For sale · MLS® 1303755
15 Paradise Road
Paradise, NL, A1L3B3
List price
$365,000
About this propertyMLS® 1303755
Five bedrooms, two bathrooms—flexibility built in. On 0.38 acres with parking for 20+ vehicles. This is the property that gives you room to live. Southwest-facing backyard backed by green space. A deck perfect for summer entertaining and morning coffee with a view of the pond. Two generous storage rooms, plus a detached shed. Everything you need to park it, work it, and enjoy it. The finished in-law suite with separate entrance opens doors. Separate kitchen, living room, bedroom, and bathroom—ready for rental income potential, multi-generational living, or home office space. Main floor laundry in both units. Paradise Road frontage gives you visibility if you decide on a home-based business. Walk to the bus in four minutes. Two minutes to shopping (Paradise Plaza: Sobeys, Starbucks, Shoppers, Tim Hortons, Burger King). Ten minutes downtown. This is a home that works for you. Build wealth through rental income from the suite. Establish a home-based business with road visibility. Create entertaining space with a genuine backyard and pond views. Park multiple vehicles, store equipment, and have room to grow. Ideal for multi-generational families, home-based business operators, contractors needing parking and storage, investors building real estate portfolios, or anyone ready for a property where land and flexibility are the real assets. Affordable. Practical. A home built for the life you want to live. NO SELLER'S DIRECTION! :) (id:56688)
Property details
Coordinates: [47.532783, -52.864206]
Rooms
| Lower level | Bath (# pieces 1-6) Not known Not known Not known | 4PC null 11.2 x 9.5 null 7.6 x 7.1 null 13.2 x 6.11 null |
| Main level | Other Kitchen Dining room Living room Bath (# pieces 1-6) Primary Bedroom Bedroom Bedroom | 4.7 x 5.2 null 12 x 7.4 null 12.5 x 7.3 null 10.11 x 10.4 null 3PC null 12.1 x 9.1 null 9.1 x 6.1 null 10.3 x 8.11 null |
Basic Calculator
First Mortgage: $292,000
Mortgage insurance premium: $0
Total Financing: $292,000
Rough closing fee (1.5%): ~ $5,475
Total downpayment with estimated closing fee: $78,475
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,328 | $27,936 |
| Gross rental income (income/principal ratio) | 0.638% | 7.654% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $457 | $5,484 |
| Vacancy | $117 | $1,397 |
| Management Fee | $187 | $2,235 |
| Expense / Income Ratio | 19.63% | 19.63% |
| Cash Flow | $1,569 | $18,828 |
| Net Operating Income (NOI) | $1,569 | $18,828 |
| Capitalization Rate | 0.43% | 5.16% |
Get in touch
Have a question?
Send a message and Haris will get back to you — usually the same day.