24-30 Carol Crescent
Paradise, NL, A1L4K1
5 Beds | 4 Baths
$2,000,000
About the property (MLS: 1293172):
Unbelievable value in this cluster of four brand new, semi-detached, 2-apartment homes in the rapidly growing Jonathan Park neighbourhood in Paradise. Built with full Insulated Concrete Form (ICF) construction, these homes offer exceptional energy efficiency, superior soundproofing, and long-term durability—resulting in lower power bills, a quieter living experience, and long-lasting value for both owners and tenants. Each main unit spans two storeys with a bright, spacious open floorplan that blends the living room, dining area, and kitchen—ideal for entertaining and everyday family living. The kitchen includes a walk-in pantry, while the main level also features a large laundry room and a convenient half bath. Upstairs, the primary bedroom includes a generous walk-in closet and a private 3-piece ensuite. Two additional well-sized bedrooms and a full bathroom complete the upper level, offering plenty of functional space for families. The ground-level, self-contained apartments feature an inviting open kitchen and living room layout with large front windows that fill the space with natural light. This bright, modern suite is perfect for rental income or extended family living. Located in a sought-after, family-friendly area close to schools, parks, and amenities, these homes offer modern interior and exterior finishings throughout, along with the long-term peace of mind that comes with durable, low-maintenance ICF construction. Contractor is willing to include an appliance allowance, with supply and install available in approximately two weeks using contractor’s selection. HST rebate to be assigned to Vendor on closing. (id:56688)
Property Details
Listing ID: 29177792
Address: 24-30 Carol Crescent, Paradise, Newfoundland & Labrador, Canada A1L4K1
Status: Active
Last updated: a month ago ( Dec 10, 2025 )
Year Built: 2024
Property Type: Single Family
Structure Type: Multi-Family
Ownership Type: Freehold
Beds: 5
Baths: 4
1/2 Baths: 1
Heating: Baseboard heaters, Electric, Mini-Split
Sewer: Municipal sewage system
Flooring: Laminate, Marble, Ceramic, Mixed Flooring
Living Area Total: 9,180 square feet
Price per sq ft: $218
Tax Annual Amount: $2,516
Tax Year: 2024
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Heating: Baseboard heaters, Electric, Mini-Split
Flooring: Laminate, Marble, Ceramic, Mixed Flooring
Exterior Features: Vinyl siding
Cooling: Air exchanger
Common Interest: Freehold
Number of photos available: 50
Rurl
Coordinates: [47.551406, -52.886539]
Rooms
| Lower level | Not known Not known Bath (# pieces 1-6) Not known Not known Not known | 11 x 9.5 null 11 x 9.5 null 9 x 9 null 9 x 6 null 13.5 x 11 null 14 x 10 null |
| Second level | Bedroom Bedroom Bath (# pieces 1-6) Ensuite Primary Bedroom | 11 x 11 null 11 x 11 null 8 x 8 null 9.5 x 6 null 13 x 11.5 null |
| Main level | Bath (# pieces 1-6) Laundry room Kitchen Dining room Living room | 1/2 null 11 x 6 null 12 x 14 null 11 x 11 null 13 x 14 null |
Basic Calculator
First Mortgage: $1,600,000
Mortgage insurance premium: $0
Total Financing: $1,600,000
Rough closing fee (1.5%): ~ $30,000
Total downpayment with estimated closing fee: $430,000
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $10,098 | $121,176 |
| Gross rental income (income/principal ratio) | 0.505% | 6.059% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $2,500 | $30,000 |
| Vacancy | $505 | $6,059 |
| Management Fee | $808 | $9,695 |
| Expense / Income Ratio | 24.76% | 24.76% |
| Cash Flow | $6,286 | $75,432 |
| Net Operating Income (NOI) | $6,286 | $75,432 |
| Capitalization Rate | 0.31% | 3.77% |
