44 Lanark Drive
Paradise, NL, A1L3Y5
3 Beds | 3 Baths
$489,900
About the property (MLS: 1292216):
Welcome to 44 Lanark Drive, a beautiful 2-storey home conveniently located pond side in Adams Pond Subdivision in Paradise. This 20 year old two story home shows pride of ownership throughout. As you walk in to the closed off porch, you will find a large family room at the front of the house, a formal dining room and a spacious kitchen and living room area at the back of the house with a propane fireplace for those cold winter nights. The second floor features three spacious bedrooms with the primary bedroom on the front of the house that has a ensuite with jetted tub and a large walk in closet. Hardwood floors throughout the main level, carpet in the bedrooms, ceramic tiles in wet areas and hardwood stair case. The basement comes undeveloped with a laundry area and rough ins for a future bathroom with two egress windows for future bedrooms if necessary. Don't miss the stunning views of Adam's Pond with your large deck on the rear of the home, oversized building lot and a fully finished 16 x 26 detached garage, wired, heated with a mini split heat pump and insulated. (id:56688)
Property Details
Listing ID: 29064142
Address: 44 Lanark Drive, Paradise, Newfoundland & Labrador, Canada A1L3Y5
Status: Active
Last updated: 4 days ago ( Nov 9, 2025 )
Year Built: 2005
Property Type: Single Family
Architectural Style: 2 Level
Structure Type: House
Ownership Type: Freehold
View: View
Number of stories: 2
Number of Levels: 2
Beds: 3
Baths: 3
1/2 Baths: 1
Heating: Electric
Sewer: Municipal sewage system
Flooring: Hardwood, Carpeted, Ceramic Tile
Living Area Total: 2,751 square feet
Price per sq ft: $179
Tax Annual Amount: $3,900
Garage? Yes
Attached Garage? Yes
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Foundation Details: Concrete
Heating: Electric
Flooring: Hardwood, Carpeted, Ceramic Tile
Exterior Features: Vinyl siding
Cooling: Air exchanger
Common Interest: Freehold
Number of photos available: 37
Rurl
Coordinates: [47.536607, -52.890177]
Rooms
| Second level | Bath (# pieces 1-6) Ensuite Bedroom Bedroom Primary Bedroom | 3PC null 3PC null 10.0 x 12.0 null 9.4 x 12.0 null 12.0 x 18.0 null |
| Main level | Bath (# pieces 1-6) Living room/Fireplace Kitchen Dining room Family room | 2 pc 12.0 x 15.0 null 13.4 x 14.0 null 8.4 x 11.5 null 12.0 x 14.0 null |
Basic Calculator
First Mortgage: $391,920
Mortgage insurance premium: $0
Total Financing: $391,920
Rough closing fee (1.5%): ~ $7,349
Total downpayment with estimated closing fee: $105,329
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $3,027 | $36,324 |
| Gross rental income (income/principal ratio) | 0.618% | 7.415% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $613 | $7,356 |
| Vacancy | $152 | $1,817 |
| Management Fee | $243 | $2,906 |
| Expense / Income Ratio | 20.25% | 20.25% |
| Cash Flow | $2,021 | $24,252 |
| Net Operating Income (NOI) | $2,021 | $24,252 |
| Capitalization Rate | 0.41% | 4.95% |
