283 Paradise Road
Paradise, NL, A1L2V6
3 Beds | 3 Baths
$399,900
About the property (MLS: 1292048):
Perched on a scenic hillside overlooking Adam’s Pond and the charming town of Paradise is the first triplex in the new Adam's Ridge development. This stunning center unit combines modern design with breathtaking natural views. Each unit features an open-concept layout anchored by a sleek IKEA kitchen which includes a centre island and a pantry with cabinetry and shelving, perfect for entertaining or everyday living. The spacious primary suite boasts an ensuite and walk-in closet, while two additional bedrooms offer plenty of room for family or guests. With a bright walkout basement and thoughtfully designed finishes throughout, this home blends contemporary comfort with the tranquility of its hillside setting—an ideal retreat just minutes from town amenities. All homes have Goodfellow vinyl plank flooring and Berber carpet for the stairs. 12 potlights and a lighting allowance is included. The exterior is completed with a covered entry, paved parking for 2 cars and full landscaping. 8 year LUX warranty is included. HST is included in the list price and any HST rebate is to be assigned to the vendor upon closing. (id:56688)
Property Details
Listing ID: 29081955
Address: 283 Paradise Road, Paradise, Newfoundland & Labrador, Canada A1L2V6
Status: Active
Last updated: 9 days ago ( Jan 16, 2026 )
Year Built: 2025
Property Type: Single Family
Structure Type: House
Ownership Type: Freehold
Number of stories: 1
Number of Levels: 1
Beds: 3
Baths: 3
1/2 Baths: 1
Heating: Baseboard heaters
Sewer: Municipal sewage system
Flooring: Other
Living Area Total: 1,899 square feet
Price per sq ft: $211
Tax Annual Amount: $0
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Refrigerator, Dishwasher, Stove
Water Source: Municipal water
Foundation Details: Concrete
Heating: Baseboard heaters
Flooring: Other
Exterior Features: Wood shingles, Vinyl siding
Cooling: Air exchanger
Common Interest: Freehold
Number of photos available: 1
Rurl
Coordinates: [47.542648, -52.884246]
Rooms
| Second level | Bedroom Bedroom Primary Bedroom | 10.8x10.2 null 13.1x9.6 null 12.11x12.3 null |
| Main level | Pantry Bath (# pieces 1-6) Kitchen Living room | 8x6.8 null 8x5.7 null 18.5x13.2 null 13.7x12.6 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 | $2,089 | $25,068 |
| Gross rental income (income/principal ratio) | 0.522% | 6.269% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $500 | $6,000 |
| Vacancy | $105 | $1,254 |
| Management Fee | $168 | $2,006 |
| Expense / Income Ratio | 23.93% | 23.93% |
| Cash Flow | $1,318 | $15,816 |
| Net Operating Income (NOI) | $1,318 | $15,816 |
| Capitalization Rate | 0.33% | 3.95% |
