$799,900 - 5 Park Place Lane, Clarington
Detached for Sale in Clarington
39 days on marketNeighbourhood: Newcastle
- MLS Number
- E13570910
- Property Type
- Detached
- Status
- active
- Days on Site
- 39
- Bedrooms
- 2
- Bathrooms
- 3
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- Clarington
- Listing Brokerage
- RIGHT AT HOME REALTY
Welcome to 5 Park Place Lane in the highly desirable west end of Wilmot Creek, Durham Region's premier adult lifestyle community on the shores of Lake Ontario. Just steps from the waterfront, this rarely offered bungalow offers the perfect blend of comfort, space, and location. Offering approximately 1,500 sqft. above grade, this meticulously maintained home impresses with its double car garage, private double driveway, beautifully landscaped gardens, and inviting enclosed front porch-ideal for enjoying your morning coffee or relaxing in the evening. Inside, the bright open-concept layout features soaring 9-foot ceilings, oversized windows, and hardwood flooring throughout the spacious great room. The well-appointed kitchen offers ample cabinetry, generous counter space, and a pantry, flowing seamlessly into the living area, making it perfect for entertaining. A walkout leads to the large patio and sunny backyard. The home features two generous size bedrooms and two full bathrooms, including a spacious primary suite with a walk-in closet and private ensuite. The oversized main-floor laundry room provides direct access to the garage and serves as a convenient second entrance. A rare full, partially finished basement adds exceptional flexibility with a 2-piece bathroom and kitchenette, making it ideal for guests, hobbies, a recreation room, or additional living space. Residents enjoy outstanding amenities including a 9-hole golf course, indoor and outdoor pools, fitness centre, sauna, shuffleboard, woodworking shop, community halls, recreation facilities, and a vibrant calendar of social activities. Experience relaxed lakeside living in one of Durham Region's most sought-after adult lifestyle communities.
Estimate your monthly payments for this property
Estimated Payment
$4,103.90/mo
Includes CMHC insurance ($22,317)
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 Park Place 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
Competitive Pricing
At $727/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Market Position
At 39 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.
Bathroom Count Matters
With 3 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
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 $3,333 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.