29 Prospect Street, Clarington

Price: $535,000

2 bedrooms, 1 bathrooms

700 - 1,099 sqft

Property Type: Detached

MLS#: E13071334

Welcome to this well cared for 832 square foot home, ideally situated on a beautiful67.32 x 128.95 foot in-town lot. This charming property offers 2 comfortable bedrooms and a functional layout, perfect for first-time buyers, downsizers, or investors. Enjoy outdoor living on the inviting south-facing deck-an ideal spot for relaxing in the sun or entertaining family and friends. The generous lot provides plenty of space for gardening, recreation, or future possibilities. A wonderful opportunity to own a thoughtfully maintained home in a great location close to downtown and all amenities.

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$535,000 - 29 Prospect Street, Clarington

Detached for Sale in Clarington

48 days on market
2Beds
1Baths
700 - 1,099Sq Ft
Detached
Property Details
MLS Number
E13071334
Property Type
Detached
Status
active
Days on Site
48
Bedrooms
2
Bathrooms
1
Square Feet
700 - 1,099 sqft
Neighbourhood
Clarington
Listing Brokerage
ROYAL SERVICE REAL ESTATE INC.
Description

Welcome to this well cared for 832 square foot home, ideally situated on a beautiful67.32 x 128.95 foot in-town lot. This charming property offers 2 comfortable bedrooms and a functional layout, perfect for first-time buyers, downsizers, or investors. Enjoy outdoor living on the inviting south-facing deck-an ideal spot for relaxing in the sun or entertaining family and friends. The generous lot provides plenty of space for gardening, recreation, or future possibilities. A wonderful opportunity to own a thoughtfully maintained home in a great location close to downtown and all amenities.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$2,744.83/mo

Includes CMHC insurance ($14,927)

$
$
5%10%50%

5-yr fixed avg.

Principal: $481,500Interest: $327,022
Mortgage Amount$496,427
Total Interest$327,022
Est. Property Tax$379/mo
Total Cost$823,448

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.

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Neighbourhood Guide: Clarington

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

Local Elementary SchoolPublic Elementary
Local Secondary SchoolPublic High School

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.

70
Walk Score
Varies
Price Range

29 Prospect Street, Clarington

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,400/mo
Range: $2,040 - $2,760
Cap Rate (ROI)
4.3%
Good

Monthly Cash Flow Breakdown

Rental Income+$2,400
Maintenance Fees-$0
Property Tax (est.)-$379
Insurance (est.)-$111
Net Cash Flow+$1,910

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 Battaglia - Top Real Estate Agent in Mississauga, REMAX Realty Specialists

Joe's Thoughts

Honest perspective from 30+ years of GTA real estate experience

Competitive Pricing

At $764/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 48 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.

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.

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 $2,229 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.

Let's See It Together

Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.

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    29 Prospect Street, Clarington | $535,000 | Battaglia Team