70 Elizabeth Drive
Paradise, NL, A1L1E5
4 Beds | 2 Baths
$369,000
About the property (MLS: 1292318):
This two-apartment home is located in the sought-after neighbourhood of Elizabeth Park. The main unit features a spacious living area with three bedrooms, while the lower-level unit includes a cozy living room and kitchen, full bathroom, bedroom and laundry hook-up. There is direct access from the main unit kitchen to the deck and backyard. The large deck is a recent construction on the property, along with a 16x24 shed. Great location, close to amenities, with only minutes to the highway! (id:56688)
Property Details
MLS: 1292318
Listing ID: 29069469
Address: 70 Elizabeth Drive, Paradise, Newfoundland & Labrador, Canada A1L1E5
Status: Active
Last updated: 3 months ago ( Nov 5, 2025 )
Year Built: 1985
Property Type: Single Family
Structure Type: Two Apartment House
Ownership Type: Freehold
Beds: 4
Baths: 2
1/2 Baths: 0
Heating: Electric
Sewer: Municipal sewage system
Flooring: Mixed Flooring
Fencing: Partially fenced
Living Area Total: 1,850 square feet
Price per sq ft: $200
Tax Annual Amount: $2,264
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Washer, Refrigerator, Stove, Dryer
Water Source: Municipal water
Foundation Details: Poured Concrete
Heating: Electric
Flooring: Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 20
Rurl
Coordinates: [47.539601, -52.84131]
Listing ID: 29069469
Address: 70 Elizabeth Drive, Paradise, Newfoundland & Labrador, Canada A1L1E5
Status: Active
Last updated: 3 months ago ( Nov 5, 2025 )
Year Built: 1985
Property Type: Single Family
Structure Type: Two Apartment House
Ownership Type: Freehold
Beds: 4
Baths: 2
1/2 Baths: 0
Heating: Electric
Sewer: Municipal sewage system
Flooring: Mixed Flooring
Fencing: Partially fenced
Living Area Total: 1,850 square feet
Price per sq ft: $200
Tax Annual Amount: $2,264
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Washer, Refrigerator, Stove, Dryer
Water Source: Municipal water
Foundation Details: Poured Concrete
Heating: Electric
Flooring: Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 20
Rurl
Coordinates: [47.539601, -52.84131]
Rooms
| Basement | Primary Bedroom Bath (# pieces 1-6) Living room Kitchen Bedroom | 10 x 13 null 5 x 7 null 12 x 14 null 10 x 16 null 11 x 12 null |
| Main level | Primary Bedroom Bedroom Bath (# pieces 1-6) Kitchen Dining room Living room | 10 x 11 null 8 x 10 null 9 x 12 null 11 x 11 null 10 x 11 null 14 x 15 null |
Basic Calculator
First Mortgage: $295,200
Mortgage insurance premium: $0
Total Financing: $295,200
Rough closing fee (1.5%): ~ $5,535
Total downpayment with estimated closing fee: $79,335
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,036 | $24,432 |
| Gross rental income (income/principal ratio) | 0.552% | 6.621% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $462 | $5,544 |
| Vacancy | $102 | $1,222 |
| Management Fee | $163 | $1,955 |
| Expense / Income Ratio | 22.69% | 22.69% |
| Cash Flow | $1,310 | $15,720 |
| Net Operating Income (NOI) | $1,310 | $15,720 |
| Capitalization Rate | 0.36% | 4.26% |
Capitalization Rate: 4.26%
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).): $527,143
