34 Simpson Avenue, Clarington, ON
Property Highlights
Welcome to this remarkable Bungalow detached located in the coveted neighborhood of Bowmanville. Expertly crafted featuring premium brick and stone construction, this residence presents an exceptional opportunity offered at $649,999 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 3 Bedrooms and 1 Bathroom
- Generous living space spanning 700-1100 sqft on a premium 45.25 x 216 ft lot
- Features a partially finished basement, adding superb versatility for recreation, a home gym, or extra storage
- 4.0 total parking spaces available with a convenient detached configuration
- Notable attributes: None
- equipped with central air central cooling and highly efficient forced air heating via oil
Description
An excellent opportunity awaits investors, entrepreneurs, renovators, and visionaries at 34 Simpson! This brick bungalow, built in 1963 and lovingly maintained by the same family since 1972, is ready for someone to unlock its full potential. While the home requires updates and a complete overhaul, the possibilities are vast. The main house offers a spacious combined living/dining room, a galley kitchen, and three bedrooms, with a basement workshop, utility room, and large rec room. Even more exciting, Clarington has confirmed that the expansive lot can accommodate up to two additional dwelling units (ADUs), providing incredible investment potential. Whether you choose to rent out the current home and build new structures, or occupy one yourself, the options are endless. While the property shows signs of neglect due to a decade of smoke exposure, it remains a true diamond in the rough, ready to be transformed into a lucrative and unique income-generating space. Make sure to explore the backyard to fully appreciate the size and possibilities. This is an investment in the future!
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Property Summary
This detached home located at 34 Simpson Avenue, Clarington is currently for sale and has been available on SousaSells for 655 days. This property is listed at $649,999 with an estimated mortgage of $2,164* per month. It has 3 beds, 1 bathroom, and is 700-1100 square feet. 34 Simpson Avenue, Clarington is in the Bowmanville neighborhood.
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Key Features
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 34 Simpson Avenue, Clarington, ON L1C 2H7
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Clarington, ON
For a property listed at $649,999 in Clarington, the legal minimum down payment is $40,000 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $9,475 for this transaction. As this listing is in Clarington (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $9,475.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.