For sale · MLS® 1304643
16 Irving Drive
Paradise, NL, A1L1S1
List price
$229,900
About this propertyMLS® 1304643
Opportunity knocks at this charming 2 bedroom, 1 bathroom bungalow set back from the road on a generous and private lot. Surrounded by mature trees and offering drive in access to the rear of the property, this is a rare find for those with a vision and the willingness to make it their own. The oversized lot is truly the star here — private, spacious and full of potential for gardens, the coveted detached garage, maybe a playhouse or simply room to breathe. A large storage shed adds practicality and the mature trees create a natural canopy that gives this property a peaceful, tucked away feel. While details on work previously completed are largely unknown, a heat pump was recently installed — a modern and efficient upgrade already in place for the next lucky owner. Whether you are an investor, a first time buyer with a dream, or someone looking for a project worth pouring your heart into — this one deserves a look. Sellers Direction in place and there will be no conveyance of offers until after 4:00 pm on Sunday, October 25, and all offers are to be left open until 9:00 pm on that day. (id:56688)
Property details
Coordinates: [47.531647, -52.86919]
Rooms
| Main level | Bath (# pieces 1-6) Bedroom Primary Bedroom Living room Dining room Kitchen | 7.10 x 6.2 null 11.0 x 9.8 null 10.11 x 11.6 null 13.7 x 14.1 null 9.3 x 8.11 null 9.6 x 15.9 null |
Basic Calculator
First Mortgage: $183,920
Mortgage insurance premium: $0
Total Financing: $183,920
Rough closing fee (1.5%): ~ $3,449
Total downpayment with estimated closing fee: $49,429
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $1,030 | $12,360 |
| Gross rental income (income/principal ratio) | 0.448% | 5.376% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $288 | $3,456 |
| Vacancy | $52 | $618 |
| Management Fee | $83 | $989 |
| Expense / Income Ratio | 27.96% | 27.96% |
| Cash Flow | $609 | $7,308 |
| Net Operating Income (NOI) | $609 | $7,308 |
| Capitalization Rate | 0.26% | 3.18% |
Get in touch
Have a question?
Send a message and Haris will get back to you — usually the same day.