667 Townline Road N,Clarington, ON L1E 2J4
Clarington, ON L1E 2J4
Description
A high-yield asset combining immediate cash flow, significant capital improvements, andlong-term development potential. Situated on a massive lot in a prime Courtice location, thisproperty is flanked by custom-built estates, offering a clear path to future appreciation.Immediate Income Stream:Detached Workshop Revenue: Includes a 22.5' x 25' insulated workshop equipped with 230V powerand a separate gas furnace. Currently generating $1,000/month ($12,000/year) in rental income.High-Capacity Residential: The 5-bedroom, 3-bathroom layout maximizes rental yield, catering tothe high demand for multi-room rentals or large family dwellings.Major Capital Expenditures Completed (2024)Minimize your carrying costs and maintenance reserves with recent high-value upgrades:Interior (2024): Brand-new laminate flooring throughout, new chandeliers, and three fullyrenovated bathrooms (including a primary ensuite with a sleek glass shower).Appliances (2024): New fridge, dishwasher, washer, and dryer included.Building Envelope: Durable metal roof installed in 2018, providing long-term protection andlower insurance premiums.Strategic Asset Value:The Lot: An expansive footprint offering ample space for potential future expansions, gardensuites (ADU), or severance/redevelopment (buyer to verify).The Layout: A versatile 1.5-storey floor plan featuring a main-floor home office, twomain-floor bedrooms, and two generous upstairs bedrooms.Location: Prime Courtice North placement ensures high tenant demand and proximity to transitand essential amenities.This is a "buy and hold" or "New Build" play with a turn-key interior and a rare secondaryincome source that offsets mortgage costs from day one.
Details
| MLS # | E13529452 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | New |
| Year | 0 |
| Days On Site | 45 |
| Listing Provided By | ROYAL LEPAGE IGNITE REALTY | E13529452 265900 |
Features
| Bed(s) | 5 |
|---|---|
| Bath(s) | 3 |
| Garage | 1 |
| Story(s) | 1 |
| Acreage | 0.50 |
Interior
| Interior Features | Primary Bedroom - Main Floor |
|---|---|
| Cooling | Central Air |
| Heat Source | Gas |
| Fireplace Yes / No | No |
Exterior
| Roof | Asphalt Shingle |
|---|---|
| Foundation Details | Concrete |
| Construction Materials | Brick |
Parking
| Garage Yes / No | Yes |
|---|---|
| Parking Features | Circular Drive, Private Double |
Utilities
| Sewer | Septic |
|---|
Taxes
| Tax Annual Amount | 5555.63 |
|---|---|
| Tax Legal Description | PT LT 35 CON 3 DARLINGTON AS IN N142397, S/T & T/W N142397; CLARINGTON |
| Tax Year | 2025 |
Area Information
| Province | ON |
|---|---|
| Region | Durham |
| City | Clarington |
| Postal Code | L1E 2J4 |
| Area | Courtice |
| Listing VS Median (in L1E 2J4) | |
Price: $898,000 low | high Med: $1,999,000 On site: 45 low | high Med: 1275 | |
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Learn More About This Property
| Province | ON |
|---|---|
| Region | Durham |
| City | Clarington |
| Postal Code | L1E 2J4 |
| Area | Courtice |
| Listing VS Median (in L1E 2J4) | |
Price: $898,000 low | high Med: $1,999,000 On site: 45 low | high Med: 1275 | |
