7 Wiltshire Avenue
Paradise, NL, A1L4L8
4 Beds | 4 Baths
$576,500
About the property (MLS: 1286261):
This PRE-SOLD 2-apartment offers the perfect blend of functionality and income potential. Being built by Cardinal Construction Limited, the main level is open concept and features a large foyer, a spacious living and Kitchen area, which has a walk-in pantry, island, backsplash, crown moldings in the main, family bathroom and 3 bedrooms including the primary which features a walk-in closet and ensuite with corner shower. The lower level also has a rec room, powder room and laundry area. There is also an in-house 18X18 garage accessible from the main foyer. The ground level 1 bedroom apartment has a coat closet, kitchen, living area, full bathroom and a laundry closet. This Property is FULL PLYWOOD built for long lasting durability and quality. It also features durable XPEX concrete coating on the foundation, which is stronger and longer lasting. This home comes with front/side landscaping, a paved driveway, 10x12 patio and is backed by a 10 year Atlantic Home Warranty Program and one year warranty with the builder. (id:56688)
Property Details
Listing ID: 28445857
Address: 7 Wiltshire Avenue, Paradise, Newfoundland & Labrador, Canada A1L4L8
Status: Active
Last updated: 2 days ago ( Jun 10, 2025 )
Year Built: 2025
Property Type: Single Family
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, Ceramic Tile, Mixed Flooring
Living Area Total: 2,552 square feet
Price per sq ft: $226
Tax Annual Amount: $0
Garage? Yes
Attached Garage? Yes
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Heating: Baseboard heaters, Electric
Flooring: Laminate, Ceramic Tile, Mixed Flooring
Exterior Features: Vinyl siding
Cooling: Air exchanger
Common Interest: Freehold
Number of photos available: 1
Rurl
Coordinates: [47.53544, -52.880425]
Rooms
| Lower level | Not known Living room/Dining room Not known Bath (# pieces 1-6) Recreation room | 9x13 null 11x13 null 13x12 null 2pc 14x12 null |
| Main level | Ensuite Bath (# pieces 1-6) Primary Bedroom Bedroom Bedroom Kitchen Dining room Living room | 3pc 3pc 12x13 null 9x12 null 9x12 null 8.6x17 null 10x12 null 16x12 null |
Basic Calculator
First Mortgage: $461,200
Mortgage insurance premium: $0
Total Financing: $461,200
Rough closing fee (1.5%): ~ $8,648
Total downpayment with estimated closing fee: $123,948
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,808 | $33,696 |
| Gross rental income (income/principal ratio) | 0.487% | 5.845% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $721 | $8,652 |
| Vacancy | $141 | $1,685 |
| Management Fee | $225 | $2,696 |
| Expense / Income Ratio | 25.68% | 25.68% |
| Cash Flow | $1,722 | $20,664 |
| Net Operating Income (NOI) | $1,722 | $20,664 |
| Capitalization Rate | 0.30% | 3.58% |
