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Price Change$799,000

304 West Scugog Lane

Bowmanville, Clarington

$779,000

Detached|2-Storey
3 | 2 | 7
About this home

Attention Developers, Investors, and Builders! An exceptional opportunity awaits at 304 West Scugog Lane in Clarington, a rapidly growing area with strong future development potential. This large lot includes a well-kept 3-bedroom bungalow currently occupied by a tenant-providing immediate rental income-and a heated detached garage ideal for storage or workshop use, while the true value lies in the land, with potential to build two detached homes or four semi-detached homes (buyer to verify zoning and approvals). The location is excellent for commuters, offering quick access to Highways 401, 407, and 418, with the eastern extension of Highway 407 between Pickering and Clarington now toll-free for more affordable travel, and convenient DRT and GO Transit links for commuting to Toronto. Families will appreciate nearby schools such as Courtice North Public School, Dr. Emily Stowe Public School, Lydia Trull Public School, and Courtice Secondary School, all of which are listed in the Fraser Institute's report cards and recognized within the Kawartha Pine Ridge District School Board. With neighbourhood growth accelerating, increased redevelopment activity, and rising demand for new housing, this property offers immense upside whether you choose to develop now or hold for long-term appreciation

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Milad Momtaz Azad
Milad Momtaz Azad
(647) 510-8858
Julian Kashani
Julian Kashani
(416) 837-7775
TypeDetached
Style2-Storey
Approx. AgeNot available
Size700-1100 sq. ft.
Property Tax$3,945
Lot Size193.5 ft x 134 ft
mls© NumberE12563556
Listed ByPROPERTY MAX REALTY INC.

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Schools

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$3,987
Property tax
$329
Heat allowance
$150
Housing costs
$4,466 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $155,800
25-yr amortization

Income needed

$137,000

gross annual household income

Payment at 4%
$3,278 / mo
Cash down
$155,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

Values and trends

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