38 Stephanie Avenue
Paradise, NL, A1L1E6
4 Beds | 2 Baths
$349,900
About the property (MLS: 1286195):
Absolutely mint condition 3-bedroom family home with a 1 bedroom in-law apartment. Hardwoods floors in the living room, hallway, and master bedroom. The main floor boasts a large eat-in kitchen, stainless steel appliances, and a patio overlooking the private treed back garden. For added privacy the fully fenced garden backs onto the treed community trails for Elizabeth Park. The main floor also boasts 3 bedrooms and a full bath. The lower level has a family room & laundry room for the main floor, plus a very large self-contained 1 bedroom unregistered in-law apartment. In 2022 new roof shingles were installed and 2021 a new hot water boiler. There is only one electrical meter. The apartment is currently vacant. The minute you walk in the door you will see that this beautiful home is in meticulous condition. Seller's Direction added to listing. No offers to be conveyed until 5pm Sunday June 15, 2025. Leave offers open until 10pm on Sunday June 15, 2015 (id:56688)
Property Details
Listing ID: 28439843
Address: 38 Stephanie Avenue, Paradise, Newfoundland & Labrador, Canada A1L1E6
Status: Active
Last updated: 3 days ago ( Jun 9, 2025 )
Year Built: 1996
Property Type: Single Family
Structure Type: Two Apartment House
Ownership Type: Freehold
Beds: 4
Baths: 2
1/2 Baths: 0
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Hardwood, Laminate, Other
Fencing: Fence
Living Area Total: 1,980 square feet
Price per sq ft: $177
Tax Annual Amount: $2,116
Tax Year: 2025
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Foundation Details: Concrete, Poured Concrete
Heating: Baseboard heaters, Electric
Flooring: Hardwood, Laminate, Other
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 22
Rurl
Coordinates: [47.542759, -52.835533]
Rooms
| Basement | Storage Bedroom Living room Kitchen Family room | 6x5 null 12x10 null 15x14 null 9x9'6"" null 21x11'6"" null |
| Main level | Bath (# pieces 1-6) Porch Bedroom Bedroom Primary Bedroom Living room Kitchen | 7x9 null 5x7 null 12x8 null 12x9'6"" null 14x11.6 null 15x11 null 16'6""x11 null |
Basic Calculator
First Mortgage: $279,920
Mortgage insurance premium: $0
Total Financing: $279,920
Rough closing fee (1.5%): ~ $5,249
Total downpayment with estimated closing fee: $75,229
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,178 | $26,136 |
| Gross rental income (income/principal ratio) | 0.622% | 7.470% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $438 | $5,256 |
| Vacancy | $109 | $1,307 |
| Management Fee | $175 | $2,091 |
| Expense / Income Ratio | 20.11% | 20.11% |
| Cash Flow | $1,457 | $17,484 |
| Net Operating Income (NOI) | $1,457 | $17,484 |
| Capitalization Rate | 0.42% | 5.00% |
