147 PARADISE Road
PARADISE, NL, A1L2Y4
5 Beds | 4 Baths
$429,900
About the property (MLS: 1291758):
This beautiful two-apartment home offers an excellent opportunity for rental income or as a primary residence. With over 1200 square feet on each level, you'll have plenty of space to work with. The main floor features three spacious bedrooms, including a primary bedroom with a convenient three-piece ensuite bathroom. The open concept design seamlessly connects the kitchen, dining, and living areas, creating a bright and welcoming atmosphere perfect for everyday living and entertaining. Downstairs, you'll find a well-designed two-bedroom s apartment complete with its own laundry. The basement also includes a convenient half bath and laundry area for the main floor, ensuring both levels have everything needed for comfortable independent living. Whether you're looking for a smart investment property with built-in rental income potential or a home that can accommodate extended family, this property delivers versatility and value. The self-contained nature of the basement apartment means you could live in one unit while renting the other, helping offset your mortgage payments.With its practical layout, generous square footage, and income-generating possibilities, this property represents a solid opportunity in today's market. The combination of comfortable living spaces and financial potential makes it worth considering for your next investment. Property is presently rented up and down on a month to month basis to excellent tenants. (id:56688)
Property Details
Listing ID: 29012933
Address: 147 PARADISE Road, PARADISE, Newfoundland & Labrador, Canada A1L2Y4
Status: Active
Last updated: 21 days ago ( Oct 23, 2025 )
Year Built: 2011
Property Type: Single Family
Structure Type: Two Apartment House
Ownership Type: Freehold
Beds: 5
Baths: 4
1/2 Baths: 1
Heating: Electric
Sewer: Municipal sewage system
Flooring: Laminate, Mixed Flooring
Living Area Total: 2,431 square feet
Price per sq ft: $177
Tax Annual Amount: $2,908
Tax Year: 2025
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Dishwasher
Water Source: Municipal water
Foundation Details: Concrete
Heating: Electric
Flooring: Laminate, Mixed Flooring
Exterior Features: Vinyl siding
Cooling: Air exchanger
Common Interest: Freehold
Number of photos available: 28
Rurl
Coordinates: [47.538332, -52.872265]
Rooms
| Basement | Recreation room | 12.00 X 13.80 null |
| Main level | Bedroom Bedroom Primary Bedroom Kitchen Living room | 9.40 X 10.20 null 10.00 X 11.00 null 12.00 X 12.60 null 12.60 X 18.80 null 12.00 X 17.50 null |
Basic Calculator
First Mortgage: $343,920
Mortgage insurance premium: $0
Total Financing: $343,920
Rough closing fee (1.5%): ~ $6,449
Total downpayment with estimated closing fee: $92,429
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,675 | $32,100 |
| Gross rental income (income/principal ratio) | 0.622% | 7.467% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $538 | $6,456 |
| Vacancy | $134 | $1,605 |
| Management Fee | $214 | $2,568 |
| Expense / Income Ratio | 20.11% | 20.11% |
| Cash Flow | $1,790 | $21,480 |
| Net Operating Income (NOI) | $1,790 | $21,480 |
| Capitalization Rate | 0.42% | 5.00% |
