For sale · MLS® 1303498
743 St Thomas Line
Paradise, NL, A1L3V7
List price
$349,900
About this propertyMLS® 1303498
Ocean views, a private treed lot, and the best of both worlds in the heart of St. Thomas, Paradise. Built circa 1940 and recently renovated, this detached two-storey pairs original character with modern updates across 1,977 sq ft of living space. It has 5 bedrooms and 1.5 baths, including a main-floor bedroom for anyone who's done with stairs. The main level features a bright living room, a separate family room with fireplace, a dining room, a kitchen with pantry, and hardwood throughout. Upstairs you'll find three more bedrooms and the main bath. The walkout basement is partially developed and framed, ready for your finishing touches, with laundry and a second bathroom already in place. Outside, the lot is landscaped, private, and wooded, with a sundeck, balcony and patio, a double gravel driveway, and rear yard vehicle access. It has municipal services and high-speed internet, and the fridge, stove, dishwasher, washer and dryer are included. Zoned RMD with rental income potential. Vacant, with flexible possession. Character, updates, and an ocean view at this price don't come up often. (id:56688)
Property details
Coordinates: [47.582837, -52.895309]
Rooms
| Basement | Laundry room Bath (# pieces 1-6) Other Other | 10.11 x 12.01 null 13.05 x 6.05 null 5.11 x 5.03 null 8.09 x 4.05 null |
| Second level | Bath (# pieces 1-6) Bedroom Bedroom Bedroom Bedroom | 9.03 x 5.09 null 11.11 x 10.07 null 9.05 x 12.05 null 11.11 x 8.07 null 12.07 x 8.02 null |
| Main level | Primary Bedroom Dining room Not known Kitchen Family room Living room Foyer | 11.11 x 10.07 null 9.03 x 12.05 null 3.00 x 2.07 null 12.07 x 11.01 null 10.11 x 7.08 null 11.10 x 17.03 null 4.11 x 5.11 null |
Basic Calculator
First Mortgage: $279,920
Mortgage insurance premium: $0
Total Financing: $279,920
Rough closing fee (1.5%): ~ $5,249
Total downpayment with estimated closing fee: $75,229
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,022 | $24,264 |
| Gross rental income (income/principal ratio) | 0.578% | 6.935% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $438 | $5,256 |
| Vacancy | $102 | $1,214 |
| Management Fee | $162 | $1,942 |
| Expense / Income Ratio | 21.66% | 21.66% |
| Cash Flow | $1,322 | $15,864 |
| Net Operating Income (NOI) | $1,322 | $15,864 |
| Capitalization Rate | 0.38% | 4.53% |
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