7 Brisbane Court
Paradise, NL, A1L1J2
4 Beds | 2 Baths
$400,000
About the property (MLS: 1294015):
Well-maintained two-apartment home located on a quiet cul-de-sac in Paradise. The main level features three spacious bedrooms, an eat-in kitchen, and a large, bright living room, perfect for family living. The basement offers a generous family room, a den, and a self-contained one-bedroom apartment. The unregistered apartment is currently rented for $1,150 per month, making this an excellent opportunity for investors or homeowners looking for mortgage help. Outside, you’ll find a large 14 x 20 shed providing plenty of storage. Conveniently located close to amenities and situated in a family-friendly neighborhood, this home is ideal as a starter home or investment property. Don’t miss your chance to own this beautifully maintained and updated home. (id:56688)
Property Details
Listing ID: 29284180
Address: 7 Brisbane Court, Paradise, Newfoundland & Labrador, Canada A1L1J2
Status: Active
Last updated: 7 days ago ( Feb 3, 2026 )
Year Built: 2001
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: Hardwood, Laminate
Living Area Total: 2,200 square feet
Price per sq ft: $182
Tax Annual Amount: $2,240
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer
Water Source: Municipal water
Foundation Details: Concrete
Heating: Electric
Flooring: Hardwood, Laminate
Exterior Features: Vinyl siding
Cooling: Air exchanger
Common Interest: Freehold
Number of photos available: 33
Rurl
Coordinates: [47.541582, -52.887008]
Rooms
| Basement | Other Bath (# pieces 1-6) Recreation room Not known Not known Not known | 9.5 x 9.2 null 4 Pc null 24 x 9 null 14 x 10 null 14 x 10 null 9.6 x 8.3 null |
| Main level | Porch Bath (# pieces 1-6) Bedroom Bedroom Primary Bedroom Eat in kitchen Living room | 6 x 6 null 4 PC null 11.2 x 8.9 null 11.3 x 9 null 12 x 10.8 null 13.9 x 10.7 null 19 x 10.7 null |
Basic Calculator
First Mortgage: $320,000
Mortgage insurance premium: $0
Total Financing: $320,000
Rough closing fee (1.5%): ~ $6,000
Total downpayment with estimated closing fee: $86,000
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,420 | $29,040 |
| Gross rental income (income/principal ratio) | 0.605% | 7.260% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $500 | $6,000 |
| Vacancy | $121 | $1,452 |
| Management Fee | $194 | $2,324 |
| Expense / Income Ratio | 20.66% | 20.66% |
| Cash Flow | $1,606 | $19,272 |
| Net Operating Income (NOI) | $1,606 | $19,272 |
| Capitalization Rate | 0.40% | 4.82% |
