For sale · MLS® 1305302
16 Mountaineer Drive
Paradise, NL, A1L0T6
List price
$450,000
Seller's direction · offers
No conveyance of offers until
Tuesday, November 17 at 5:00 a.m. NST · open for acceptance until 10:00 p.m. NST
7
days left
As per Seller’s Direction, no offers will be conveyed until Tuesday, November 17, 2026 at 5:00 p.m., and offers are to remain open for acceptance until 10:00 p.m.
Deadline extracted automatically from the listing remarks — it may be missing, incomplete, or out of date. Always confirm offer terms with the listing brokerage.
About this propertyMLS® 1305302
This registered two-apartment bungalow built by ERCO Homes sits in Paradise’s Adams Pond Subdivision. Investors get two rentable units, and owner-occupants can let the basement apartment help carry the mortgage. The main floor unit has a spacious eat-in kitchen with a patio door to a 10x12 deck, a separate living room, three bedrooms and two bathrooms, including an ensuite off the primary bedroom. The main unit also includes a large room in the basement, suited to a rec room or home office. The main unit is now vacant, so a buyer can move in on closing or place a new tenant. The semi-above-ground basement apartment has its own [walkout/separate] entrance, two bedrooms, a full bathroom, a living room and a fully equipped eat-in kitchen. With both units rented at market rates, combined income is estimated at $3,500 per month. Approximate monthly electricity costs are $300 in winter and $100 in summer for the main unit, and $230 in winter and $120 in summer for the basement apartment. Recent updates include laminate flooring in the primary bedroom (2023), a Maytag washer (2023), a new dishwasher (2024) and two resin storage sheds. There is ample parking for both units and their guests in the driveway, about four spaces. The 2.7 km Adams Pond Trail loops the pond near Mountaineer Drive, with docks along the way. There are several nearby recreational amenities including Paradise Park’s splash pad, playground and dog parks are a short drive away. Along with shopping amenities including Paradise Plaza and the Topsail Road shopping corridor. Holy Family Elementary and several licensed daycares are in the St. Thomas Line area. As per Seller’s Direction, no offers will be conveyed until Tuesday, November 17, 2026 at 5:00 p.m., and offers are to remain open for acceptance until 10:00 p.m. the same day. (id:56688)
Specifications
Property details
Overview
The home
Systems & utilities
Size & land
Taxes
Parking & outdoor
Features
Fees & source
Room by room
Rooms
| Basement | Not known Bath (# pieces 1-6) Not known Not known Not known Not known Not known Recreation room | 10'5x12'2 9'1x8'5 11'6x7'11 6'8x8'3 15'10x11' 11'1x9'0 8'1x9'0 13'0x13'7 |
| Main level | Laundry room Ensuite Primary Bedroom Bedroom Bedroom Bath (# pieces 1-6) Foyer Living room Kitchen | 5'7x5'10 5'9x5'2 10'7x12'5 9'0x12'1 9'3x13'5 8'3x8'3 5'8x6'1 11'5x13'4 13'0x 12'9 |
The neighbourhood
Paradise at a glance
Live market stats for Paradise — what's for sale, what it costs, how it compares to nearby towns, and how walkable this address is.
Homes for sale here
156
Median list price
$515k
Price range
$125k – $6M
Typical build
2013
Average size
2,614 sqft
Where Paradise listings are priced
Every active list price in Paradise, grouped into bands.
List price, thousands of $ · 153 homes
View as table
| Price band ($) | Listings |
|---|---|
| <200 | 3 |
| 200–300 | 8 |
| 300–400 | 17 |
| 400–500 | 43 |
| 500–750 | 64 |
| 750–1M | 12 |
| 1M+ | 6 |
How Paradise compares
Median list price against the next biggest markets — click a row for that area guide.
The essentials
Location, air, flood & taxes
Flood (100-yr)
outside the mapped floodplain
Elevation
144 m
0300 mmetres above sea level
Air quality now
1–3 band
110+AQHI 2 · Low risk · St. John's · updated 9:00 p.m.
Property tax
$3,054 / year
≈ $255 / month · assessment year 2025
Climate
Feb -1° · Jul 21°
normal daily high · ST JOHN'S A station · 1981–2010
Amenity constellation
compass view · OpenStreetMap · ODEF schools
Nothing mapped within 1.5 km of this address yet — dots appear here once OpenStreetMap coverage reaches it (coverage is thin outside the Avalon).
Nearby & drive routes
0 places shown · OpenStreetMap · OSRM
No amenities mapped within 1.5 km of this address yet — OpenStreetMap coverage is thin outside the Avalon, so nearby shops and schools may not appear here.
Nothing mapped within 1.5 km of this address.
Cost & context
What this home really costs
Winter heat, five years of ownership, how this price sits against the market, and what the map says is within walking distance — every figure captioned with its assumptions.
Winter warmer
Jan–Mar · estimate
$453/mo
Est. winter heating (electricity) — about $1,359 for January through March.
Estimate — not an appraisal. electricity at 15.587¢/kWh (Newfoundland Power, eff. Jul 1 2026, pre-HST). 2,089 sqft. Severity 1.00× St. John's from the ST JOHN'S A station 1981–2010 normal. Jan–Mar only; excludes HST, hot water, cooking and any cooling.
5-year cost of ownership
20% down · 25-yr
5-year all-in: $157,083
Closing costs + five years of running costs + 60 mortgage payments on a $450,000 home.
If rates rise 2 points
$25,711 more over five years if the rate is 6.44% instead of 4.44% — P&I only.
Once, at closing
- Land transfer (registration) fee$100 + $0.40 per $100 over $500, capped at $5,000$1,898
- Legal feesest.estimate — your lawyer quotes the exact figure$1,500
- Down payment (20%)$90,000
Every year
- Heatingest.2× the Jan–Mar estimate (heating season ≈ 6 months)$2,718
- Property taxfrom the feed$3,054
- Home insuranceest.estimate — NL range $700–$1,500/yr$1,100
× 5 years = $34,360
By down payment
| Down | Payment | 5-yr all-in | Note |
|---|---|---|---|
| 5% | $2,362 | $179,457 | needs mortgage insurance (not modelled) |
| 10% | $2,237 | $171,999 | needs mortgage insurance (not modelled) |
| 20% | $1,989 | $157,083 | no mortgage insurance |
Estimates — not a quote or an appraisal. Mortgage at 4.44% (best market 5-yr fixed, Ratehub.ca, 2026-11-10), 25-year amortization, P&I only. Land transfer fee: Registry of Deeds schedule ($100 + $0.40/$100 over $500, cap $5,000). Legal $1,500 and insurance $1,100/yr (NL range $700–$1,500) are estimates. Heating is 2× the Jan–Mar winter estimate. 5-year all-in = closing costs + 5 years of running costs + 60 mortgage payments; it excludes CMHC insurance (needed below 20% down), utilities other than heat, and maintenance.
Rate time machine
same house · same down payment
Same house, same down payment — your payment today at 4.44%best market rate · posted was 6.19%
- Today, best market rate2026-11-10 · 4.44%$1,989/mo
- Today, posted2026-11-04 · 6.19%$2,361/mo
- 5 years ago2021-11-03 · 4.79%$2,061/mo
- 10 years ago2016-11-02 · 4.64%$2,030/mo
At 6.19% — five years ago — the same mortgage would have cost $373 more each month than at today's posted rate.
Principal & interest only: $360,000 (80% of the $450,000 asking price — 20% down), 25-year amortization. No taxes, insurance, fees, or mortgage insurance. Today's rate is the Bank of Canada conventional 5-year rate observed 2026-11-04. The 5- and 10-year rows are two documented observations of that same series (2021-11-03 = 4.79%, 2016-11-02 = 4.64%, retrieved 2026-11-01 from bankofcanada.ca/valet) — fixed reference points, not a modelled path between them. Estimate — not an offer of credit; your lender's rate will differ.
Price ghosts
$/sqft vs 133 active
Priced at the 32nd percentile of active Paradise homes
$215/sqft — city median $225/sqft.
Ask this listing
open data · 1 question
- In the 100-year floodplain?No — outside itCity of St. John's flood map
From OpenStreetMap + ODEF schools (straight-line distance) and the City of St. John's flood & zoning maps. Flood and zoning are mapped for St. John's only; elsewhere those questions don't appear because we don't know the answer.
Monthly carrying cost
$2,066/mo
Plan ahead
Calculators
Estimate payments and returns before you make an offer — all in one place.
Plan ahead
Mortgage & investment calculator
Estimated monthly payment
$255/mo
Principal & interest $0 + property tax $255 per month
Financing breakdown
Rental math
Investment calculator
Monthly cash flow
$-562
NOI / month
$-562
Cap rate
-1.50%
Gross yield
0.00%
| Line item | Monthly | Yearly |
|---|---|---|
| Gross rent | $0 | $0 |
| Mortgage | $0 | $0 |
| Property tax | $255 | $3,054 |
| Expenses | $308 | $3,696 |
| Vacancy | $0 | $0 |
| Management | $0 | $0 |
| Cash flow | $-562 | $-6,744 |
| NOI | $-562 | $-6,744 |
Flip rule of thumb: buy at ≤ 70% of ARV minus repair costs.
Get in touch
Have a question?
Send a message and Haris will get back to you — usually the same day.
Talk to Haris
A real person, every time
Buying, selling, or just curious about what your home is worth — no call centres, no runaround.
- Call or text416-873-4676
- Emailharis@barki.co
- Office17 Duffy Place, Suite 200, St. John's
Keller Williams Platinum Realty
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