$724,900 - 1 Marret Lane, Clarington
Townhouse for Sale in Clarington
50 days on market- MLS Number
- E13056980
- Property Type
- Townhouse
- Status
- active
- Days on Site
- 50
- Bedrooms
- 3
- Bathrooms
- 4
- Square Feet
- 2,000 - 2,499 sqft
- Neighbourhood
- Clarington
- Listing Brokerage
- RE/MAX HALLMARK FIRST GROUP REALTY LTD.
Welcome to modern luxury in the heart of Newcastle! This brand-new, never-lived-in end unit townhouse offers a rare opportunity to own a sophisticated, move-in-ready home at a fantastic price point. Situated in a highly desirable community within walking distance of downtown, this home is designed with both style and functionality in mind. The main floor features an airy, open-concept living and dining room highlighted by gorgeous hardwood floors, sleek pot lights, and an elegant Juliette balcony that floods the space with natural light. The upgraded eat-in kitchen is a chef's dream, boasting a large centre island, premium quartz countertops, a custom backsplash, and a seamless walk-out to a private deck perfect for outdoor dining.The second floor offers two spacious bedrooms, both designed as primary retreats with their own private ensuite bathrooms and double closets, alongside a convenient second-floor laundry room. The third floor is a standout feature of the home-a versatile, "cool" space that can be utilized as a third bedroom, an executive home office, or a flex studio. It comes complete with its own 3-piece ensuite, walk in closet and a second Juliette balcony.The finished lower level provides even more living space, featuring high-quality laminate flooring and a walk-out to the backyard and lower deck. With luxurious hardwood floors throughout the upper levels, direct garage access, and the added privacy and sunlight of being an end unit, this home truly has it all. Don't miss your chance to be the first to live in this stunning property in one of Newcastle's most sought-after enclaves.
Estimate your monthly payments for this property
Estimated Payment
$3,719.11/mo
Includes CMHC insurance ($20,225)
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 Clarington
Clarington 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 Clarington
- •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
Clarington 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.
1 Marret 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 $362/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.
Negotiation Opportunity
At 50 days on site, this property has exceeded the typical selling timeline for Clarington. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.
Townhouse Benefits
Townhouses offer an excellent balance of space and maintenance. You get more room than a condo with lower upkeep than a detached home. Key things to verify: whether it's freehold or condo-titled (affects fees and rules), and the condition of shared walls for noise considerations. Townhouses in Clarington have shown strong appreciation as families seek more space.
Starter Home Potential
3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.
Bathroom Count Matters
With 4 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.
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 $3,020 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.