118 Bluffs Road

Newcastle, Clarington

118 Bluffs Road, Newcastle, Clarington

$679,900


Bedrooms: 2

Bathrooms: 3

Living Area: 1,100 sqft

Price Per Sqft: $618.09


About this Detached

in Newcastle, Clarington

Welcome to this well-maintained 2 Bedroom bungalow with rarely offered full height basement and single car garage, situated in the sought-after adult lifestyle community of Wilmot Creek, along the shores of Lake Ontario in Newcastle. This home provides a comfortable and practical layout suited for easy, everyday living. The vaulted ceiling and large windows bring natural light into the open-concept living and dining areas, creating an inviting space for both relaxing and entertaining. The main floor features 2 bedrooms and 2 full bathrooms, plus main a floor laundry, very smart layout (see floorplans). The primary bedroom features a large walk-in closet and private 4-piece ensuite, while the second bedroom offers flexibility for guests, a home office, or hobbies. The unfinished full height basement already has a powder room and provides tons of storage and the opportunity to customize additional living or recreation space to suit your needs. Shingles replaced in 2017 and Furnace new in 2018. Land Lease $1,300 per month + 2026 Property Taxes Estimated at $236.84/mth = $1,536.84/mth + flat rate of $45/mth water usage. Lease includes Water/Sewer, Driveway & Road snow removal, and access to all amenities (golf course, Recreation Centre, horseshoes, lawn bowling, tennis courts, pools, gym and saunas etc.) Please note, each unit has a maximum occupancy of 2 Adults.

Listed by ROYAL HERITAGE REALTY LTD..


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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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