281 Paradise Road
Paradise, NL, A1L3B2
3 Beds | 3 Baths
$399,900
About the property (MLS: 1291575):
BE THE FIRST TO PURCHASE AND RECEIVE FREE KITCHEN APPLIANCES!! Construction has started on these Paradise Road Triplexes with spacious lots, grade level entry at the rear, an insulated concrete party wall and a view of Adam's Pond. This contemporary 2 storey home has 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: 2 days ago ( Feb 7, 2026 )
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: 8
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% |
