5 Durrell Street
Paradise, NL, A1L4J1
5 Beds | 3 Baths
$559,900
About the property (MLS: 1292195):
** Construction has started** Beautiful split entry design with a 2 bedroom basement apartment. The main unit features 3 bedrooms, 2 baths, open concept main floor with a downstairs family room for main unit. The master will feature a Large walk-in closet & ensuite. The 2 bedroom apartment will have grade level entry at the rear of the house for easy accessibility. This is a Great Location in Paradise and a wonderful area for families with Holy Family Elementary just a few minutes drive away. (id:56688)
Property Details
MLS: 1292195
Listing ID: 29053677
Address: 5 Durrell Street, Paradise, Newfoundland & Labrador, Canada A1L4J1
Status: Active
Last updated: a day ago ( Nov 12, 2025 )
Year Built: 2025
Property Type: Single Family
Structure Type: Two Apartment House
Ownership Type: Freehold
Beds: 5
Baths: 3
1/2 Baths: 0
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Laminate
Living Area Total: 2,492 square feet
Price per sq ft: $225
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
Flooring: Laminate
Exterior Features: Vinyl siding
Cooling: Air exchanger
Common Interest: Freehold
Number of photos available: 1
Rurl
Coordinates: [47.551027, -52.893563]
Listing ID: 29053677
Address: 5 Durrell Street, Paradise, Newfoundland & Labrador, Canada A1L4J1
Status: Active
Last updated: a day ago ( Nov 12, 2025 )
Year Built: 2025
Property Type: Single Family
Structure Type: Two Apartment House
Ownership Type: Freehold
Beds: 5
Baths: 3
1/2 Baths: 0
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Laminate
Living Area Total: 2,492 square feet
Price per sq ft: $225
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
Flooring: Laminate
Exterior Features: Vinyl siding
Cooling: Air exchanger
Common Interest: Freehold
Number of photos available: 1
Rurl
Coordinates: [47.551027, -52.893563]
Rooms
| Lower level | Not known Bath (# pieces 1-6) Not known Not known Living room Not known | 11.10 x 5.8 null 4pc 12.3 x 8 null 12.2 x 9.4 null 12.3 x 11.10 null 12.8 x 7.6 null |
| Other | Family room | 14.6 x 10.10 null |
| Main level | Bath (# pieces 1-6) Bedroom Bedroom Ensuite Primary Bedroom Dining room Kitchen Living room | 4pc 10.9 x 8.10 null 11.3 x 8.10 null 3pc 13.1 x 12.5 null 14.2 x 8.1 null 14 x 9.11 null 12.11 x 11.2 null |
Basic Calculator
First Mortgage: $447,920
Mortgage insurance premium: $0
Total Financing: $447,920
Rough closing fee (1.5%): ~ $8,399
Total downpayment with estimated closing fee: $120,379
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,742 | $32,904 |
| Gross rental income (income/principal ratio) | 0.490% | 5.877% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $700 | $8,400 |
| Vacancy | $138 | $1,646 |
| Management Fee | $220 | $2,633 |
| Expense / Income Ratio | 25.53% | 25.53% |
| Cash Flow | $1,686 | $20,232 |
| Net Operating Income (NOI) | $1,686 | $20,232 |
| Capitalization Rate | 0.30% | 3.61% |
Capitalization Rate: 3.61%
After-repair value (ARV) (This is a rule for purchasing and flipping distressed real estate for a profit, which states that the purchase price should be less than 70% of after-repair value (ARV) minus repair costs (rehab).): $799,858
