9 Mountaineer Drive
Paradise, NL, A1L0T7
5 Beds | 4 Baths
$459,000
About the property (MLS: 1286945):
This spacious and well-maintained two-apartment home is perfect for families or savvy investors! The main unit has just been freshly painted throughout, including all ceilings, giving it a clean, modern feel that’s move-in ready. Enjoy the open-concept kitchen, eating area, and living room — ideal for entertaining. There are three generous bedrooms, including a spacious primary suite with a walk-in closet and ensuite, plus another full bath for family or guests. The main floor also offers the convenience of laundry with a laundry tub, and downstairs you'll find a large rec room with a wet bar, a den, and a half bath — perfect for relaxing or hosting. The walk-in basement apartment features a bright, open-concept layout with a kitchen, dining area, and living room, along with two bedrooms and a tenant who would love to stay. Outside, enjoy a fully fenced backyard, detached garage, and drive-in access — ideal for storage, hobbies, or extra parking. Don't miss this opportunity to own a turn-key home with income in a sought-after Paradise neighbourhood! As per sellers directive, there will be no conveyance of offers until 5pm on Friday, June 27, 2025. (id:56688)
Property Details
Listing ID: 28518224
Address: 9 Mountaineer Drive, Paradise, Newfoundland & Labrador, Canada A1L0T7
Status: Active
Last updated: 15 days ago ( Jun 25, 2025 )
Year Built: 2012
Property Type: Single Family
Structure Type: Two Apartment House
Ownership Type: Freehold
Beds: 5
Baths: 4
1/2 Baths: 1
Heating: Hot water radiator heat, Baseboard heaters
Sewer: Municipal sewage system
Flooring: Laminate
Fencing: Fence
Living Area Total: 2,616 square feet
Price per sq ft: $176
Tax Annual Amount: $3,101
Garage? Yes
Attached Garage? No
Carport? No
Open Parking? No
Garage Spaces: 1
Waterfront? No
Pool? No
Appliances: Dishwasher
Water Source: Municipal water
Foundation Details: Concrete
Heating: Hot water radiator heat, Baseboard heaters
Flooring: Laminate
Exterior Features: Vinyl siding
Cooling: Air exchanger
Common Interest: Freehold
Number of photos available: 32
Rurl
Coordinates: [47.539919, -52.891548]
Rooms
| Lower level | Bath (# pieces 1-6) Bedroom Bedroom Living room Not known Bath (# pieces 1-6) Recreation room Den | 5x8 null 10.4x9 null 10.4x9.4 null 18x13.8 null 8x5 null 18.4x18 null 12x9 null |
| Main level | Bath (# pieces 1-6) Ensuite Bedroom Bedroom Primary Bedroom Living room Not known | 8x5 null 8x5 null 10.8x9.6 null 10.4x9.6 null 13.8x13.5 null 16x14.3 null 18x14 null |
Basic Calculator
First Mortgage: $367,200
Mortgage insurance premium: $0
Total Financing: $367,200
Rough closing fee (1.5%): ~ $6,885
Total downpayment with estimated closing fee: $98,685
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,878 | $34,536 |
| Gross rental income (income/principal ratio) | 0.627% | 7.524% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $574 | $6,888 |
| Vacancy | $144 | $1,727 |
| Management Fee | $231 | $2,763 |
| Expense / Income Ratio | 19.94% | 19.94% |
| Cash Flow | $1,930 | $23,160 |
| Net Operating Income (NOI) | $1,930 | $23,160 |
| Capitalization Rate | 0.42% | 5.05% |
