23 Westport Drive
Paradise, NL, A1L0R6
5 Beds | 2 Baths
$399,900
About the property (MLS: 1292175):
Welcome to this well-kept two-apartment home located in the desirable Grand Meadows area, just off St. Thomas Line. The main unit features a bright, open-concept living area with three spacious bedrooms and a full bathroom. It also offers access to a large basement storage room that includes a convenient laundry area. The basement apartment is a comfortably sized two-bedroom unit designed with wheelchair accessibility in mind—perfect for extended family or as an income-generating rental. Both front and rear decks have been recently replaced, and the exterior has been freshly painted with necessary repairs completed, ensuring great curb appeal and low maintenance. This property offers flexibility, functionality, and pride of ownership in a sought-after location—ideal for homeowners or investors alike. As per sellers direction there will be no conveyance of offers until 2pm Nov 7, 2025. All offers to be left open till 7pm Nov 7, 2025 (id:56688)
Property Details
Listing ID: 29061584
Address: 23 Westport Drive, Paradise, Newfoundland & Labrador, Canada A1L0R6
Status: Active
Last updated: 10 days ago ( Nov 3, 2025 )
Year Built: 2010
Property Type: Single Family
Structure Type: Two Apartment House
Ownership Type: Freehold
Beds: 5
Baths: 2
1/2 Baths: 0
Heating: Baseboard heaters, Electric
Sewer: Municipal sewage system
Flooring: Laminate, Other
Living Area Total: 2,312 square feet
Price per sq ft: $173
Tax Annual Amount: $2,612
Tax Year: 2025
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer
Water Source: Municipal water
Foundation Details: Concrete, Poured Concrete
Heating: Baseboard heaters, Electric
Flooring: Laminate, Other
Exterior Features: Vinyl siding
Cooling: Air exchanger
Common Interest: Freehold
Number of photos available: 41
Rurl
Coordinates: [47.542987, -52.899277]
Rooms
| Basement | Bath (# pieces 1-6) Not known Not known Not known Not known Laundry room | 3 pcs 10.66 x 8.5 null 12 x 11 null 14.83 x 11.6 null 11.5 x 10.16 null 11.5 x 10.5 null |
| Main level | Bath (# pieces 1-6) Bedroom Bedroom Primary Bedroom Living room Kitchen | 3 pcs 9.5 x 9 null 9.66 x 9.5 null 15 x 12 null 16.33 x 11.5 null 15.83 x 12.16 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 | $2,544 | $30,528 |
| Gross rental income (income/principal ratio) | 0.636% | 7.634% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $500 | $6,000 |
| Vacancy | $128 | $1,527 |
| Management Fee | $204 | $2,443 |
| Expense / Income Ratio | 19.65% | 19.65% |
| Cash Flow | $1,714 | $20,568 |
| Net Operating Income (NOI) | $1,714 | $20,568 |
| Capitalization Rate | 0.43% | 5.14% |
