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Listed 18 days ago

8 Wheelhouse Drive

Newcastle, Clarington

$450,000

Detached|Bungalow
2 | 1 | 2
About this home

LOCATION, LOCATION, LOCATION! Welcome to 8 Wheelhouse Drive, boasting an exceptional location within the highly sought-after Wilmot Creek Adult Lifestyle Gated Community on the shores of Lake Ontario. One of this home's greatest advantages is its close proximity to the Wheelhouse Community Centre-just steps from your front door, putting an incredible selection of amenities, activities and opportunities to socialize practically at your doorstep. Enjoy all that the Wheelhouse has to offer without having to get in the car. Forget something at home? No problem... you're only steps away! This bright and welcoming home features a well-appointed kitchen, a sun-filled family room with a cozy fireplace, and two generously sized bedrooms. Newer laminate flooring throughout provides easy-care, carpet-free living, while a walkout leads to a huge new deck-perfect for relaxing, entertaining or enjoying your morning coffee on the sunny side of the house. Outside, you'll appreciate the durable metal roof and newer vinyl siding in a gorgeous contemporary grey, providing attractive curb appeal along with low-maintenance living. Wheelhouse Community Centre offers a library, gym, medical care walk-in clinic, pharmacy, beauty salon, hot tubs, billiard room, shuffleboard, craft centre, meeting rooms, and so much more. Enjoy an outstanding array of additional amenities including a private 9-hole golf course, two heated inground swimming pools, tennis and pickleball courts, gym, snooker/billiards room, darts, shuffleboard, woodworking shop, dog run, lawn bowling, and scenic lakeside walking and biking trails. 8 Wheelhouse Drive puts you right in the heart of it! Enjoy the security of a gated community, an active social atmosphere, outstanding amenities and a beautiful lakeside setting. Existing payment-friendly lease may be assumable at current rates, subject to buyer approval by Compass Communities. Monthly fees are $850 plus an additional $50.00 per month for new owners.

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleBungalow
Approx. AgeNot available
Size700-1100 sq. ft.
Property Tax$1,296
Lot Size0 ft x 0 ft
mls© NumberE13674618
Listed ByRE/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%
$2,303
Property tax
$108
Heat allowance
$150
Housing costs
$2,561 / mo

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

Down payment20% · $90,000
25-yr amortization

Income needed

$79,000

gross annual household income

Payment at 4%
$1,894 / mo
Cash down
$90,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

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