1 Emerald Gem Way
Paradise, NL, A1L4M5
3 Beds | 3 Baths
$429,900
About the property (MLS: 1293890):
Paradise's newest subdivision, Emerald Ridge, is located in the ever popular and sought after Octagon Pond area and is within walking distance to schools, trails and amenities. Sitting on a corner lot with views of Octagon Pond, this contemporary two-storey duplex, 3 bed, 2.5 bath family home has a great open concept main floor layout with formal living room, half bath, kitchen with large island, and dining space with access to the back patio. The primary bedroom is spacious with a walk-in closet and full ensuite, a second full bath, 2 additional bedrooms and 2nd floor laundry. The basement will be wide open for a rec. room, bathroom, and storage spaces. The exterior will have a covered front entry, double paved driveway and front landscaping included. Allowances for flooring, cabinets and lighting will be $30,000 HST included. Single head mini split heat pump is included and there will be an 8 year LUX New Home Warranty. Purchase price includes HST with rebate back to the builder. (id:56688)
Property Details
Listing ID: 29266297
Address: 1 Emerald Gem Way, Paradise, Newfoundland & Labrador, Canada A1L4M5
Status: Active
Last updated: 11 hours ago ( Feb 2, 2026 )
Year Built: 2026
Property Type: Single Family
Architectural Style: 2 Level
Structure Type: House
Ownership Type: Freehold
Number of stories: 2
Number of Levels: 2
Beds: 3
Baths: 3
1/2 Baths: 1
Heating: Baseboard heaters, Electric, Mini-Split
Sewer: Municipal sewage system
Flooring: Laminate, Other
Living Area Total: 1,310 square feet
Price per sq ft: $329
Tax Annual Amount: $0
Tax Year: 2025
Garage? Yes
Attached Garage? Yes
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Municipal water
Foundation Details: Concrete
Heating: Baseboard heaters, Electric, Mini-Split
Flooring: Laminate, Other
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 25
Rurl
Coordinates: [47.523196, -52.889186]
Rooms
| Second level | Bedroom Bedroom Bath (# pieces 1-6) Ensuite Primary Bedroom | 9x8'8 null 14x10'6 null 4pc 3pc 13x11'6 null |
| Main level | Bath (# pieces 1-6) Living room Eating area Kitchen | 2pc 14x11'6 null 14x7 null 14x11'6 null |
Basic Calculator
First Mortgage: $343,920
Mortgage insurance premium: $0
Total Financing: $343,920
Rough closing fee (1.5%): ~ $6,449
Total downpayment with estimated closing fee: $92,429
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $1,442 | $17,304 |
| Gross rental income (income/principal ratio) | 0.335% | 4.025% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $538 | $6,456 |
| Vacancy | $73 | $866 |
| Management Fee | $116 | $1,385 |
| Expense / Income Ratio | 37.31% | 37.31% |
| Cash Flow | $717 | $8,604 |
| Net Operating Income (NOI) | $717 | $8,604 |
| Capitalization Rate | 0.17% | 2.00% |
