For sale · MLS® 1303491
70 Acharya Drive
Paradise, NL, A1L4A4
List price
$519,000
About this propertyMLS® 1303491
Welcome to 70 Acharya Drive, Paradise! This beautiful 2 Storey home offers 4 bedrooms, 3.5 bathrooms, plenty of living space and a fantastic setting backing onto a greenbelt. A large foyer provides a welcoming entrance with an abundance of room for coats, shoes, and everyday storage, while the attached garage adds even more convenience. The main floor features a bright, spacious open-concept layout with a well-appointed kitchen complete with stainless steel appliances. The living and dining areas flow nicely together, creating a comfortable space for both everyday living and entertaining. Mini-split heat pumps add to the comfort by providing efficient heating and cooling throughout to make the home that much more enjoyable. Upstairs you'll find two generous bedrooms and a full bathroom. It also includes a large primary bedroom featuring an extra-large ensuite and walk-in closet, creating a comfortable private retreat. The fully developed basement adds even more versatility with a fourth bedroom, full bathroom, and a large recreation room complete with an electric fireplace - Perfect for relaxing, entertaining, or additional family space. Outside, enjoy a large rear deck and the privacy of a backyard greenbelt. The property also offers drive-through access to a 14 x 18 detached garage. This home is also close to Adams Pond and Octagon Pond for those who enjoy the outdoors. (id:56688)
Property details
Coordinates: [47.539388, -52.894612]
Rooms
| Basement | Bath (# pieces 1-6) Recreation room Utility room Bedroom | 6.5 x 6.8 null 10 x 22 null 8 x 10 null 11 x 9 null |
| Second level | Bath (# pieces 1-6) Ensuite Bedroom Bedroom Primary Bedroom | 8 x 6.10 null 10 x 15 null 10 x 11 null 10 x 11 null 12 x 13 null |
| Main level | Bath (# pieces 1-6) Foyer Dining room Living room Kitchen | 5 x 5.8 null 6 x 9 null 12 x 12 null 14 x 14 null 12 x 17 null |
Basic Calculator
First Mortgage: $415,200
Mortgage insurance premium: $0
Total Financing: $415,200
Rough closing fee (1.5%): ~ $7,785
Total downpayment with estimated closing fee: $111,585
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,535 | $30,420 |
| Gross rental income (income/principal ratio) | 0.488% | 5.861% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $649 | $7,788 |
| Vacancy | $127 | $1,521 |
| Management Fee | $203 | $2,434 |
| Expense / Income Ratio | 25.60% | 25.60% |
| Cash Flow | $1,557 | $18,684 |
| Net Operating Income (NOI) | $1,557 | $18,684 |
| Capitalization Rate | 0.30% | 3.60% |
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