3 Durrell Avenue
Paradise, NL, A1L4J1
5 Beds | 3 Baths
$544,900
About the property (MLS: 1287172):
Gorgeous brand new home underway in a beautiful location in Paradise. With open concept in both units the flow will suit anyone’s lifestyle or occupant requirements. With the main unit having a walk in kitchen pantry and large walk in closet and ensuite off the master bedroom, PLUS a huge rec room in the basement to ensure it suits a family of any size. The extremely spacious apartment with air tight porch is ideal for the cold or wet days and the above ground windows make for an abundance of natural light. This is a must see so do not delay! (id:56688)
Property Details
Listing ID: 28537548
Address: 3 Durrell Avenue, Paradise, Newfoundland & Labrador, Canada A1L4J1
Status: Active
Last updated: 10 days ago ( Jun 30, 2025 )
Year Built: 2025
Property Type: Single Family
Structure Type: Two Apartment House
Ownership Type: Freehold
Beds: 5
Baths: 3
1/2 Baths: 0
Heating: Electric
Sewer: Municipal sewage system
Flooring: Mixed Flooring
Living Area Total: 2,740 square feet
Price per sq ft: $199
Tax Annual Amount: $0
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: See remarks
Water Source: Municipal water
Heating: Electric
Flooring: Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 1
Rurl
Coordinates: [47.551095, -52.891814]
Rooms
| Basement | Recreation room Not known Not known Not known Not known Not known | 11.6 x 17 null 8.8 x 11.10 null 9.5 x 10 null 10.1 x 10 null 8.7 x 13 null 14.8 x 11.7 null |
| Main level | Bedroom Bedroom Primary Bedroom Not known Living room | 9.2 x 11.11 null 9.5 x 11.4 null 11.3 x 14.5 null 18 x 29 null 11.6 x 19.2 null |
Basic Calculator
First Mortgage: $435,920
Mortgage insurance premium: $0
Total Financing: $435,920
Rough closing fee (1.5%): ~ $8,174
Total downpayment with estimated closing fee: $117,154
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $3,015 | $36,180 |
| Gross rental income (income/principal ratio) | 0.553% | 6.640% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $682 | $8,184 |
| Vacancy | $151 | $1,809 |
| Management Fee | $242 | $2,895 |
| Expense / Income Ratio | 22.62% | 22.62% |
| Cash Flow | $1,942 | $23,304 |
| Net Operating Income (NOI) | $1,942 | $23,304 |
| Capitalization Rate | 0.36% | 4.28% |
