68 Gallants Street
Paradise, NL, A1L4L4
4 Beds | 3 Baths
$424,900
About the property (MLS: 1288640):
Paradise Awaits! In Willowbanks subdivision just steps from Adam’s Pond and walking trails, this brand new, uniquely designed three bedroom split entry duplex with a one-bedroom apartment is presently under construction. There is an open living room, dining room and kitchen on the main floor as well as two bedrooms, one bathroom and laundry. The lower level contains a third bedroom and half bath. The apartment has one bedroom with an open living room, dining room and kitchen. There is also a full bathroom and laundry area. Both units are equipped with mini split heat pumps. (id:56688)
Property Details
Listing ID: 28680681
Address: 68 Gallants Street, Paradise, Newfoundland & Labrador, Canada A1L4L4
Status: Active
Last updated: 4 months ago ( Aug 1, 2025 )
Year Built: 2025
Property Type: Single Family
Structure Type: Two Apartment House
Ownership Type: Freehold
Beds: 4
Baths: 3
1/2 Baths: 1
Heating: Electric, Mini-Split
Sewer: Municipal sewage system
Flooring: Laminate, Mixed Flooring
Living Area Total: 1,640 square feet
Price per sq ft: $260
Tax Annual Amount: $0
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Foundation Details: Concrete
Heating: Electric, Mini-Split
Flooring: Laminate, Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 1
Rurl
Coordinates: [47.541154, -52.882653]
Rooms
| Basement | Not known Not known Not known Bedroom Bath (# pieces 1-6) Bath (# pieces 1-6) | 10 x 12 null 12 x 10 null 10 x 11 null 9.6 x 10.8 null 2 pc 4 pc |
| Main level | Bath (# pieces 1-6) Bedroom Primary Bedroom Kitchen Living room | 4 pc 10.4 x 10.8 null 12 x 11.11 null 10.8 x 14.3 null 8.9 x 14.3 null |
Basic Calculator
First Mortgage: $339,920
Mortgage insurance premium: $0
Total Financing: $339,920
Rough closing fee (1.5%): ~ $6,374
Total downpayment with estimated closing fee: $91,354
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $1,805 | $21,660 |
| Gross rental income (income/principal ratio) | 0.425% | 5.098% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $532 | $6,384 |
| Vacancy | $91 | $1,083 |
| Management Fee | $145 | $1,733 |
| Expense / Income Ratio | 29.47% | 29.47% |
| Cash Flow | $1,039 | $12,468 |
| Net Operating Income (NOI) | $1,039 | $12,468 |
| Capitalization Rate | 0.24% | 2.93% |
