For sale · MLS® 1304727
101 Trenton Drive
Paradise, NL, A1L4B7
List price
$619,500
About this propertyMLS® 1304727
Welcome to Emerald Ridge, one of Paradise's newest communities, nestled in the highly sought-after Octagon Pond neighbourhood. Built by Kestrel Developments, this thoughtfully designed bungalow offers a modern layout, quality finishes, and an exceptional location. Construction is complete, and the home is ready for immediate occupancy. Ideally located within walking distance of schools, walking trails, and everyday amenities, the property also enjoys scenic views of Octagon Pond, combining convenience with a peaceful setting. The bright, open-concept main floor features 9-foot ceilings and a functional layout designed for everyday living. The spacious living area flows effortlessly into the kitchen, complete with a large centre island that's perfect for gathering with family and friends. Patio doors lead to a raised rear deck, while main floor laundry adds to the home's practical design. The primary bedroom includes a walk-in closet and private ensuite, while two additional bedrooms and a full bathroom are thoughtfully positioned to provide separation from the main living space. The partially developed basement offers plenty of room to grow, with the potential for a large family room, gym space, up to two additional bathrooms and ample storage, allowing you to finish the space to suit your lifestyle. Additional features include contemporary finishes throughout, an attached garage, a double paved driveway, front and rear landscaping and the peace of mind of an 8-year LUX New Home Warranty. HST is included in the purchase price, with any applicable rebate to be assigned to the vendor. A fantastic opportunity to own a quality new home in one of Paradise's most desirable neighbourhoods. (id:56688)
Property details
Coordinates: [47.521414, -52.889747]
Rooms
| Main level | Other Bath (# pieces 1-6) Bedroom Bedroom Ensuite Primary Bedroom Living room Dining room Eat in kitchen | 17 x 20 null 9.5 x 6 null 10.4 x 9.8 null 10.4 x 9.8 null 5.5 x 5.2 null 12 x 12 null 12 x 16 null 12 x 10 null 13 x 12 null |
Basic Calculator
First Mortgage: $495,600
Mortgage insurance premium: $0
Total Financing: $495,600
Rough closing fee (1.5%): ~ $9,293
Total downpayment with estimated closing fee: $133,193
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,883 | $34,596 |
| Gross rental income (income/principal ratio) | 0.465% | 5.585% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $775 | $9,300 |
| Vacancy | $145 | $1,730 |
| Management Fee | $231 | $2,768 |
| Expense / Income Ratio | 26.88% | 26.88% |
| Cash Flow | $1,734 | $20,808 |
| Net Operating Income (NOI) | $1,734 | $20,808 |
| Capitalization Rate | 0.28% | 3.36% |
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