87 Prospect Street, Clarington, ON

$898,800
MLS#:E8435040
4 beds
2 baths
4.0 parking
Residential Freehold
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Property Highlights

Welcome to this remarkable Bungalow detached located in the coveted neighborhood of Bowmanville. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $898,800 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.

  • 4 Bedrooms and 2 Bathrooms with 2 functional kitchens
  • Premium 53.05 x 125.91 ft lot size
  • Features a apartment, separate entrance basement, adding superb versatility for recreation, a home gym, or extra storage
  • 4.0 total parking spaces available
  • Notable attributes: In-Law Suite, Primary Bedroom - Main Floor, Carpet Free
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

OFFERS ANYTIME on this Stunning, fully renovated, all-brick bungalow. Perfect for multigenerational families, investors or buyers wanting a mortgage helper (income suite / basement apt). The custom built, chef's kitchen features an oversized Dekton quartz countertop island, soft close cupboards, high-end finishes & stainless-steel appliances. Cozy up by the stylish gas fireplace in the living room or enjoy the beautiful bay window overlooking the peaceful neighbourhood. A walkout from the Dining room compliments the raised deck and backyard oasis, complete with multiple seating areas, gorgeous gardens & large 16'X10' workshop/shed with hydro. 2 well-appointed bedrooms & updated 3 pc bathroom round off the upper level. Heading downstairs you'll find a rear separate entrance, leading to the laundry room. The lower level contains an in-law suite with kitchenette, a good sized open-concept living/dining room and 2 additional rooms (office currently used as bedroom). Located in a sought-after, Family friendly neighbourhood just a short walk to public transit, parks, nature trails, and many amenities (5 mins to Hwy 401, 9 mins to Hwy 407).

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Key Features

Bedrooms
4
Bathrooms
2
Kitchens
2
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateJune 17, 2024
Sold price information is available to members only
Listed Date6/12/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural StyleBungalow
ConstructionBrick
BasementApartment, Separate Entrance
Lot Size53.05 × 125.91 Feet
CountyDurham
Annual Tax$2,918.08
Legal DescriptionLT 2 PL 676 BOWMANVILLE; PT LT 1 PL 676 BOWMANVILLE AS IN D491708; S/T N26865; MUNICIPALITY OF CLARINGTON

Parking & Garage

Parking Spaces4.0
Garage Spaces4
Garage TypeNone

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Electric Car Charger, Hospital, Library, Public Transit, Rec./Commun.Centre, Park

Interior Features

In-Law Suite, Primary Bedroom - Main Floor, Carpet Free, Floor Drain, Storage, Upgraded Insulation, Water Heater Owned

Security Features

Community Features

Location

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87 Prospect Street, Clarington, ON
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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 87 Prospect Street, Clarington, ON L1C 3H3

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

Market Trend
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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Clarington.

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Interest Rate5.25%
Down Payment$64,880 (7.2%)
* Minimum Canadian down payment required for this price is $64,880.
Amortization Period25 Years
Estimated Monthly Payment$4,969Based on a loan of $833,920 over 25 years.
Purchase Price$898,800
Loan Amount$833,920
Provincial Land Transfer Tax:$14,451
Total Estimated Closing Taxes:$14,451

About Purchasing a Home in Clarington, ON

For a property listed at $898,800 in Clarington, the legal minimum down payment is $64,880 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 $14,451 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 $14,451.

Nearby Listings

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Bowmanville, Clarington.

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$857,342

People & Families

Age Distribution

Household Composition

One-person households
25%
Families with children
50%
Couples without children
24%
Other households
0%

Top Ethnic Origins

Chinese11%
English9%
Indian9%
Irish8%

Local Schools Guide

Elementary Schools

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Secondary Schools

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Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied65%
Rented35%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

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.