13 Durrell Drive
Paradise, NL, A1L4J1
2 Beds | 2 Baths
$579,900
About the property (MLS: 1290976):
Two apartment home with an attached garage. Three bedroom main floor with main floor laundry and a full ensuite. Downstairs has a self contained two bedroom apartment plus an area for future development for the main floor unit. HST included in purchase price. The Sellers hereby direct the Listing Brokerage there will be NO CONVEYANCE OF ANY WRITTEN SIGNED OFFERS prior to 5:00 PM on October 2nd, 2025. The seller further directs that all offers are to remain open until 9:00 pm on October 2nd, 2025. (id:56688)
Property Details
MLS: 1290976
Listing ID: 28923691
Address: 13 Durrell Drive, Paradise, Newfoundland & Labrador, Canada A1L4J1
Status: Active
Last updated: 2 months ago ( Nov 24, 2025 )
Year Built: 2025
Property Type: Single Family
Structure Type: Two Apartment House
Ownership Type: Freehold
Beds: 2
Baths: 2
1/2 Baths: 0
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Other
Living Area Total: 2,610 square feet
Price per sq ft: $223
Tax Annual Amount: $4,292
Tax Year: 2025
Garage? Yes
Attached Garage? Yes
Carport? No
Open Parking? No
Garage Spaces: 1
Waterfront? No
Pool? No
Water Source: Municipal water
Heating: Baseboard heaters, Electric
Flooring: Other
Exterior Features: Stone, Vinyl siding
Common Interest: Freehold
Number of photos available: 3
Rurl
Coordinates: [47.550347, -52.893384]
Listing ID: 28923691
Address: 13 Durrell Drive, Paradise, Newfoundland & Labrador, Canada A1L4J1
Status: Active
Last updated: 2 months ago ( Nov 24, 2025 )
Year Built: 2025
Property Type: Single Family
Structure Type: Two Apartment House
Ownership Type: Freehold
Beds: 2
Baths: 2
1/2 Baths: 0
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Other
Living Area Total: 2,610 square feet
Price per sq ft: $223
Tax Annual Amount: $4,292
Tax Year: 2025
Garage? Yes
Attached Garage? Yes
Carport? No
Open Parking? No
Garage Spaces: 1
Waterfront? No
Pool? No
Water Source: Municipal water
Heating: Baseboard heaters, Electric
Flooring: Other
Exterior Features: Stone, Vinyl siding
Common Interest: Freehold
Number of photos available: 3
Rurl
Coordinates: [47.550347, -52.893384]
Rooms
| Lower level | Not known Bath (# pieces 1-6) Not known Not known Not known Not known | 3’ 10” x 7’ 7” null 4 Pce null 9’ 2” x 11’ 6” null 11’ 4” x 13’ 2” null 11’ 3” x 15’ 6” null 9’ 8” x 13’ null |
| Main level | Pantry Laundry room Bath (# pieces 1-6) Bedroom Ensuite Primary Bedroom Kitchen Dining room Living room | 5’ 10” x 11’ 2” null 5’ 8” x 5’ 10” null 4 Pce null 11’ 5” x 11’ 7” null 3 Pce null 11’ 7” x 12’ 8” null 11’ 7” x 12’ 5” null 7’ 5” x 12’ 5” null 12’ 8” x 17’ 6” null |
Basic Calculator
First Mortgage: $463,920
Mortgage insurance premium: $0
Total Financing: $463,920
Rough closing fee (1.5%): ~ $8,699
Total downpayment with estimated closing fee: $124,679
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,872 | $34,464 |
| Gross rental income (income/principal ratio) | 0.495% | 5.943% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $725 | $8,700 |
| Vacancy | $144 | $1,724 |
| Management Fee | $230 | $2,758 |
| Expense / Income Ratio | 25.24% | 25.24% |
| Cash Flow | $1,774 | $21,288 |
| Net Operating Income (NOI) | $1,774 | $21,288 |
| Capitalization Rate | 0.31% | 3.67% |
Capitalization Rate: 3.67%
After-repair value (ARV) (This is a rule for purchasing and flipping distressed real estate for a profit, which states that the purchase price should be less than 70% of after-repair value (ARV) minus repair costs (rehab).): $828,429
