$699,999

For saleJust listed

304 West Scugog Lane, Clarington (Bowmanville) - Single Family for Sale

304 West Scugog Lane, Clarington (Bowmanville), Ontario, L1C3K2

3 beds2 baths7 parking900 ft²194 × 134 ft (25,929 sq ft) lot sizeListed Today

Overview

This 3-bedroom, 2-bathroom home in Clarington is for sale offering roughly 900 sq ft of space. Listed at $699,999, it is attractively priced about 12% below the $797,500 median asking price in Clarington. It has been on the market 0 days, fresher than the Clarington average of 55 days.

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Description

Attention Developers, Investors, and Builders! An exceptional opportunity awaits at 304 West Scugog Lane in Clarington, a rapidly growing area with strong future development potential. This large lot includes a well-kept 3-bedroom bungalow currently occupied by a tenant-providing immediate rental income-and a heated detached garage ideal for storage or workshop use, while the true value lies in the land, with potential to build two detached homes or four semi-detached homes (buyer to verify zoning and approvals). The location is excellent for commuters, offering quick access to Highways 401, 407, and 418, with the eastern extension of Highway 407 between Pickering and Clarington now toll-free for more affordable travel, and convenient DRT and GO Transit links for commuting to Toronto. Families will appreciate nearby schools such as Courtice North Public School, Dr. Emily Stowe Public School, Lydia Trull Public School, and Courtice Secondary School, all of which are listed in the Fraser Institute's report cards and recognized within the Kawartha Pine Ridge District School Board. With neighbourhood growth accelerating, increased redevelopment activity, and rising demand for new housing, this property offers immense upside whether you choose to develop now or hold for long-term appreciation*** Potential for 4 Semi-Detached*** Please verify with City of Clarington (id:66096)

Property Details

MLS®: E14155554
Property Type: Single Family
Zoning: Residential
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 2
Half Baths: 1
Parking: 7
Interior Size: 900 ft²
Lot Size: 194 × 134 ft (25,929 sq ft)
Frontage: 194 ft
Storeys: 2
Basement: Unfinished, N/A
Heating: Forced air, Natural gas
Cooling: None
Garage: Detached Garage, Garage
Fireplace: Yes
Ownership

Rooms

Main level

Dining room: 2.85 x 3.23 meters
Kitchen: 2.91 x 4.04 meters
Living room: 4.1 x 4.27 meters
Primary Bedroom: 2.65 x 3.19 meters
Office: 1.83 x 3.75 meters

Second level

Bedroom 2: 2.91 x 2.69 meters
Bedroom 3: 4.14 x 3.67 meters

Basement

Recreational, Games room: 1 x 1 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Appliances: Washer, Refrigerator, Stove, Dryer
Flooring: Hardwood, Laminate, Carpeted
Foundation: Concrete
Exterior: Brick
Lot Features: Irregular lot size, Flat site

Services

Water: Municipal water
Sewer: Sanitary sewer
Utilities: Sewer, Electricity, Cable

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Clarington (Bowmanville) listings, avg age

55d

Price / ft²

$778

List price

$700K

Homes here sell faster than most markets

Sold homes in this market spent an average of 27 days on the market over the past year, against a median of 48 days across the markets we publish.

Homes here sell close to asking price

Homes in this market sold for an average of 98.6 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.

Haho

This 3-bed single family in Clarington (Bowmanville) has been listed for 0 days, which is 55 days fresher than the city average of 55. Act while there is still low competition.

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Listed by PROPERTY MAX REALTY INC. · Monisha Mohavarothayarajah Monisha Mohavarothayarajah

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L1C)

This home lists at $699,999, about 6.4× the local median household income of $109,000.

Carrying it typically needs a household income of about $136,734 (20% down, 25-yr amortization, stress-tested) — roughly 25% above the area median.

Median household income: $109,000
Population: 50,217
Median age: 37.2
Owner / renter: 80% / 20%
Avg. household size: 2.8

Source: Statistics Canada, 2021 Census (FSA L1C)

$699,999· $778/ft²

For sale

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Full Cost Breakdown

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Down Payment6.43% · $44,999.90

Min 6.43%50%

Mortgage payment$3,631/mo

↳ CMHC premium ($26,200 capitalized)

Property tax (est.)$348/mo

Total monthly$3,980

Cash Needed to Close

Down payment (6.43%)$45,000

Land transfer tax$10,475

Est. closing costs$4,600

Total cash needed$60,075

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