For sale · MLS® 1303556
170 Paradise Road
Paradise, NL, A1L2X9
List price
$299,900
About this propertyMLS® 1303556
Rare opportunity to acquire approximately 11 acres of residentially zoned land in Paradise. Located at 170 Paradise Road, this expansive property offers the opportunity to create a private residential setting with plenty of space and privacy. The property is zoned RWS – Residential Watershed, which permits a single-detached dwelling, subsidiary apartment, family and group care centre, home office or additional discretionary uses subject to municipal approval. The existing dwelling on the property is in need of removal or significant renos to make liveable, making this an opportunity for a buyer looking to start fresh and create a new home suited to their needs. The substantial acreage provides a level of privacy and outdoor space that is increasingly difficult to find within the Paradise area. Conveniently located on Paradise Road with access to the amenities and services of Paradise and surrounding areas. The Property is not suitable for subdivision. Buyers are responsible for verifying intended uses, development requirements, permits and approvals with the Town of Paradise & St. John's. (id:56688)
Property details
Coordinates: [47.540719, -52.87411]
Rooms
| Main level | Laundry room Porch Bedroom Bath (# pieces 1-6) Bedroom Kitchen Living room | 9.3 x 10.3 null 5.1 x 6 null 9.4 x 11.7 null 4pc 9 x 9 null 9.6 x 12.1 null 8.1 x 12.6 null |
Basic Calculator
First Mortgage: $239,920
Mortgage insurance premium: $0
Total Financing: $239,920
Rough closing fee (1.5%): ~ $4,499
Total downpayment with estimated closing fee: $64,479
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $991 | $11,892 |
| Gross rental income (income/principal ratio) | 0.330% | 3.965% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $375 | $4,500 |
| Vacancy | $50 | $595 |
| Management Fee | $80 | $952 |
| Expense / Income Ratio | 37.84% | 37.84% |
| Cash Flow | $488 | $5,856 |
| Net Operating Income (NOI) | $488 | $5,856 |
| Capitalization Rate | 0.16% | 1.95% |
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