32 Fred W Brown Drive
Paradise, NL, A1L0W1
5 Beds | 3 Baths
$539,900
About the property (MLS: 1285836):
Located in a family friendly Paradise neighbourhood, 32 Fred W Brown Drive is the latest 2-apartment home to hit the market ready for new owners! The main unit of this split entry bungalow features an enclosed foyer leading into an open concept design with hardwood and ceramic flooring, stainless steel appliances, and large centre island. The main floor also locates 3 bedrooms and main bathroom as well as a primary ensuite. The attached garage offers ideal storage for vehicles, seasonal items, or anything else you may need. The main unit is vacant and can accommodate quick possession -- get in before SUMMER! The 2 bedroom apartment is the perfect mortgage helper with above ground entry and is currently occupied by tenants who would love to stay! Rented for $1350 POU! This property isn't your typical two apartment home as it comes with upgraded finishes including hardwood and ceramic floors, hardwood stairs, front porch, fenced rear yard, greenbelt and ample parking! Nestled on a quiet street near Octagon Pond, this home has plenty of amenities at your fingertips & would make an ideal family home or investment property. As per attached Seller's Direction, there will be no conveyance of offers prior to 9:30am on Thursday June 5th, with offers to remain open until 2pm the same day. (id:56688)
Property Details
Listing ID: 28402480
Address: 32 Fred W Brown Drive, Paradise, Newfoundland & Labrador, Canada A1L0W1
Status: Active
Last updated: 18 days ago ( Jun 2, 2025 )
Year Built: 2016
Property Type: Single Family
Structure Type: Two Apartment House
Ownership Type: Freehold
Beds: 5
Baths: 3
1/2 Baths: 0
Heating: Electric
Sewer: Municipal sewage system
Flooring: Other
Fencing: Fence
Living Area Total: 2,408 square feet
Price per sq ft: $225
Tax Annual Amount: $2,654
Tax Year: 2025
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Refrigerator, Dishwasher
Water Source: Municipal water
Foundation Details: Concrete
Heating: Electric
Flooring: Other
Exterior Features: Vinyl siding
Cooling: Air exchanger
Common Interest: Freehold
Number of photos available: 25
Rurl
Coordinates: [47.533876, -52.876943]
Rooms
| Basement | Bath (# pieces 1-6) Not known Not known Not known | 5.11x7.7 null 10x10 null 11.2x11.2 null 17.8x13.2 null |
| Main level | Dining room Bath (# pieces 1-6) Bedroom Bedroom Ensuite Primary Bedroom Kitchen Living room | 13x10.3 null 4PC null 8.11x12 null 8.11x12 null 3PC null 12x14 null 18.8x14 null 11.7x12.11 null |
Basic Calculator
First Mortgage: $431,920
Mortgage insurance premium: $0
Total Financing: $431,920
Rough closing fee (1.5%): ~ $8,099
Total downpayment with estimated closing fee: $116,079
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,649 | $31,788 |
| Gross rental income (income/principal ratio) | 0.491% | 5.888% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $675 | $8,100 |
| Vacancy | $133 | $1,590 |
| Management Fee | $212 | $2,544 |
| Expense / Income Ratio | 25.48% | 25.48% |
| Cash Flow | $1,630 | $19,560 |
| Net Operating Income (NOI) | $1,630 | $19,560 |
| Capitalization Rate | 0.30% | 3.62% |
