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$990,000
Clarington
50 Liberty Street North, Clarington (Bowmanville), Ontario, L1C2L7
This 3-bedroom, 2-bathroom home in Clarington is for sale offering roughly 900 sq ft of space. It has been on the market 34 days, fresher than the Clarington average of 56 days.
Attention Developers, Builders & Investors! A rare opportunity to acquire a prime ~2-Acre Land Assembly in the heart of rapidly growing Bowmanville. Combining 50 & 54 Liberty St N, this high-density redevelopment site is perfectly positioned for a projected 31-84 unit townhouse development. Capitalize on the exploding housing demand in Clarington with a site that offers incredible scale and high-yield potential. While you secure your zoning amendments and municipal architectural permits, enjoy strong, immediate holding income of $5500.00/month from the existing stable tenancies to offset soft costs. Unbeatable, transit-oriented location just minutes to Highway 401 & 407, local schools, parks, shopping, and the upcoming Bowmanville GO Station expansion. Walk to historic Downtown Bowmanville. Properties sold together as a package assembly. Don't miss this lucrative, turnkey development asset! Seller already has a development proposal drawn up for 31-84 unit townhouse. (id:66096)
Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.
Features and services as supplied by the listing brokerage.
Extended: 34 days on market, against an average age of 56 days across the listings currently for sale in this city
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.
This 3-bed single family in Clarington (Bowmanville) has been listed for 34 days, which is 22 days fresher than the city average of 56. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $990,000, about 9.1× the local median household income of $109,000.
Carrying it typically needs a household income of about $193,382 (20% down, 25-yr amortization, stress-tested) — roughly 77% above the area median.
Source: Statistics Canada, 2021 Census (FSA L1C)
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Loading rates, 30-yr amortization
Cash Needed to Close
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