7 Madison Place
Paradise, NL, A1L3H7
3 Beds | 2 Baths
$369,900
About the property (MLS: 1294328):
Nestled on a peaceful street, this 3-bedroom side split home sits on a half-acre, offering both privacy and charm. Plenty of room to build your dream garage, park the RV and have a lovely garden. Recent updates include new shingles (2023), new windows throughout (2023). The furnace is under a service warranty and maintained yearly to optimize operation along with a high quality Roth oil tank. The main floor has a bright and inviting living room that flows seamlessly into a lovely kitchen with plenty of cupboards and island—perfect for entertaining. The second floor has three spacious bedrooms that make these older homes so attractive. As you work your way to the lower levels you will find a huge rec-room, laundry, two piece bath and huge storage area. As per the attached SELLER'S DIRECTIVE, there will be no conveyance of any offers until Monday February 9th, 2026 at 2pm. All offers to remain open till 6 pm on the same day. This is a lovely one owner family home that's been meticulously maintained over the years. (id:56688)
Property Details
Listing ID: 29327833
Address: 7 Madison Place, Paradise, Newfoundland & Labrador, Canada A1L3H7
Status: Active
Last updated: 4 days ago ( Feb 6, 2026 )
Year Built: 1981
Property Type: Single Family
Structure Type: House
Ownership Type: Freehold
Number of stories: 1
Number of Levels: 1
Beds: 3
Baths: 2
1/2 Baths: 1
Heating: Oil, Radiator
Sewer: Municipal sewage system
Flooring: Hardwood, Mixed Flooring
Living Area Total: 2,240 square feet
Price per sq ft: $166
Tax Annual Amount: $2,426
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Appliances: Central Vacuum, Dishwasher
Water Source: Municipal water
Foundation Details: Concrete, Poured Concrete
Heating: Oil, Radiator
Flooring: Hardwood, Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 31
Rurl
Coordinates: [47.548039, -52.895141]
Rooms
| Basement | Storage | 16.8 x 28.4 null |
| Lower level | Porch Bath (# pieces 1-6) Recreation room | 7.10 x 6 null 6.4 x 7.6 null 28.4 x 12.3 null |
| Second level | Bath (# pieces 1-6) Bedroom Bedroom Primary Bedroom | 3 pc 10.4 x 9.10 null 12.4 x 9.7 null 11.5 x 14 null |
| Main level | Foyer Living room Eat in kitchen | 5.7 x 4.3 null 15.10 x 12.6 null 17 x 13.10 null |
Basic Calculator
First Mortgage: $295,920
Mortgage insurance premium: $0
Total Financing: $295,920
Rough closing fee (1.5%): ~ $5,549
Total downpayment with estimated closing fee: $79,529
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,464 | $29,568 |
| Gross rental income (income/principal ratio) | 0.666% | 7.994% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $463 | $5,556 |
| Vacancy | $124 | $1,479 |
| Management Fee | $198 | $2,366 |
| Expense / Income Ratio | 18.79% | 18.79% |
| Cash Flow | $1,681 | $20,172 |
| Net Operating Income (NOI) | $1,681 | $20,172 |
| Capitalization Rate | 0.45% | 5.45% |
