88 Trenton Drive
Paradise, NL, A1L4B8
4 Beds | 4 Baths
$609,900
About the property (MLS: 1285637):
Registered 2 apartment in Paradise's newest subdivision, Emerald Ridge, located in the ever popular and sought after Octagon Pond area and within walking distance to schools, trails and amenities. Sitting on a deep lot with views of Octagon Pond, this contemporary two-storey, 4 bed, 3.5 bath two apartment home has a great open concept main floor layout with formal living room with access to the back patio, half bath, kitchen with large island, and separate dining room. The second floor has the primary bedroom, that will have a full view of Octagon Pond, is spacious with a walk-in closet and full ensuite, a second full bath, 2 additional bedrooms and 2nd floor laundry. The basement will be a 1 bedroom, 1 bathroom fully finished apartment with laundry and storage. The exterior will have a covered front entry, double paved driveway and front landscaping included. Single head mini split and 8 year LUX New Home Warranty included. Purchase price includes HST with rebate back to the builder. (id:56688)
Property Details
Listing ID: 28378939
Address: 88 Trenton Drive, Paradise, Newfoundland & Labrador, Canada A1L4B8
Status: Active
Last updated: 23 days ago ( May 28, 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: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Laminate, Carpeted
Living Area Total: 2,283 square feet
Price per sq ft: $268
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
Foundation Details: Concrete
Heating: Baseboard heaters, Electric
Flooring: Laminate, Carpeted
Exterior Features: Vinyl siding
Cooling: Air exchanger
Common Interest: Freehold
Number of photos available: 4
Rurl
Coordinates: [47.52389, -52.888608]
Rooms
| Basement | Bath (# pieces 1-6) Not known Not known Bedroom | 4pc 12'1x9 null 12'5x12'1 null 9'10x9'8 null |
| Second level | Bath (# pieces 1-6) Laundry room Bedroom Bedroom Ensuite Primary Bedroom | 4pc 9'5x5'10 null 13'3x9'5 null 13'3x10'9 null 3pc 13'4x13'10 null |
| Main level | Porch Bath (# pieces 1-6) Living room Dining room Kitchen | 12'8x 7'7 null 2pc 13'4x 13'3 null 12'8x 11'6 null 13'3x 12'8 null |
Basic Calculator
First Mortgage: $487,920
Mortgage insurance premium: $0
Total Financing: $487,920
Rough closing fee (1.5%): ~ $9,149
Total downpayment with estimated closing fee: $131,129
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,512 | $30,144 |
| Gross rental income (income/principal ratio) | 0.412% | 4.942% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $763 | $9,156 |
| Vacancy | $126 | $1,508 |
| Management Fee | $201 | $2,412 |
| Expense / Income Ratio | 30.37% | 30.37% |
| Cash Flow | $1,423 | $17,076 |
| Net Operating Income (NOI) | $1,423 | $17,076 |
| Capitalization Rate | 0.23% | 2.80% |
