281 Paradise Road
Paradise, NL, A1L3B2
3 Beds | 3 Baths
$399,900
About the property (MLS: 1291575):
Construction has started on these Paradise Road Triplexes with spacious lots and grade level access at the rear. These contemporary 2 storey homes have an open concept main floor with 1/2 bath, pantry and access to a rear patio deck. The upper level has three bedrooms with an ensuite and a walk in closet off the primary bedroom and an upstairs laundry. The full open basement with walk out at the rear is your open canvas to develop a rec room, 4th bedroom and an additional bathroom. Each home comes with a Beautiful IKEA kitchen which includes a centre island and a pantry with cabinetry and shelving. All homes have Goodfelloow vinyl plank flooring and berber carpet for the stairs 12 potlights and a lighting allowance is included. The exterior is completed with a covered entry, paved parking for 2 cars and full landscaping. 8 yr LUX warranty is included. HST is included in the list price and any rebate is to be assigned to the vendor upon closing. (id:56688)
Property Details
Listing ID: 29040145
Address: 281 Paradise Road, Paradise, Newfoundland & Labrador, Canada A1L3B2
Status: Active
Last updated: 16 days ago ( Oct 28, 2025 )
Year Built: 2025
Property Type: Single Family
Structure Type: House
Ownership Type: Freehold
Number of stories: 1
Number of Levels: 1
Beds: 3
Baths: 3
1/2 Baths: 1
Heating: Electric
Sewer: Municipal sewage system
Flooring: Mixed Flooring
Living Area Total: 1,899 square feet
Price per sq ft: $211
Tax Annual Amount: $0
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Foundation Details: Concrete
Heating: Electric
Flooring: Mixed Flooring
Exterior Features: Vinyl siding, Other
Cooling: Air exchanger
Common Interest: Freehold
Number of photos available: 2
Rurl
Coordinates: [47.542623, -52.883134]
Rooms
| Second level | Bedroom Bedroom Primary Bedroom | 10.8x10.2 null 13.1x9.6 null 12.11x12.3 null |
| Main level | Bath (# pieces 1-6) Not known Kitchen Living room | 8x5.7 null 8x6.8 null 18.5x13.2 null 13.7x12.6 null |
Basic Calculator
First Mortgage: $319,920
Mortgage insurance premium: $0
Total Financing: $319,920
Rough closing fee (1.5%): ~ $5,999
Total downpayment with estimated closing fee: $85,979
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,089 | $25,068 |
| Gross rental income (income/principal ratio) | 0.522% | 6.269% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $500 | $6,000 |
| Vacancy | $105 | $1,254 |
| Management Fee | $168 | $2,006 |
| Expense / Income Ratio | 23.93% | 23.93% |
| Cash Flow | $1,318 | $15,816 |
| Net Operating Income (NOI) | $1,318 | $15,816 |
| Capitalization Rate | 0.33% | 3.95% |
