$569,900 - 5 Driftwood Lane, Clarington
Detached for Sale in Clarington
40 days on marketNeighbourhood: Newcastle
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- MLS Number
- E13723282
- Property Type
- Detached
- Status
- active
- Days on Site
- 40
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Clarington
- Listing Brokerage
- HOME CHOICE REALTY INC.
Welcome to this beautifully updated detached bungalow in Wilmot Creek, a sought-after adult lifestyle community set along the shores of Lake Ontario. This renovated home features numerous upgrades, including an oversized front deck -perfect for relaxing and enjoying the peaceful surroundings. Inside, you'll find a bright, freshly painted, open-concept layout with spacious principal rooms and a seamless flow, ideal for comfortable, low-maintenance living. The living room boast a floor to ceiling fireplace and large picture window. A good size kitchen with lots of cupboards, and stainless steel appliances. The family room is spacious and offers a walk-out to a large deck overlooking greenspace. The primary bedroom has a new 2 pc ensuite (2026) and walk-in closet. The home is designed to offer both functionality and warmth, making it easy to entertain or simply unwind. Enjoy the benefits of a vibrant, resort-style community where your lease includes driveway snow plowing and road maintenance, as well as access to an impressive range of amenities. These include a 9-hole golf course, recreation centre, swimming pools, gym, sauna, tennis and pickleball courts, lawn bowling, and more. With over 80 organized activities-such as cards, shuffleboard, darts, billiards, dances, and live performances-there's always something to enjoy. Experience a lifestyle that blends comfort, convenience, and community in a serene lakeside setting. Monthly Maintenance Fee is $1300.00 for a New Lease or you can assume existing lease (buyer approval) at 983.21.
Estimate your monthly payments for this property
Estimated Payment
$2,923.88/mo
Includes CMHC insurance ($15,900)
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Newcastle
Newcastle is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Newcastle
- •Convenient location in Clarington
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Newcastle offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
5 Driftwood Lane, Clarington
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Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Fair Market Value
At $814/sqft, this property is priced in line with current Clarington market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.
Market Position
At 40 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
Detached Home Advantages
Detached homes in Clarington are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.
Efficient Living
At 700 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.
About Newcastle
I know Newcastle well from working with many buyers and sellers here. Each pocket has its own character - let me share what I've learned about this specific street and block. During our showing, I'll point out local amenities, school catchments, and what similar homes have sold for recently.
Investment Perspective
Looking at this as an investment: Clarington properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $2,375 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.