car and all your stuff - plus rear yard access! There is still time to pick finishes and completion is slated for November. Let's make this your new beautiful home! Close to schools, walking trails, the rec center in Paradise and so much more! (id:56688)
Property Details
Listing ID: 28333612
Address: 285 Lanark Drive, Paradise, Newfoundland & Labrador, Canada A1L0T5
Status: Active
Last updated: a month ago ( May 20, 2025 )
Year Built: 2025
Property Type: Single Family
Architectural Style: 2 Level
Structure Type: House
Ownership Type: Freehold
Number of stories: 2
Number of Levels: 2
Beds: 3
Baths: 3
1/2 Baths: 1
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Other, Mixed Flooring
Living Area Total: 2,824 square feet
Price per sq ft: $213
Tax Annual Amount: $0
Tax Year: 2025
Garage? Yes
Attached Garage? Yes
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Heating: Baseboard heaters, Electric
Flooring: Other, Mixed Flooring
Exterior Features: Wood shingles, Vinyl siding
Cooling: Air exchanger
Common Interest: Freehold
Number of photos available: 1
Rurl
Coordinates: [47.535834, -52.88167]
Rooms
| Second level | Bath (# pieces 1-6) Ensuite Bedroom Bedroom Primary Bedroom | 9x5.4 null 9x5.3 null 10.7x9.5 null 10x11.7 null 14.3x11.6 null |
| Main level | Bath (# pieces 1-6) Not known Living room Kitchen Dining room | 7.1x3.2 null 13 x 12.10 null 13.8x12.4 null 13.6x14.9 null 14.6x9.11 null |
Basic Calculator
First Mortgage: $479,920
Mortgage insurance premium: $0
Total Financing: $479,920
Rough closing fee (1.5%): ~ $8,999
Total downpayment with estimated closing fee: $128,979
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $3,107 | $37,284 |
| Gross rental income (income/principal ratio) | 0.518% | 6.215% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $750 | $9,000 |
| Vacancy | $156 | $1,865 |
| Management Fee | $249 | $2,983 |
| Expense / Income Ratio | 24.14% | 24.14% |
| Cash Flow | $1,954 | $23,448 |
| Net Operating Income (NOI) | $1,954 | $23,448 |
| Capitalization Rate | 0.33% | 3.91% |
