For sale · MLS® 1304696
7 Prominence Place
Paradise, NL, A1L4M4
List price
$599,900
About this propertyMLS® 1304696
Welcome to 7 Prominence Place, a modern split entry 2-apartment home with an attached garage located in a family friendly CUL-DE-SAC! The bright, open-concept main floor seamlessly connects the kitchen, dining, and living areas, creating a welcoming space for family time or entertaining. The contemporary kitchen features a large island—perfect for casual meals or gatherings. The home offers two great-sized bedrooms on the main floor, including a primary suite with a walk-in closet and ensuite, along with a full main bathroom. Convenient main-floor laundry adds to everyday ease. The basement apartment features an open-concept living and kitchen area, two bedrooms, a full bathroom, and its own laundry—an ideal setup for guests, extended family, or income potential. Additional features include a mini-split heat pump (1) for energy-efficient comfort, front landscaping, front and back patios for outdoor enjoyment, and double paved driveway. Ideally situated close to schools, daycare, Sobeys, liquor stores, brand-new retail plazas, rec centre, and scenic walking trails— versatile space and design for first-time buyers, upsizers or downsizers! (id:56688)
Property details
Coordinates: [47.551342, -52.891746]
Rooms
| Basement | Bath (# pieces 1-6) Not known Not known Not known Not known | 4pc 9.10 x 9.10 null 10.1 x 9.8 null 10.8 x 13.0 null 10.0 x 13.0 null |
| Main level | Bedroom Ensuite Primary Bedroom Bath (# pieces 1-6) Kitchen Dining room Living room | 10.1 x 10.6 null 4pc 12.9 x 13.6 null 4pc 13.0 x 13.2 null 13.0 x 8.2 null 13.0 x 12.9 null |
Basic Calculator
First Mortgage: $479,920
Mortgage insurance premium: $0
Total Financing: $479,920
Rough closing fee (1.5%): ~ $8,999
Total downpayment with estimated closing fee: $128,979
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $2,616 | $31,392 |
| Gross rental income (income/principal ratio) | 0.436% | 5.233% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $750 | $9,000 |
| Vacancy | $131 | $1,570 |
| Management Fee | $210 | $2,512 |
| Expense / Income Ratio | 28.67% | 28.67% |
| Cash Flow | $1,526 | $18,312 |
| Net Operating Income (NOI) | $1,526 | $18,312 |
| Capitalization Rate | 0.25% | 3.05% |
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