19 Grandview Avenue
Paradise, NL, A1L1N6
4 Beds | 2 Baths
$400,000
About the property (MLS: 1287278):
This amazing registered two-apartment home is ideally situated on a private cul-de-sac and and would make a great starter home with a lot of privacy. The very spacious main unit features three bedrooms on the main level, a large kitchen, and very generous living and dining rooms. The main unit has a storage room/fourth bedroom, laundry, and huge rec room downstairs. The very bright and spacious one-bedroom apartment has a bright kitchen and bathroom and has its own covered entrance and laundry. Walk about the gorgeous landscaped, park-like grounds with trees, flowers, and gardens, a shed, two patios, and paved parking for over 10 cars, There is plenty of space for a detached garage. This property is well worth a look for anyone seeking a two-apartment home in Paradise! (id:56688)
Property Details
Listing ID: 28549737
Address: 19 Grandview Avenue, Paradise, Newfoundland & Labrador, Canada A1L1N6
Status: Active
Last updated: 5 days ago ( Jul 7, 2025 )
Year Built: 1974
Property Type: Single Family
Structure Type: Two Apartment House
Ownership Type: Freehold
Beds: 4
Baths: 2
1/2 Baths: 0
Heating: Baseboard heaters
Sewer: Municipal sewage system
Flooring: Mixed Flooring
Living Area Total: 2,662 square feet
Price per sq ft: $151
Tax Annual Amount: $2,084
Tax Year: 2024
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Refrigerator, Stove
Water Source: Municipal water
Foundation Details: Poured Concrete
Heating: Baseboard heaters
Flooring: Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 25
Rurl
Coordinates: [47.533961, -52.862986]
Rooms
| Basement | Not known Not known Not known Not known Storage Recreation room Laundry room | 6 x 4.8 null 12.5 x 9.9 null 15 x 12 null 10.3 x 9.8 null 9.3 x 8.2 null 19.5 x 18.3 null 9.1 x 8.3 null |
| Main level | Bedroom Bedroom Primary Bedroom Dining room Living room Kitchen Foyer | 10.7 x 9.8 null 10.6 x 10.3 null 17.5 x 13.7 null 14 x 9.7 null 16.2 x 13.11 null 13.9 x 10.1 null 13.11 x 6.1 null |
Basic Calculator
First Mortgage: $320,000
Mortgage insurance premium: $0
Total Financing: $320,000
Rough closing fee (1.5%): ~ $6,000
Total downpayment with estimated closing fee: $86,000
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,929 | $35,148 |
| Gross rental income (income/principal ratio) | 0.732% | 8.787% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $500 | $6,000 |
| Vacancy | $147 | $1,758 |
| Management Fee | $235 | $2,812 |
| Expense / Income Ratio | 17.07% | 17.07% |
| Cash Flow | $2,049 | $24,588 |
| Net Operating Income (NOI) | $2,049 | $24,588 |
| Capitalization Rate | 0.51% | 6.15% |
