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Listed 9 days ago

2337 Hwy 2 Highway

Bowmanville, Clarington

$1

Detached|2-Storey
6 | 1 | 10
About this home

1.152-acre property situated along Highway 2 in Clarington, within a rapidly growing and highly sought-after residential and commercial hub. Surrounded by established residential subdivisions and commercial amenities, this property offers excellent potential for future development, subject to necessary approvals. Regional Official Plan designation of Community Area with Agricultural zoning currently in place. Conveniently located less than 10 minutes from the future Courtice GO Station, with easy access to Highways 2, 418 and 401. Adjacent 0.74-acre property also available for sale, offering an opportunity to assemble approximately 1.892 acres for expanded development potential. Property is being marketed for land value.

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agent
Jonathan Lee
(647) 983-0770
TypeDetached
Style2-Storey
Approx. AgeNot available
Size2500-3000 sq. ft.
Property Tax$6,962
Lot Size160 ft x 330 ft
mls© NumberE14094806
Listed ByKeller Williams Energy Real Estate

Listing History

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

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What the bank counts

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

Mortgage, tested at 6%
$0
Property tax
$580
Heat allowance
$150
Housing costs
$730 / mo

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

Down payment20% · $0
25-yr amortization

Income needed

$22,000

gross annual household income

Payment at 4%
$0 / mo
Cash down
$0

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

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