79 Stormont Street
Paradise, NL, A1L0E6
4 Beds | 3 Baths
$564,900
About the property (MLS: 1291825):
Construction has officially begun on this versatile 2-apartment, offering a perfect blend of functionality and income potential. Being built by Cardinal Construction Limited, This raised bungalow has an open concept living and kitchen area. The main floor also features 3 bedrooms, including the primary which has a walk in closet and 3 piece ensuite. The lower level of the main home has a foyer, laundry storage room and easy access to the in-house 16x19 garage. The ground level 1 bedroom apartment has a coat closet, laundry closet, kitchen, living area, and full bathroom. This Property is FULL PLYWOOD built for long lasting durability and quality. It also features durable XPEX concrete coating on the foundation. This home comes with front and side landscaping, a paved driveway, 10x12 patio and is backed by a 10 year Atlantic Home Warranty Program and one year warranty with the builder. (id:56688)
Property Details
Listing ID: 29038683
Address: 79 Stormont Street, Paradise, Newfoundland & Labrador, Canada A1L0E6
Status: Active
Last updated: 17 days ago ( Oct 28, 2025 )
Year Built: 2026
Property Type: Single Family
Architectural Style: Bungalow
Structure Type: Two Apartment House
Ownership Type: Freehold
Number of stories: 1
Number of Levels: 1
Beds: 4
Baths: 3
1/2 Baths: 0
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Laminate, Ceramic Tile
Living Area Total: 2,204 square feet
Price per sq ft: $257
Tax Annual Amount: $0
Garage? Yes
Attached Garage? Yes
Carport? No
Open Parking? No
Garage Spaces: 1
Waterfront? No
Pool? No
Water Source: Municipal water
Foundation Details: Concrete
Heating: Baseboard heaters, Electric
Flooring: Laminate, Ceramic Tile
Exterior Features: Vinyl siding
Cooling: Air exchanger
Common Interest: Freehold
Number of photos available: 1
Rurl
Coordinates: [47.534587, -52.880378]
Rooms
| Lower level | Not known Not known Not known Laundry room Foyer | 11x14 null 12x14 null 14x11 null 9x19 null 10x10 null |
| Main level | Ensuite Bath (# pieces 1-6) Primary Bedroom Bedroom Bedroom Living room Kitchen Dining room | 3pc 3pc 14x11 null 10x12 null 12x11 null 16x12 null 12x11 null 10x12 null |
Basic Calculator
First Mortgage: $451,920
Mortgage insurance premium: $0
Total Financing: $451,920
Rough closing fee (1.5%): ~ $8,474
Total downpayment with estimated closing fee: $121,454
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,425 | $29,100 |
| Gross rental income (income/principal ratio) | 0.429% | 5.151% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $707 | $8,484 |
| Vacancy | $122 | $1,455 |
| Management Fee | $194 | $2,328 |
| Expense / Income Ratio | 29.15% | 29.15% |
| Cash Flow | $1,403 | $16,836 |
| Net Operating Income (NOI) | $1,403 | $16,836 |
| Capitalization Rate | 0.25% | 2.98% |
