5 Reardon Avenue
Paradise, NL, A1L3L9
5 Beds | 3 Baths
$582,900
About the property (MLS: 1292307):
Great Value in this 2-apartment home in Picco Ridge, Paradise. Award Winning MacIntyre Homes is offering this modern open-concept design Split entry Home . The Main floor offers three bedrooms withe the primary bedroom with en ensuite and main floor laundry. The lower level offers a 2 bedroom apartment has an open-concept living area complete with laundry .The large garage connects to the main unit for convince. The large oversized lot gives you lot of potential You can choose your flooring, lighting, and other features, allowing you to personal style and preferences into every corner of your home. It is also backed by a 10-year Atlantic Home Warranty. (id:56688)
Property Details
Listing ID: 29066720
Address: 5 Reardon Avenue, Paradise, Newfoundland & Labrador, Canada A1L3L9
Status: Active
Last updated: 9 days ago ( Nov 4, 2025 )
Year Built: 2026
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, Mixed Flooring
Living Area Total: 1,855 square feet
Price per sq ft: $315
Tax Annual Amount: $3,850
Garage? Yes
Attached Garage? Yes
Carport? No
Open Parking? No
Garage Spaces: 1
Waterfront? No
Pool? No
Water Source: Municipal water
Foundation Details: Poured Concrete
Heating: Baseboard heaters, Electric
Flooring: Laminate, Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 2
Rurl
Coordinates: [47.553201, -52.894349]
Rooms
| Basement | Storage Not known Bath (# pieces 1-6) Not known Not known Not known | 17.6 x 20.4 null 3.5 x 3.5 null 4 pc 9.0 x 10.0 null 9.6 x 10.0 null 8.0 x 10.6 null |
| Main level | Laundry room Porch Bath (# pieces 1-6) Ensuite Bedroom Bedroom Primary Bedroom Kitchen Dining room Living room | 3.6 x 6.4 null 5.11 x 7.2 null 4 pc 3 pc 8.6 x 9.0 null 9.0x 10.0 null 12.8 x 13.0 null 11.0 x 12.8 null 10.2 x x 12.2 null 12.8 x14.6 null |
Basic Calculator
First Mortgage: $466,320
Mortgage insurance premium: $0
Total Financing: $466,320
Rough closing fee (1.5%): ~ $8,744
Total downpayment with estimated closing fee: $125,324
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,041 | $24,492 |
| Gross rental income (income/principal ratio) | 0.350% | 4.202% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $729 | $8,748 |
| Vacancy | $103 | $1,225 |
| Management Fee | $164 | $1,960 |
| Expense / Income Ratio | 35.72% | 35.72% |
| Cash Flow | $1,047 | $12,564 |
| Net Operating Income (NOI) | $1,047 | $12,564 |
| Capitalization Rate | 0.18% | 2.16% |
