For Sale · Specialty

1591 Topsail Road, Paradise

1591 Topsail Road, Paradise, Newfoundland & Labrador A1L1S7

$525,000 total

—

Asset Class

Specialty

Size

—

Building class

C

Zoning

DC2 — Site Specific

$ / SF

—

Occupancy

87%

Year Built

1970

About this property

Investment opportunity in Paradise. 1591 Topsail Road is a registered four-unit property in one of the town’s fastest-growing areas, featuring direct backyard access to the scenic pond trail and excellent convenience. The location places you close to a variety of amenities, restaurants, and the Paradise Town Centre. Families will also appreciate being near schools, with a brand-new high school currently in development, which adds to the long-term appeal of this property. The building includes four fully registered units with electric heat throughout. There are three one-bedroom apartments and one two-bedroom unit with a full bath. Key upgrades have already been completed, including the roof, windows, and half the siding within the last 10 years. One unit still requires significant renovations, creating an excellent opportunity for a buyer who wants to build equity and add value. This property works well for both investors and owner-occupiers. Live in one unit while the others help cover expenses, or renovate the final unit to maximize rental income and transform the building into a strong cash-flowing investment. With direct pond access, a prime location, and steady rental demand, 1591 Topsail Road is priced attractively compared to similar multi-unit properties. Book your viewing today to see the potential for yourself. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$525K
Down payment30% · $158K
Interest rate6.25%
Amortization25 years
Occupancy87%
Expense growth2.5%

Monthly debt service

$2K

Projected NOI

$29K

Annual cash flow

$-66

Cash-on-cash

-0.04%

DSCR

1.00

Going-in cap

5.53%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

41,256

Households

14,292

Median income

$99,000

Median age

32.7

Daytime population

42,377

5-yr growth

8.1%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 1591 Topsail Road, Paradise.

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.