285 Lanark Drive
Paradise, NL, A1L0T5
3 Beds | 3 Baths
$615,000
About the property (MLS: 1291948):
This beautiful modern family home sits on an oversized lot and is under construction by Blueprint Homes. With an open concept main floor that features a large bright kitchen with an island, spacious living and dining rooms with a mini split and 7x4 walk-in pantry with ample shelving. The 2 piece powder room with a pedestal sink is around the corner PLUS a 13x12 bonus room on the back. This room works great as a family room, the kids playroom or a home office. There is a 10x12 patio off the kitchen overlooking the backyard. Upstairs there are 3 bedrooms, where the primary bedroom has an ensuite and a walk-around closet with shelving. There is another full washroom, 2 bedrooms, a linen closet and the laundry closet with storage. The 13x27 attached garage is nice and big for a car and all kinds of things - plus paved driveway with rear yard access and full sods for the front and back. The basement is wired and insulated and will be ready for your future finishes. There is still time to pick some finishes from the generous allowances and completion is slated for early 2026. Right across the street from Adam's Pond, the flat walking trail, close to schools, shopping & the rec center in Paradise. This is a wonderful place to call HOME! (id:56688)
Property Details
Listing ID: 29028696
Address: 285 Lanark Drive, Paradise, Newfoundland & Labrador, Canada A1L0T5
Status: Active
Last updated: a day ago ( Nov 12, 2025 )
Year Built: 2025
Property Type: Single Family
Architectural Style: 2 Level
Structure Type: House
Ownership Type: Freehold
Number of stories: 2
Number of Levels: 2
Beds: 3
Baths: 3
1/2 Baths: 1
Heating: Baseboard heaters, Electric, Mini-Split
Sewer: Municipal sewage system
Flooring: Other, Mixed Flooring
Living Area Total: 2,824 square feet
Price per sq ft: $218
Tax Annual Amount: $0
Garage? Yes
Attached Garage? Yes
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Heating: Baseboard heaters, Electric, Mini-Split
Flooring: Other, Mixed Flooring
Exterior Features: Wood shingles, Vinyl siding
Cooling: Air exchanger
Common Interest: Freehold
Number of photos available: 4
Rurl
Coordinates: [47.534923, -52.882415]
Rooms
| Second level | Bath (# pieces 1-6) Ensuite Bedroom Bedroom Primary Bedroom | 9x5.4 null 9x5.3 null 10.7x9.5 null 10x11.7 null 14.3x11.6 null |
| Main level | Bath (# pieces 1-6) Not known Living room Kitchen Dining room | 7.1x3.2 null 13 x 12.10 null 13.8x12.4 null 13.6x14.9 null 14.6x9.11 null |
Basic Calculator
First Mortgage: $492,000
Mortgage insurance premium: $0
Total Financing: $492,000
Rough closing fee (1.5%): ~ $9,225
Total downpayment with estimated closing fee: $132,225
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $3,107 | $37,284 |
| Gross rental income (income/principal ratio) | 0.505% | 6.062% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $769 | $9,228 |
| Vacancy | $156 | $1,865 |
| Management Fee | $249 | $2,983 |
| Expense / Income Ratio | 24.75% | 24.75% |
| Cash Flow | $1,935 | $23,220 |
| Net Operating Income (NOI) | $1,935 | $23,220 |
| Capitalization Rate | 0.31% | 3.78% |
