For sale · MLS® 1303445
110 Summit Drive
Paradise, NL, A1L2P4
List price
$899,900
About this propertyMLS® 1303445
A rare combination in Paradise — a registered ground-level apartment, two separate attached garages, main-floor primary suite and an exceptional lot, all in one executive property. Offering 3,336 sq. ft. of beautifully finished living space, 110 Summit Drive delivers exceptional flexibility for buyers seeking executive living, income potential or space for extended family. The chef-inspired kitchen features granite countertops, propane stove and oven, separate electric oven, built-in microwave and a true walk-in pantry. A bright eating area adjoins the kitchen, while the spacious living room with propane fireplace is ideal for relaxing or entertaining. The main-floor primary suite features a walk-in closet and beautiful ensuite with in-floor heating. Also on the main level is a versatile sunroom/office, sauna with full bath and laundry room with in-floor heating. Upstairs offers two additional bedrooms, a full bath and sitting/TV area. The beautifully finished registered ground-level apartment has its own entrance and mini-split, providing excellent flexibility for rental income or extended family. A full heat pump system provides efficient heating and cooling throughout the main residence. Outside, the expansive rear grounds have been topsoiled and hydroseeded, with room for an additional garage, pool or outdoor entertaining area. With partial ocean views, two garages, a registered apartment and an exceptional lot, 110 Summit Drive offers a combination that's difficult to find. (id:56688)
Property details
Coordinates: [47.537493, -52.906138]
Rooms
| Lower level | Laundry room Foyer Bedroom Primary Bedroom Living room Eat in kitchen Utility room | 7x7.3 null 8.1x7 null 14x12 null 15x12 null 14.6x14 null 12x19.3 null 11.5x6.5 null |
| Second level | Playroom Bedroom Bedroom | 13.8x13.2 null 12x13.5 null 12x12.5 null |
| Main level | Ensuite Mud room Laundry room Not known Primary Bedroom Living room/Fireplace Not known Dining nook Kitchen | 10x10 null 8x9 null 11x9 null 10x10 null 13x18 null 18x21 null 6x4 null 12x13 null 12x13 null |
Basic Calculator
First Mortgage: $719,920
Mortgage insurance premium: $0
Total Financing: $719,920
Rough closing fee (1.5%): ~ $13,499
Total downpayment with estimated closing fee: $193,479
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $3,670 | $44,040 |
| Gross rental income (income/principal ratio) | 0.408% | 4.894% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $1,125 | $13,500 |
| Vacancy | $184 | $2,202 |
| Management Fee | $294 | $3,524 |
| Expense / Income Ratio | 30.65% | 30.65% |
| Cash Flow | $2,068 | $24,816 |
| Net Operating Income (NOI) | $2,068 | $24,816 |
| Capitalization Rate | 0.23% | 2.76% |
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