364 Lanark Drive
Paradise, NL, A1L0L9
4 Beds | 4 Baths
$639,900
About the property (MLS: 1285946):
Stunning fully developed home, backing right on Adam's Pond in Paradise offering plenty for the outdoor enthusiasts! Swimming, kayaking, pond hockey, biking and more. The main level features a living room, dinning room, an open concept family room and kitchen, beautiful cabinetry and great views of the Pond. Hardwood flooring, ceramic tiles, propane F/P, in-floor heating for the kitchen, entrance, ensuite and main bath, plus a 3 head mini split with incredibly low power bills. A hardwood staircase leads to the 2nd floor, which offers a large primary bedroom with walk-in closet and a 4 piece ensuite with jacuzzi tub. Second level also offers 2 additional spacious bedrooms & main bath. The fully developed walk out basement includes the large recreation room, 4th bedroom, 3-piece bath and storage. Close to trails, other ponds, ocean, schools, ice complex, community centre, shopping, other amenities, and the highway. (id:56688)
Property Details
Listing ID: 28419621
Address: 364 Lanark Drive, Paradise, Newfoundland & Labrador, Canada A1L0L9
Status: Active
Last updated: 8 hours ago ( Jun 25, 2025 )
Year Built: 2012
Property Type: Single Family
Structure Type: House
Ownership Type: Freehold
Number of stories: 1
Number of Levels: 1
Beds: 4
Baths: 4
1/2 Baths: 1
Heating: Baseboard heaters, Propane
Sewer: Municipal sewage system
Flooring: Hardwood, Ceramic Tile
Living Area Total: 3,054 square feet
Price per sq ft: $210
Tax Annual Amount: $4,027
Tax Year: 2025
Garage? Yes
Attached Garage? Yes
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Dishwasher
Water Source: Municipal water
Heating: Baseboard heaters, Propane
Flooring: Hardwood, Ceramic Tile
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 43
Rurl
Coordinates: [47.531701, -52.888143]
Rooms
| Basement | Other Other Bath (# pieces 1-6) Family room Bedroom | 7'11 x 15 null 5 x 6'3 null 5'7 x 7'11 null 11'10 x 27'3 null 17'3 x 11'2 null |
| Second level | Bath (# pieces 1-6) Bedroom Bedroom Primary Bedroom Ensuite | 4 pcs 12.6 x 10.6 null 12.6 x 11 null 11 x 21 null 4 pcs |
| Main level | Porch Bath (# pieces 1-6) Family room Kitchen Dining room Living room | 5 x 6 null 2 pcs 12.6 x 11.9 null 13.8 x 12 null 12.9 x 11.6 null 17.5 x 13.8 null |
Basic Calculator
First Mortgage: $511,920
Mortgage insurance premium: $0
Total Financing: $511,920
Rough closing fee (1.5%): ~ $9,599
Total downpayment with estimated closing fee: $137,579
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $3,360 | $40,320 |
| Gross rental income (income/principal ratio) | 0.525% | 6.301% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $800 | $9,600 |
| Vacancy | $168 | $2,016 |
| Management Fee | $269 | $3,226 |
| Expense / Income Ratio | 23.81% | 23.81% |
| Cash Flow | $2,124 | $25,488 |
| Net Operating Income (NOI) | $2,124 | $25,488 |
| Capitalization Rate | 0.33% | 3.98% |
