3 Reardon Avenue
Paradise, NL, A1L3L9
5 Beds | 4 Baths
$574,900
About the property (MLS: 1292306):
Stunning 2-Apartment Home in Paradise ( Picco Ridge) – Built by Award-Winning MacIntyre Homes! Located in the sought-after Jonathan Park Subdivision, this beautifully designed split-entry home offers both style and functionality. The open-concept living, dining, and kitchen area is perfect for modern living, featuring quality finishes and plenty of natural light. The main unit boasts three spacious bedrooms, including a primary suite with an ensuite for added comfort. The lower-level two-bedroom apartment provides a fantastic opportunity for rental income or extended family. The large over sized lots has lots of opportunity for a garage ,or play area Built by MacIntyre Homes, known for exceptional craftsmanship and quality, this home is a must-see! (id:56688)
Property Details
Listing ID: 29066722
Address: 3 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: 4
1/2 Baths: 1
Heating: Baseboard heaters
Sewer: Municipal sewage system
Flooring: Laminate, Mixed Flooring
Living Area Total: 2,241 square feet
Price per sq ft: $257
Tax Annual Amount: $3,850
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Foundation Details: Poured Concrete
Heating: Baseboard heaters
Flooring: Laminate, Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 2
Rurl
Coordinates: [47.552976, -52.894249]
Rooms
| Basement | Foyer Laundry room Not known Not known Not known Not known Bath (# pieces 1-6) Laundry room Recreation room | 4.8 x 11.0 null 4.0 x 7.2 null 9.6 x 11.0 null 10.6 x 13.4 null 10.8 x 13.10 null 10.8 x 11.6 null 2 pc 4.0 x 5.10 null 11.0 x 11.6 null |
| Main level | Foyer Not known Bath (# pieces 1-6) Ensuite Bedroom Bedroom Primary Bedroom Dining room Kitchen Living room | 6.6 x 7.1 null 4.4 x 4.6 null 4 pc 3 pc 9.0 x 10.2 null 9.0 x 10.2 null 11.0 x 12.10 null 8.10 x 9.0 null 13.2 x 16.10 null 12.0 x 16.10 null |
Basic Calculator
First Mortgage: $459,920
Mortgage insurance premium: $0
Total Financing: $459,920
Rough closing fee (1.5%): ~ $8,624
Total downpayment with estimated closing fee: $123,604
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,466 | $29,592 |
| Gross rental income (income/principal ratio) | 0.429% | 5.147% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $719 | $8,628 |
| Vacancy | $124 | $1,480 |
| Management Fee | $198 | $2,368 |
| Expense / Income Ratio | 29.16% | 29.16% |
| Cash Flow | $1,427 | $17,124 |
| Net Operating Income (NOI) | $1,427 | $17,124 |
| Capitalization Rate | 0.25% | 2.98% |
