For sale · MLS® 1304665
91 Trenton Drive
Paradise, NL, A1L4B8
List price
$579,900
About this propertyMLS® 1304665
Brand-new construction in Paradise's Premier Emerald Ridge Subdivision on the POND side. Modern family home overlooking the serene Octagon Pond. This 1,559 sq ft, 3-bedroom, 2.5-bathroom two-storey home offers the perfect blend of modern design and functional living spaces. The main floor features an open-concept layout with a spacious great room flowing seamlessly into the dining area and well-appointed kitchen, complete with a pantry. Deck on the rear extends your living space outdoors, perfect for enjoying tranquil pond views as the sun sets. The attached garage provides ample storage and parking. The second floor has three generously sized bedrooms, including a luxurious master suite with spectacular pond views and an en-suite bathroom. Two additional bedrooms share a main 3-piece bathroom, while a convenient dedicated laundry room completes this level. One single-head mini-split heat pump included—8-year LUX New Home Warranty. Builder is including a $5000 HST Inc. appliance allowance and rear hydroseed landscaping as part of the asking price. Basement can be developed with an extra bedroom, rec room, and 3pc bath based on similar finishes for $40,000 plus HST. (id:56688)
Property details
Coordinates: [47.521813, -52.889414]
Rooms
| Second level | Bath (# pieces 1-6) Laundry room Bedroom Bedroom Ensuite Primary Bedroom | 3pc 5.8x4.1 null 10.6x10.8 null 12.10x9.6 null 3pc 17.2x12.8 null |
| Main level | Bath (# pieces 1-6) Kitchen Living room Dining room | 2pc 12.7x6.10 null 10.4x7.0 null 12.7x5.2 null |
Basic Calculator
First Mortgage: $463,920
Mortgage insurance premium: $0
Total Financing: $463,920
Rough closing fee (1.5%): ~ $8,699
Total downpayment with estimated closing fee: $124,679
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $1,715 | $20,580 |
| Gross rental income (income/principal ratio) | 0.296% | 3.549% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $725 | $8,700 |
| Vacancy | $86 | $1,029 |
| Management Fee | $138 | $1,647 |
| Expense / Income Ratio | 42.27% | 42.27% |
| Cash Flow | $768 | $9,216 |
| Net Operating Income (NOI) | $768 | $9,216 |
| Capitalization Rate | 0.13% | 1.59% |
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