32 Morgan Avenue
Paradise, NL, A1L3N3
5 Beds | 3 Baths
$499,900
About the property (MLS: 1292178):
Welcome to 32 Morgan Avenue, a beautiful blend of comfort, style, and functionality! Situated in the sought-after subdivision of Paradise Ridge, this spacious two-apartment bungalow offers the perfect combination of modern living and convenience, just minutes from schools, recreation, and the exciting new retail development. The main unit features an inviting open-concept layout with a bright living room complete with a beautiful fireplace feature, seamlessly connecting to the stylish eat-in kitchen. The kitchen boasts a timeless design with a peninsula for additional seating and prep space, complemented by a beautiful backsplash. With three spacious bedrooms, including a comfortable primary suite with a full ensuite and another full bathroom, this home is ideal for family living. The lower level also offers a cozy rec room and a convenient laundry area. The two-bedroom apartment mirrors the same modern aesthetic as the main unit, featuring a generous living area and contemporary finishes perfect for offsetting your mortgage or attracting quality tenants. Outside, this property truly impresses with two driveways, a detached 20×22 garage with a 12×20 bonus loft, and an oasis-like backyard complete with a full in-ground sprinkler system ideal for effortless maintenance and lush curb appeal. Whether you’re relaxing, entertaining, or enjoying outdoor projects, this yard is your own private retreat. Move-in ready and located in one of Paradise’s most desirable neighbourhoods, 32 Morgan Avenue offers space, versatility, and income potential all in one exceptional package. As per Seller’s Direction, no conveyance of offers will occur before 2:00 PM on November 4, 2025. (id:56688)
Property Details
Listing ID: 29052395
Address: 32 Morgan Avenue, Paradise, Newfoundland & Labrador, Canada A1L3N3
Status: Active
Last updated: 11 days ago ( Nov 2, 2025 )
Year Built: 2013
Property Type: Single Family
Architectural Style: Bungalow
Structure Type: Two Apartment House
Ownership Type: Freehold
Number of stories: 1
Number of Levels: 1
Beds: 5
Baths: 3
1/2 Baths: 0
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Mixed Flooring
Living Area Total: 2,424 square feet
Price per sq ft: $207
Tax Annual Amount: $2,855
Garage? Yes
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Foundation Details: Poured Concrete
Heating: Baseboard heaters, Electric
Flooring: Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 38
Rurl
Coordinates: [47.554885, -52.898069]
Rooms
| Basement | Laundry room Bath (# pieces 1-6) Bedroom Bedroom Not known Living room Porch Utility room Recreation room | 7.2 X 5.10 null 5.4 X 8.8 null 10.6 X 11.2 null 14 X 11.4 null 17.6 X 9.6 null 13.8 X 11.4 null 5.2 X 6 null 9.1 X 3.10 null 20.8 X 13.4 null |
| Main level | Bath (# pieces 1-6) Bedroom Bedroom Ensuite Primary Bedroom Not known Living room Foyer | 7.10 X 5.7 null 11.5 X 10.7 null 9.3 X 10.7 null 4.9 X 7.8 null 12.9 X 11.5 null 12.6 X 16.10 null 20.8 X 17.7 null 7.6 X 6.6 null |
Basic Calculator
First Mortgage: $399,920
Mortgage insurance premium: $0
Total Financing: $399,920
Rough closing fee (1.5%): ~ $7,499
Total downpayment with estimated closing fee: $107,479
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,667 | $32,004 |
| Gross rental income (income/principal ratio) | 0.534% | 6.402% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $625 | $7,500 |
| Vacancy | $134 | $1,601 |
| Management Fee | $214 | $2,561 |
| Expense / Income Ratio | 23.43% | 23.43% |
| Cash Flow | $1,696 | $20,352 |
| Net Operating Income (NOI) | $1,696 | $20,352 |
| Capitalization Rate | 0.34% | 4.07% |
