For sale · MLS® 1301178
4 Flora Street
Paradise, NL, A1L0Y8
List price
$559,900
About this propertyMLS® 1301178
Welcome to The Cupids by New Victorian Homes, a contemporary multi level townhome located in the growing and family friendly Town of Paradise, with an anticipated completion date of February 2027. Thoughtfully designed where style meets convenience, this brand new home offers the perfect combination of modern design, functional living, and low maintenance homeownership. The bright open concept main floor seamlessly connects the kitchen, dining, and living areas, creating an inviting space perfect for entertaining or relaxing at home. Upstairs, you'll find three spacious bedrooms, providing flexibility for growing families, young professionals, guests, or a dedicated home office. Designed with everyday living in mind, The Cupids offers exceptional storage throughout, including a spacious in house garage, walk in front entry closet, and thoughtfully designed storage solutions that help keep your home organized and clutter free. Built to New Victorian Homes' premium construction standards, this home includes digital thermostats, R22 insulated walls, R50 attic insulation, a heat recovery ventilation system, and electric baseboard heating for energy efficient comfort year round. The in house garage provides added convenience and practicality, making everyday living that much easier through every season. Outside, the property will be fully landscaped with fresh nursery sod, a pressure treated rear deck, and a paved driveway. Allowances for customized cabinetry, flooring, plumbing fixtures, and lighting give buyers the opportunity to personalize the space and make it their own. The purchase price includes HST, all applicable permits and fees, a 10 Year Atlantic Home Warranty, and New Victorian Homes' one year wall to wall builders coverage. (id:56688)
Property details
Coordinates: [47.546565, -52.902391]
Rooms
| Second level | Ensuite Primary Bedroom Bedroom Bedroom Bath (# pieces 1-6) | 3PC null 14.0x11.8 null 9.4x11.6 null 9.4x11.6 null 4PC null |
| Main level | Bath (# pieces 1-6) Living room Dining room Kitchen Not known Porch | 2PC null 14.0x14.9 null 9.4x12 null 12.4x12.0 null 5.4x8.4 null 7.0x7.0 null |
Basic Calculator
First Mortgage: $447,920
Mortgage insurance premium: $0
Total Financing: $447,920
Rough closing fee (1.5%): ~ $8,399
Total downpayment with estimated closing fee: $120,379
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,169 | $26,028 |
| Gross rental income (income/principal ratio) | 0.387% | 4.649% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $700 | $8,400 |
| Vacancy | $109 | $1,302 |
| Management Fee | $174 | $2,083 |
| Expense / Income Ratio | 32.27% | 32.27% |
| Cash Flow | $1,188 | $14,256 |
| Net Operating Income (NOI) | $1,188 | $14,256 |
| Capitalization Rate | 0.21% | 2.55% |
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