2 Hayes Avenue
Paradise, NL, A1L3L5
4 Beds | 3 Baths
$669,900
About the property (MLS: 1287769):
Located in the heart of Paradise, this exceptional property offers more than just a beautiful home—it also includes a very large adjoining building lot with endless potential. Whether you choose to subdivide, sell, develop, or hold for future use, this added space makes an already impressive offering even more valuable. The home itself sits on a fully fenced, oversized corner lot with drive-in access to the rear yard, providing both privacy and practicality. Step inside to discover a thoughtfully designed layout with four spacious bedrooms and three full bathrooms, ideal for family living or hosting guests in comfort. At the heart of the home is a bright and welcoming open-concept kitchen and living area, complete with a large island that's perfect for meal prep, casual dining, or entertaining. The adjoining family room features a cozy propane fireplace, while new engineered hardwood flooring adds warmth and style throughout the main living space. . The main floor laundry room adds everyday convenience, tucked away for functionality without sacrificing space. Downstairs, a massive rec room offers plenty of space for a home theatre, games area, or fitness setup. There’s also a dedicated workshop—perfect for DIY projects or hobbies—and a separate utility room for organized storage. Outside, a good-sized shed provides space for tools, toys, and all your outdoor essentials, while the expansive yard offers room to enjoy or expand. With a beautifully maintained home and a bonus lot full of potential, this is a rare opportunity in one of Paradise’s most desirable areas. A perfect blend of comfort, space, and future value. (id:56688)
Property Details
Listing ID: 28592686
Address: 2 Hayes Avenue, Paradise, Newfoundland & Labrador, Canada A1L3L5
Status: Active
Last updated: 4 months ago ( Jul 11, 2025 )
Year Built: 1988
Property Type: Single Family
Architectural Style: 2 Level
Structure Type: House
Ownership Type: Freehold
Number of stories: 2
Number of Levels: 2
Beds: 4
Baths: 3
1/2 Baths: 0
Heating: Forced air, Oil, Propane
Sewer: Municipal sewage system
Flooring: Hardwood, Carpeted, Ceramic Tile
Fencing: Fence
Living Area Total: 4,600 square feet
Price per sq ft: $146
Tax Annual Amount: $4,399
Garage? Yes
Attached Garage? No
Carport? No
Open Parking? No
Garage Spaces: 2
Waterfront? No
Pool? No
Appliances: Washer, Refrigerator, Stove, Dryer, Microwave
Water Source: Municipal water
Foundation Details: Concrete
Heating: Forced air, Oil, Propane
Flooring: Hardwood, Carpeted, Ceramic Tile
Exterior Features: Brick, Vinyl siding
Cooling: Air exchanger
Common Interest: Freehold
Number of photos available: 50
Rurl
Coordinates: [47.553106, -52.891789]
Rooms
| Main level | Foyer Dining room Bath (# pieces 1-6) Laundry room Not known Living room Family room/Fireplace | 15.03 x 12.08 null 15.01 x 16.11 null 9.07 x 5 null 7.04 x 6.06 null 21 x 23.01 null 13.7 x 15.4 null 18.09 x 15.03 null |
| Basement | Recreation room Other Utility room Workshop | 32.05 x 14.04 null 15.04 x 15.01 null 31.02 x 13.06 null 15.04 x 19.03 null |
| Second level | Bedroom Bedroom Bedroom Bath (# pieces 1-6) Ensuite Primary Bedroom | 10.02 x 15.06 null 11.10 x 14.02 null 10.09 x 11.04 null 10.07 x 4.08 null 4.10 x 10.07 null 15.04 x 21.08 null |
Basic Calculator
First Mortgage: $535,920
Mortgage insurance premium: $0
Total Financing: $535,920
Rough closing fee (1.5%): ~ $10,049
Total downpayment with estimated closing fee: $144,029
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $5,060 | $60,720 |
| Gross rental income (income/principal ratio) | 0.755% | 9.064% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $838 | $10,056 |
| Vacancy | $253 | $3,036 |
| Management Fee | $405 | $4,858 |
| Expense / Income Ratio | 16.56% | 16.56% |
| Cash Flow | $3,565 | $42,780 |
| Net Operating Income (NOI) | $3,565 | $42,780 |
| Capitalization Rate | 0.53% | 6.39% |
