420 Toronto Street, Clarington, ON
Property Highlights
Welcome to this remarkable land located in the coveted neighborhood of Newcastle. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $3,800,000 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.
- 0 Bedrooms and 0 Bathrooms
- Premium 889 x 373 ft lot size
Description
6.8-acres of vacant M1-Industrial land with 880 feet frontage/exposure to Highway 401. Seller initiated "severance" in progress to create two (2) M1-Industrial zoned lots (approx. 3.4 acres each). Located immediately west of Hwy 401 Interchange #440 at Mill Street/Newcastle. Legal Description: PT LT 30 CON 1 CLARKE PTS 2, 3 & 4, 10R2937; CLARINGTON. PIN 266610056. Examples of permitted uses within M1-Industrial zoned lands: building supply or home improvement outlet; business or professional office; eating establishment; equipment sales & rental light; a factory outlet; commercial or technical school; a warehouse for the storage of goods & materials; motor vehicle repair garage; a transport service establishment. See attached Schedule for complete list of M1-Industrial permitted uses.
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 420 Toronto Street, Clarington, ON L1B 1C2
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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 $3,800,000 in Clarington, the legal minimum down payment is $760,000 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 $81,475 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 $81,475.
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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.