31 Brittany Drive
Paradise, NL, A1L0E4
5 Beds | 4 Baths
$485,000
About the property (MLS: 1291594):
This 10 years young 3 unit 2 story home has room for the whole family or 3 smaller ones plus a detached double garage in the backyard. The top floor contains a lovely registered and self-contained 2 BR apartment with a patio with a view and a mini-split. The main floor has an excellent single bedroom suite with 1/2 bath powder room, a lovely Primary bedroom with full ensuite and walk-in closet. Enjoy the covered patio off the spacious kitchen and dinette. The basement has an un-registered yet self-contained 2 Bedroom in-law apartment with walkout entrance to the driveway and garage area. This lower unit has a large living room and kitchen and boasts a custom ceramic tile shower. The 20' x 24' detached double garage has electric heat, insulated floors and walls and a mini split. Offering tremendous income potential or space for a multi-tiered family, It's going to be hard to beat this value. 3 Units, 3 entrances, 2 meters. Viewings through Broker Bay until 7pm weekdays and 6pm on Saturday and Sunday. (id:56688)
Property Details
Listing ID: 28996884
Address: 31 Brittany Drive, Paradise, Newfoundland & Labrador, Canada A1L0E4
Status: Active
Last updated: 23 days ago ( Oct 21, 2025 )
Year Built: 2015
Property Type: Single Family
Architectural Style: 2 Level
Structure Type: Two Apartment House
Ownership Type: Freehold
Beds: 5
Baths: 4
1/2 Baths: 1
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Hardwood, Laminate
Living Area Total: 3,552 square feet
Price per sq ft: $137
Tax Annual Amount: $3,668
Tax Year: 2025
Garage? Yes
Attached Garage? No
Carport? No
Open Parking? No
Garage Spaces: 2
Waterfront? No
Pool? No
Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer, Microwave
Water Source: Municipal water
Foundation Details: Concrete
Heating: Baseboard heaters, Electric
Flooring: Hardwood, Laminate
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 31
Rurl
Coordinates: [47.532732, -52.902276]
Rooms
| Basement | Bedroom Bedroom Living room Kitchen | 13.8 x 8.9 null 13.2 x 11 null 15.2 x 14 null 14.5 x 12.8 null |
| Second level | Utility room Bedroom Bedroom Kitchen Dining room Living room | 10 x 4.6 null 14.5 x 11.2 null 14.5 x 11.2 null 17.6 x 9 null 11.3 x 10 null 15.3 x 15 null |
| Main level | Primary Bedroom Office Kitchen Dining nook Living room | 14 x 12.7 null 9 x 11 null 13.6 x 10 null 10.5 x 8.6 null 16.7 x 13.8 null |
Basic Calculator
First Mortgage: $388,000
Mortgage insurance premium: $0
Total Financing: $388,000
Rough closing fee (1.5%): ~ $7,275
Total downpayment with estimated closing fee: $104,275
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $3,908 | $46,896 |
| Gross rental income (income/principal ratio) | 0.806% | 9.669% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $607 | $7,284 |
| Vacancy | $196 | $2,345 |
| Management Fee | $313 | $3,752 |
| Expense / Income Ratio | 15.53% | 15.53% |
| Cash Flow | $2,793 | $33,516 |
| Net Operating Income (NOI) | $2,793 | $33,516 |
| Capitalization Rate | 0.58% | 6.91% |
