For sale · MLS® 1304950
79 Acharya Drive
Paradise, NL, A1L2T1
List price
$579,900
About this propertyMLS® 1304950
Space, rental income, and a layout that breaks from the usual come together in this quality-built two-apartment home. With more than 1,400 square feet on the main level, this is definitely not your standard split-entry setup. The main unit features an open-concept design that keeps the principal living spaces connected and easy to enjoy. The open concept design flows seamlessly between the kitchen, with center island, and large bright living room. Its large primary bedroom includes a walk-in closet and ensuite, while the remaining bedrooms provide flexibility for everyday needs. Downstairs, the main unit continues with a family room and fourth bedroom, adding valuable space for movie nights, guests, hobbies, or a home office. Across the property, five bedrooms and three bathrooms offer a practical amount of room for owners and tenants alike. The apartment adds built-in income and is leased at $1,200 per month until May 2027, with the tenant paying their own utilities. That longer-term lease can offer welcome predictability for a buyer planning ahead—because surprises are more fun at birthday parties than on a monthly budget. A storage shed provides extra room for seasonal items, tools, and outdoor gear. The neighbourhood also keeps daily life convenient, with Acharya Drive Park just a short walk away makes its perfect for a young family. Explore the space, income potential, and convenient Paradise location for yourself—book your private viewing today. No conveyance of any offer until 4:00 pm on November 3, 2026. All offers to remain open until 9:00 pm on November 3, 2026. (id:56688)
Property details
Coordinates: [47.538547, -52.894682]
Rooms
| Basement | Not known Not known Not known Family room Bedroom | 1010x10.5 null 9.4x14.7 null 18.9x14.7 null 17.5x14.3 null 10.8x18.10 null |
| Main level | Primary Bedroom Bedroom Bedroom Eating area Kitchen Living room | 13.5x13.3 null 9x16.3 null 8.5x17.1 null 11.9x9.7 null 16.2x13.7 null 11.9x15.2 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 | $3,078 | $36,936 |
| Gross rental income (income/principal ratio) | 0.531% | 6.369% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $725 | $8,700 |
| Vacancy | $154 | $1,847 |
| Management Fee | $247 | $2,955 |
| Expense / Income Ratio | 23.55% | 23.55% |
| Cash Flow | $1,953 | $23,436 |
| Net Operating Income (NOI) | $1,953 | $23,436 |
| Capitalization Rate | 0.34% | 4.04% |
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