222 Sprucewood Crescent

Bowmanville, Clarington

Open House Jun 14th, 1-4PM
222 Sprucewood Crescent, Bowmanville, Clarington

$985,000


Bedrooms: 4

Bathrooms: 4

Living Area: 1,500 sqft

Price Per Sqft: $656.67


About this Detached

in Bowmanville, Clarington

Visit the REALTOR website for further information about this listing. Beautiful, well-maintained family home featuring a legal basement apartment with income potential, making this an ideal opportunity for investors, multigenerational families or buyers looking for income support. The home includes a legal secondary suite occupancy permit (2023) confirming compliance of the basement apartment. Offering 2,297 sq ft (MPAC exterior measurement) plus a finished legal basement apartment, this home provides generous living space across all levels. The main floor features a bright and spacious layout with a vaulted front entryway filled with natural light, flowing into a professionally upgraded custom kitchen with granite countertops, custom backsplash, pot lighting, and open-concept design into the family room. Hardwood flooring runs throughout the main living areas, creating a warm and cohesive feel. Additional features include updated major systems and finishes: roof (2017) and furnace (2017), along with thoughtful upgrades throughout the home. The basement apartment is fully self-contained and currently rented, providing immediate income potential. Located in a desirable Bowmanville neighbourhood close to schools, amenities, and commuter routes, this property offers both comfort and long-term value. A rare opportunity to own a turn-key home with a legal income suite in a growing community.

Listed by EASY LIST 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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