304 West Scugog Lane

Bowmanville, Clarington

304 West Scugog Lane, Bowmanville, Clarington

$779,000

Bedrooms: 3

Bathrooms: 2

Living Area: 700 sqft

Price Per Sqft: $1,112.86

About this Detached

in Bowmanville, Clarington

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

Listed by PROPERTY MAX REALTY INC..

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LAND TRANSFER TAX CALCULATOR

Purchase Price  
First-Time Home Buyer
Ontario Land Transfer Tax
Toronto Land Transfer Tax

Province of Ontario (effective January 1, 2017)

For Single Family or Two Family Homes

  • Up to and including $55,000.00 -> 0.5%
  • $55,000.01 to $250,000.00 -> 1%
  • $250,000.01 to $400,000 -> 1.5%
  • $400,000.01 & $2,000,000.00 -> 2%
  • Over $2,000,000.00 -> 2.5%

First-time homebuyers may be eligible for a refund of up to $4,000.

Source: Calculating Ontario Land Transfer Tax
Source: Ontario Land Transfer Tax for First-Time Homebuyers

City of Toronto (effective March 1, 2017)

For Single Family or Two Family Homes

  • Up to and including $55,000.00 -> 0.5%
  • $55,000.01 to $250,000.00 -> 1%
  • $250,000.01 to $400,000 -> 1.5%
  • $400,000.01 & $2,000,000.00 -> 2%
  • Over $2,000,000.00 -> 2.5%

First-time homebuyers may be eligible for a rebate of up to $4,475.

Source: Municipal Land Transfer Tax Rates and Calculations
Source: Municipal Land Transfer Tax Rates Rebate Opportunities

MORTGAGE CALCULATOR

     
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* This material is for informational purposes only.

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