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Listed by RE/MAX Infinity Realty Inc.
$289,900
Est. payment /mo
4 Beds
2 Baths
2,036 SqFt
UPDATED:
Key Details
Property Type 2 Apartment
Sub Type 2-Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 2,036 sqft
Price per Sqft $142
MLS Listing ID 1299804
Style Detached,Bungalow
Bedrooms 4
Full Baths 2
Year Built 1976
Annual Tax Amount $1,384
Tax Year 2026
Lot Dimensions 50x155
Property Sub-Type 2-Apartment
Source NLAR
Property Description
Welcome to 1589 Topsail Road. This home in Paradise offers an exceptional opportunity for first time buyers or investors looking to generate rental income with the benefit of the additional unit. At 1,018 sq ft per floor, the property sits on an oversized lot with rear yard access and room for additional vehicles. The main unit features 2 spacious bedrooms a bonus room, bright living room with hardwood floors and a recently refreshed kitchen with access to the back deck overlooking Neils Pond. The apartment unit offers its own two bedrooms, kitchen, living space and utility room. The basement has been refreshed in recent years with new paint, lighting, and flooring. Each unit is served by its own 100amp electrical panel. The lot overlooks Neils pond, giving the property unobstructed views along with direct access to the surrounding walking trails, a rare feature for a home in this price range and location. Previously generating $3,000/month in combined rent ($1,600 upper, $1,400 lower), the income potential speaks for itself. The property is located in a well-established area within walking distance of Sobeys, restaurants, coffee shops, shopping, and recreational facilities. The property is also zoned CM (Commercial Main Street) with the Town of Paradise, offering potential future development opportunities, subject to Town approvals and applicable regulations. There shall be no conveyance of offers until 11am on July 8th, 2026. Offers shall be left open until 4pm on the same day.
Location
Province NL
Zoning Res/Com
Interior
Heating Electric
Cooling Electric
Inclusions Appliances as viewed.
Exterior
Exterior Feature Vinyl
Parking Features None
Roof Type Shingle - Asphalt
Building
Foundation Concrete, Fully Developed
Sewer Septic
Water Municipal
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