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580 St. Thomas Line, Paradise, NL

Lovely, 2-Apartment Home in Paradise!

No credit or poor credit?  Can't get a mortgage but looking for your own home?  Go from renter to landlord in 1 easy step. 


We are offering this 7 year old house in Paradise as a rent to own until you get bankable and then you can buy us out with what remains owing.  Details are:

  • Appraised at $270,000

  • New construction in 2012

  • Large lot, 200 ft deep

  • Registered 2 apartment with its own meter

  • Comes with all appliances (including for the apartment)

  • Laminate and cushion floors throughout (no carpets)

  • Large rear deck with wheelchair ramp.

  • Full height undeveloped basement with its own entrance

  • 10’x12’ Shed

  • Apartment also has it’s own basement (lots of storage)

  • Apartment is rented for $750/mo POU


Basic RTO payment is $1,437/mo*  (based on 5.44% with 30 year amortization). With a rental income of $750 your share is only $687/mo!

*As with a bank financed purchase POU, property taxes, insurance, lenders default protection, and maintenance are extra.

We look for a 5% down-payment but depending on your situation we may have other options available.

For more information call Alfred at 749-5202 or submit your online application to check if you pre-qualify.

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