116 Summit Drive
Paradise, NL, A1L2P4
5 Beds | 4 Baths
$799,900
About the property (MLS: 1286424):
Welcome to your dream home overlooking Conception Bay; a beautifully built, energy-efficient property offering unmatched quality, comfort, and lifestyle. Set on a mature one acre lot, this ocean view home is constructed with the Nu-dura Insulated Concrete Foundation System from footings to roofline, providing incredible strength, insulation, and long-term durability. In-floor hydronic heating is featured on all three levels, including the attached garage, offering cozy, efficient comfort throughout. The main floor boasts 9’ ceilings, elegant trim work, crown moldings, and wainscoting. You’ll find a formal living and dining room, a bright open-concept family room with propane fireplace, and a spacious eat-in kitchen with a massive island, upgraded stainless steel appliances (2022), and tons of cabinetry. A laundry room and stylishly renovated half bath (2023) complete the main level. Upstairs, the large primary suite features a walk-in closet and spa-like ensuite with a soaker tub, double vanity, and custom tile shower. Three additional bedrooms and a full bath complete the upper level. The fully developed basement includes a 5th bedroom, large rec room with built-in electric fireplace and shelving (2023), a half bath, storage, and utility space. Major upgrades since 2020 include new Dynasty shingles (2025), water softening and plumbing upgrades (2024), new artesian well pump (2022), and epoxy-coated garage floor (2021). The backyard has been transformed with a heated 12x18 above-ground pool, deck, privacy fencing, and pergola (2024). A 30x40 detached garage (2025) is ready for framing. Wired for a generator, this move-in ready home offers scenic views, incredible craftsmanship, and peace of mind, perfect for families seeking space, performance, and long-term value. (id:56688)
Property Details
Listing ID: 28491610
Address: 116 Summit Drive, Paradise, Newfoundland & Labrador, Canada A1L2P4
Status: Active
Last updated: 18 days ago ( Jun 24, 2025 )
Year Built: 2010
Property Type: Single Family
Architectural Style: 2 Level
Structure Type: House
Ownership Type: Freehold
View: Ocean view
Number of stories: 2
Number of Levels: 2
Beds: 5
Baths: 4
1/2 Baths: 2
Heating: Electric
Sewer: Septic tank
Flooring: Laminate, Ceramic Tile
Living Area Total: 3,991 square feet
Price per sq ft: $201
Tax Annual Amount: $4,851
Garage? Yes
Attached Garage? Yes
Carport? No
Open Parking? No
Garage Spaces: 2
Waterfront? No
Pool? No
Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer
Heating: Electric
Flooring: Laminate, Ceramic Tile
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 45
Rurl
Coordinates: [47.538159, -52.907157]
Rooms
| Basement | Bath (# pieces 1-6) Utility room Storage Recreation room Recreation room Bedroom | 2 PC null 20.5 x 5.8 null 12.11 x 9.9 null 12.5 x 12.4 null 12.6 x 32.4 null 12.11 x 12.11 null |
| Second level | Bath (# pieces 1-6) Bedroom Bedroom Bedroom Ensuite Primary Bedroom | 4 PC null 10.5 x 15.11 null 10.5 x 16 null 14.7 x 11.7 null 5 PC null 13.1 x 15.8 null |
| Main level | Bath (# pieces 1-6) Laundry room Family room/Fireplace Dining room Living room Eating area Kitchen Foyer | 2 PC null 7.8 x 6.6 null 12.5 x 18.3 null 12.11 x 15.8 null 13.1 x 13.7 null 12.11 x 12.4 null 12.11 x 16.3 null 12.6 x 10.7 null |
Basic Calculator
First Mortgage: $639,920
Mortgage insurance premium: $0
Total Financing: $639,920
Rough closing fee (1.5%): ~ $11,999
Total downpayment with estimated closing fee: $171,979
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $4,391 | $52,692 |
| Gross rental income (income/principal ratio) | 0.549% | 6.587% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $1,000 | $12,000 |
| Vacancy | $220 | $2,635 |
| Management Fee | $352 | $4,216 |
| Expense / Income Ratio | 22.77% | 22.77% |
| Cash Flow | $2,821 | $33,852 |
| Net Operating Income (NOI) | $2,821 | $33,852 |
| Capitalization Rate | 0.35% | 4.23% |
