1589 Topsail Road Paradise, Newfoundland & Labrador A1L 1V1

$289,900

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. (id:28789)

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https://www.realtor.ca/real-estate/29984649/1589-topsail-road-paradise