For sale · MLS® 1304293
8 Ossington Street
Paradise, NL, A1L0G7
List price
$399,900
About this propertyMLS® 1304293
Welcome to 8 Ossington Street, this inviting bungalow in Paradise. Ideally located close to both Octagon Pond and Adams Pond. Offering a functional layout with plenty of space for the whole family, this home is a great option for anyone looking for comfortable living with room to grow. Step inside to a bright and welcoming living room with hardwood flooring that continues throughout the main level. The eat-in kitchen offers loads of cupboard space, plenty of room for a dining table, and direct access to the back deck, making it easy to enjoy meals outside during the warmer months. Heated floors in the kitchen and porch add an extra touch of comfort, especially during those colder days. Downstairs, you'll find even more room to spread out, with a family room or playroom, a half bathroom, a dedicated office, and an additional spare room that could be used as a bedroom, depending on your needs. There's also a large storage area with plenty of space for your belongings and the opportunity to develop it further, along with a convenient laundry and utility area. Outside, enjoy the back deck, a fully fenced yard with room for kids and pets to play, and a 10 x 12 storage shed for all your outdoor essentials. Located close to schools, shopping, walking trails, and both Octagon Pond and Adams Pond, this home offers a great combination of space, convenience, and a location that's easy to love! As per the sellers' direction regarding offers, there will be no conveyance of offers prior to 3pm on Monday October 19th, and all offers are to be left open until 8pm the same day. (id:56688)
Property details
Coordinates: [47.52961, -52.885904]
Rooms
| Basement | Utility room Storage Not known Bath (# pieces 1-6) Bedroom Family room | 5.7 x 11.8 null 32.1 x 12.0 null 11.7 x 19.0 null 2pc 13.3 x 14.6 null 12.11 x 17.11 null |
| Main level | Bath (# pieces 1-6) Bedroom Bedroom Other Ensuite Primary Bedroom Dining nook Kitchen Living room | 4pc 8.9 x 10.5 null 9.3 x 10.5 null 3pc 13.6 x 12.11 null 7.7 x 12.4 null 10.10 x 14.0 null 10.10 x 17.10 null |
Basic Calculator
First Mortgage: $319,920
Mortgage insurance premium: $0
Total Financing: $319,920
Rough closing fee (1.5%): ~ $5,999
Total downpayment with estimated closing fee: $85,979
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,816 | $33,792 |
| Gross rental income (income/principal ratio) | 0.704% | 8.450% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $500 | $6,000 |
| Vacancy | $141 | $1,690 |
| Management Fee | $226 | $2,704 |
| Expense / Income Ratio | 17.76% | 17.76% |
| Cash Flow | $1,950 | $23,400 |
| Net Operating Income (NOI) | $1,950 | $23,400 |
| Capitalization Rate | 0.49% | 5.85% |
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