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Listed 2 months ago

2263 Hwy 2 N/A

Rural Clarington, Clarington

$2,250,000

Detached|Bungalow
3 | 1 | 8
About this home

PRICED TO SELL & MOTIVATED! The seller is here to get this property sold and is ready to work with all interested parties. Property IS included in the Durham Region Urban Boundary, and the Municipality has officially started their Official Plan Review. With so much massive growth coming to the Clarington/Bowmanville area. Location doesn't get better than this: a rare and highly coveted 2.124-acre infill development opportunity offering an impressive 210.48 ft of frontage on prime Hwy 2, strategically positioned between Watson Farms and Maple Grove Road. The site is surrounded by rapid expansion and key amenities, sitting just minutes from major retail power center's (Walmart, Superstore, Home Depot), multiple sports complexes, the new Durham Region Police Headquarters, and the future GO Station. Situated right on public transit routes, the property also features an existing bungalow offering excellent potential for interim rental income while you secure your plans. The seller is open to a short-term Vendor Take-Back (VTB) mortgage for a portion of the purchase price, subject to the terms of the offer. Flexible closing is available. This opportunity absolutely checks all the boxes for investors and developers looking to capitalize on Bowmanville's expansion. Act now before it's gone! Extras: Gas on property, Municipal water available at lot line (property currently well/septic, no sewers).

Extras

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Got questions?

Contact Sell with Strategy.

Milad Momtaz Azad
Milad Momtaz Azad
(647) 510-8858
Julian Kashani
Julian Kashani
(416) 837-7775
TypeDetached
StyleBungalow
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$4,969
Lot Size210.26 ft x 671.38 ft
mls© NumberE13229752
Listed ByKeller Williams Energy Real Estate

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Schools

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$11,517
Property tax
$414
Heat allowance
$150
Housing costs
$12,081 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $450,000
25-yr amortization

Income needed

$372,000

gross annual household income

Payment at 4%
$9,468 / mo
Cash down
$450,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

Values and trends

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