2216 Highway 2 N/A
Rural Clarington, Clarington
$770,000
Unique investment opportunity on 3/4 of an acre. Detached 1.5-storey categorized as 2 semi-detached with 1 ownership as per MPAC and GeoWarehouse. Offering 2,732 sqft above grade across the 2 units as per MPAC. Each unit has 3 bedrooms and 1.5 baths. Full, unfinished basement has walk-up. Long, shared driveway accommodates 6 cars. Detached double car garage. Kitchens feature quartz countertops, updated cabinetry and ceramic backsplash. Laminate flooring and pot lighting throughout both units. Tile flooring in both 4pc bathrooms. Main floor laundry in both units. 2 furnaces and 2 A/C units.
No extras listed.
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| Type | Detached |
| Style | 1 1/2 Storey |
| Approx. Age | 51-99 |
| Size | 2500-3000 sq. ft. |
| Property Tax | $5,365 |
| Lot Size | 85.82 ft x 429.25 ft |
| mls© Number | E13500628 |
| Listed By | RE/MAX Jazz INC. |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
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Could you afford this home?
What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $3,941
- Property tax
- $447
- Heat allowance
- $150
- Housing costs
- $4,538 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$140,000
gross annual household income
- Payment at 4%
- $3,240 / mo
- Cash down
- $154,000
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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