For sale · MLS® 1304812
322 Lanark Drive
Paradise, NL, A1L0M3
List price
$599,900
About this propertyMLS® 1304812
322 Lanark Drive, an impressive two-apartment property offering almost 3,000 square feet of living space, incredible pond views, and a layout that perfectly combines comfort, functionality, and a touch of everyday luxury! Let’s start with the showstopper — THE VIEW! Backing directly onto picturesque Adams Pond, this property offers a breathtaking natural backdrop that transforms ordinary everyday living into something extraordinary. Step outside onto the oversized rear deck, where the peaceful pond views take centre stage. Whether you’re enjoying your morning coffee, hosting summer gatherings, or simply unwinding after a long day, this is the kind of outdoor space that makes you never want to leave home. Wait until you see the primary suite! Forget the ordinary bedroom — this is a private retreat designed for relaxation! Ensuite complete with a large corner jetted tub, separate shower, and its own mini-split for personalized comfort, this space brings a little spa-like luxury right into your home. Add in a walk-in closet equipped with plenty of storage racks and organizational space, not to forget the patio door exiting directly from the bedroom onto your oversized deck and you’ve got a primary suite that checks boxes you didn’t even know you had! The main residence offers three bedrooms and two full bathrooms, with a spacious layout designed for comfortable everyday living. A mini-split in the main living area provides additional year-round comfort, while convenient main-floor laundry makes day-to-day living that much easier. BUT THERE’S MORE — AND THIS IS WHERE THE POSSIBILITIES REALLY OPEN UP! The property also features a spacious TWO-BEDROOM APARTMENT, complete with its very own rear deck! Whether you’re looking for rental income to help offset your mortgage, space for extended family, or a smart investment opportunity, this additional living space adds tremendous versatility and value. Sellers Direction - Nov 2 at 6pm Please leave offers open until 11pm (id:56688)
Property details
Coordinates: [47.53293, -52.884919]
Rooms
| Basement | Bath (# pieces 1-6) Not known Not known Not known Not known Not known | 12.2 x 5.10 null 11.6 x 10.3 null 11.8 x 11.10 null 13.5 x 6.7 null 15.4 x 11.6 null 8.1 x 10.10 null |
| Main level | Bedroom Bedroom Ensuite Primary Bedroom Bath (# pieces 1-6) Living room Dining room Kitchen | 10.9 x 8 null 13 x 9.7 null 8.3 x 8.5 null 14.1 x 11.4 null 5.9 x 8.10 null 15.2 x 11.9 null 13.10 x 11.3 null 13.10 x 11.3 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 | $3,193 | $38,316 |
| Gross rental income (income/principal ratio) | 0.532% | 6.387% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $750 | $9,000 |
| Vacancy | $160 | $1,916 |
| Management Fee | $256 | $3,066 |
| Expense / Income Ratio | 23.49% | 23.49% |
| Cash Flow | $2,028 | $24,336 |
| Net Operating Income (NOI) | $2,028 | $24,336 |
| Capitalization Rate | 0.34% | 4.06% |
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