Detached House for sale in Paradise, Newfoundland & Labrador. Listed at $450,000.
5 bedrooms · 3 bathrooms · 2258 sq ft · Built in 2012
MLS® 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. Basement unit currently rented on a month-to-month lease. 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:27495)
Listing courtesy of Royal LePage Property Consultants Limited · Alex Crosbie
Communities.ca Inc.
Stuart Hall, REALTOR® · Licence #LIC-00651009 · Century 21 Bravo
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