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667 TOWNLINE ROAD N, Clarington (Courtice) — listed at $898,000. Earn buyer cashback at closing. No catches, just more money in your pocket.
A high-yield asset combining immediate cash flow, significant capital improvements, andlong-term development potential. Situated on a massive lot in a prime Courtice location, thisproperty is flanked by custom-built estates, offering a clear path to future appreciation.Immediate Income Stream:Detached Workshop Revenue: Includes a 22.5' x 25' insulated workshop equipped with 230V powerand a separate gas furnace. Currently generating $1,000/month ($12,000/year) in rental income.High-Capacity Residential: The 5-bedroom, 3-bathroom layout maximizes rental yield, catering tothe high demand for multi-room rentals or large family dwellings.Major Capital Expenditures Completed (2024)Minimize your carrying costs and maintenance reserves with recent high-value upgrades:Interior (2024): Brand-new laminate flooring throughout, new chandeliers, and three fullyrenovated bathrooms (including a primary ensuite with a sleek glass shower).Appliances (2024): New fridge, dishwasher, washer, and dryer included.Building Envelope: Durable metal roof installed in 2018, providing long-term protection andlower insurance premiums.Strategic Asset Value:The Lot: An expansive footprint offering ample space for potential future expansions, gardensuites (ADU), or severance/redevelopment (buyer to verify).The Layout: A versatile 1.5-storey floor plan featuring a main-floor home office, twomain-floor bedrooms, and two generous upstairs bedrooms.Location: Prime Courtice North placement ensures high tenant demand and proximity to transitand essential amenities.This is a "buy and hold" or "New Build" play with a turn-key interior and a rare secondaryincome source that offsets mortgage costs from day one. (id:60164)
| Room | Level | Dimensions |
|---|---|---|
| Living room | Main level | 4.88 x 2.93 meters |
| Dining room | Main level | 3.42 x 3.89 meters |
| Kitchen | Main level | 3.76 x 3.9 meters |
| Primary Bedroom | Main level | 3.96 x 3.03 meters |
| Bedroom 2 | Main level | 2.39 x 3.83 meters |
| Bedroom 3 | Main level | 3.57 x 2.87 meters |
| Office | Main level | 2.38 x 3.33 meters |
| Bedroom 4 | Upper Level | 5.43 x 2.74 meters |
| Bedroom 5 | Upper Level | 6.45 x 2.63 meters |
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $5,555.63, heating is forced air, natural gas. Always verify the latest figures with your agent before making an offer — these change yearly.
How is the home heated? Is it efficient?+
Heating is forced air, natural gas. Gas heating is generally the most cost-efficient option in Ontario winters.
Is 667 TOWNLINE ROAD N a good fit for a growing family?+
With 5 bedrooms and 3 bathrooms, there's room for kids plus a guest room or home office. The 1.5-storey layout keeps living and sleeping areas separated.
Does it have a basement, and is it finished?+
The listing describes the basement as: None. Confirm the finishing status during a showing — it affects both livable space and resale value.
What's the parking situation?+
This property includes 7 spaces — Detached Garage, Garage.
Is there air conditioning?+
Yes — central air conditioning cooling is in place.
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