For sale · MLS® 1304326
4 Knightsbridge Place
Paradise, NL, A1L4N8
List price
$625,900
About this propertyMLS® 1304326
Construction has started on this versatile 2-apartment home situated on an oversized 50x220 building lot located on a quiet cul-de-sac. Expertly built by Cardinal Construction Limited, this property offers the perfect combination of modern functionality, quality craftsmanship, and income potential. The main level features an open-concept design with a welcoming foyer complete with coat closet, spacious living room and kitchen area highlighted by a large island and backsplash. Additional features include main floor laundry, linen closet, full family bathroom, and 3 well-appointed bedrooms, including the primary suite with walk-in closet and private ensuite featuring a corner shower. Convenient access to the in-house garage is located just off the foyer. The bright ground-level 2-bedroom apartment includes its own private entrance, coat closet, laundry closet, kitchen, living area, and full bathroom — making it an excellent mortgage helper or investment opportunity. Built with quality and durability in mind, this home is FULL PLYWOOD constructed and features a durable Xypex concrete coating on the foundation for enhanced strength and long-lasting protection. The property also includes front landscaping, a 3-car paved driveway and a 10x12 patio. Backed by a 10-Year Atlantic Home Warranty Program along with a 1-year builder warranty, this home offers peace of mind and exceptional value. (id:56688)
Property details
Coordinates: [47.534049, -52.879895]
Rooms
| Lower level | Not known Not known Bath (# pieces 1-6) Not known Not known | 13x12 null 12.6x9.6 null 3pc 11x13.6 null 9x13.6 null |
| Main level | Ensuite Bath (# pieces 1-6) Primary Bedroom Bedroom Bedroom Kitchen Living room Foyer | 3pc 3pc 13.6x12.6 null 9x12.6 null 9.6x11 null 13x17.6 null 12x14 null 7.6x6 null |
Basic Calculator
First Mortgage: $500,720
Mortgage insurance premium: $0
Total Financing: $500,720
Rough closing fee (1.5%): ~ $9,389
Total downpayment with estimated closing fee: $134,569
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,183 | $26,196 |
| Gross rental income (income/principal ratio) | 0.349% | 4.185% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $783 | $9,396 |
| Vacancy | $110 | $1,310 |
| Management Fee | $175 | $2,096 |
| Expense / Income Ratio | 35.87% | 35.87% |
| Cash Flow | $1,117 | $13,404 |
| Net Operating Income (NOI) | $1,117 | $13,404 |
| Capitalization Rate | 0.18% | 2.14% |
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