89 Trenton Drive
Paradise, NL, A1L4B7
4 Beds | 2 Baths
$629,900
About the property (MLS: 1285914):
Beyond its breathtaking views, this property offers savvy buyers the perfect blend of upscale living and mortgage-offsetting income potential. The upper level showcases a thoughtfully crafted open-concept design where natural light pours through strategically placed windows, creating an ever-changing canvas of reflections from Octagon Pond. The heart of this 2-bedroom sanctuary features a kitchen anchored by a substantial island—perfect for both entertaining and everyday family gatherings. The adjoining dining space flows seamlessly to a raised patio through elegant sliding doors, while the enclosed porch provides the perfect morning coffee spot overlooking the water. Basement apt to offset mortgage costs. The layout naturally accommodates two well-sized bedrooms, a full bathroom, a separate kitchen, and a living area. Premium rents potential with walkout basement to water views and trailside. Generous allowances for kitchen, cabinets, flooring and lighting and a single head mini split heat pump are included, and there will be an 8-year LUX New Home Warranty. The purchase price includes HST with a rebate credited back to the builder. (id:56688)
Property Details
Listing ID: 28407644
Address: 89 Trenton Drive, Paradise, Newfoundland & Labrador, Canada A1L4B7
Status: Active
Last updated: 17 days ago ( Jun 3, 2025 )
Year Built: 2025
Property Type: Single Family
Architectural Style: 2 Level
Structure Type: Two Apartment House
Ownership Type: Freehold
View: View
Beds: 4
Baths: 2
1/2 Baths: 0
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Laminate
Living Area Total: 2,420 square feet
Price per sq ft: $261
Tax Annual Amount: $0
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
Exterior Features: Vinyl siding
Cooling: Air exchanger
Common Interest: Freehold
Number of photos available: 2
Rurl
Coordinates: [47.522695, -52.888783]
Rooms
| Basement | Bath (# pieces 1-6) Living room/Dining room Bedroom Bedroom | 3pc 24.6x19.7 null 11.11x11.0 null 12.1""x11.0 null |
| Main level | Bedroom Primary Bedroom Ensuite Laundry room Bath (# pieces 1-6) Living room Dining room Kitchen | 10.1x11.1 null 12x12 null 4pc 5.10x5.8 null 3pc 12x24.7 null 6.0x8.7 null 12.6x6.7 null |
Basic Calculator
First Mortgage: $503,920
Mortgage insurance premium: $0
Total Financing: $503,920
Rough closing fee (1.5%): ~ $9,449
Total downpayment with estimated closing fee: $135,429
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,662 | $31,944 |
| Gross rental income (income/principal ratio) | 0.423% | 5.071% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $788 | $9,456 |
| Vacancy | $134 | $1,598 |
| Management Fee | $213 | $2,556 |
| Expense / Income Ratio | 29.60% | 29.60% |
| Cash Flow | $1,528 | $18,336 |
| Net Operating Income (NOI) | $1,528 | $18,336 |
| Capitalization Rate | 0.24% | 2.91% |
