242 Flood Avenue

Newcastle, Clarington

242 Flood Avenue, Newcastle, Clarington

$949,900


Bedrooms: 4

Bathrooms: 4

Living Area: 2,000 sqft

Price Per Sqft: $474.95


About this Detached

in Newcastle, Clarington

Step into this bright, modern 4-bedroom, 3.5-bathroom detached home located in one of Newcastle's most family-friendly neighbourhoods. Designed with everyday living in mind, this well-maintained property offers a functional layout, natural light throughout, and the flexibility.The main floor features an open and welcoming living space with a cozy fireplace, a practical kitchen with stainless steel appliances, centre island, and ample cabinetry, along with a spacious dining area ideal for family meals and entertaining. Upstairs, the primary bedroom includes two walk-in closets and a private ensuite, while the additional bedrooms are generously sized and filled with natural light. A separate side entrance to the basement provides excellent potential for an in-law suite or future rental use, offering added versatility and long-term value. Conveniently located close to schools, parks, recreation facilities, shopping, restaurants, GO Transit, and quick access to the 401, this home presents a great opportunity for buyers seeking comfort, location, and flexibility in a growing community.

Listed by REMIC 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


     
Asking Price: Interest Rate (%):
Amortization:  
Percent Down:
Down Payment:
First Mortgage:
CMHC Prem.:
Total Financing:
Monthly P&I:
* This material is for informational purposes only.

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