1330 Church Street

Newcastle, Clarington

1330 Church Street, Newcastle, Clarington

$1,499,999

Bedrooms: 3

Bathrooms: 2

Living Area: 1,500 sqft

Price Per Sqft: $1,000.00

About this Detached

in Newcastle, Clarington

Opportunity for Spacious Bungalow Home AND Development Upside! Option for vacant occupancy OR owner leaseback. Well maintained property in quiet dead end neighborhood. Potential for 5 vacant lots ON TOP of existing home - THREE premium oversize 9000 SQFT lots & TWO 6000 SQFT lots. Ideal property for BRRR or house-flip investment, or for multi-family living arrangement. Home is well constructed though dated - great to add value in finishing basement, in-law suite, and more. Great choice for a 'buy and hold' strategy. Perfect candidate for 'missing middle' and 'infill intensification' development that is highly sought and supported by Municipalities!

Listed by ROYAL LEPAGE FRANK REAL ESTATE.

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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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