75 Shipway Avenue Unit 301, Clarington

Price: $519,900

2 bedrooms, 1 bathrooms

800 sqft

Property Type: Condo

MLS#: E12928076

Located in the sought after waterfront community in the Port of Newcastle, this 2 bedroom corner-unit suite with no shared walls offers a low maintenance & relaxing lifestyle on the shores of Lake Ontario with walking trails, parks, marina & beaches on your door step. The Northeastern exposure allows for tons lots of natural light to flood the space, and provides a generous sized private balcony with BBQ's allowed. Recently updated throughout, this home features an upgraded kitchen with quartz countertops, pot lights, stainless steel appliances including new dishwasher & microwave & newer vinyl flooring. The spacious primary bedroom features a walk-in closet, with the 2nd bedroom ideal as a guest room or office. 4pc bathroom with new stylish vanity. Freshly painted throughout with custom blinds and modern light fixtures. Exclusive membership to Admirals Walk Clubhouse with access to a fitness centre, pool, sauna, recreation centre, library and theatre room. In-suite laundry & ample visitor parking. New Furnace & A/C unit in 2020. Owned parking spot #39 - seller currently has agreement to use spot #76, conveniently located at the front entrance.2nd rental spot available for $100/month.

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$519,900 - 75 Shipway Avenue Unit 301, Clarington

Condo for Sale in Clarington

78 days on market
2Beds
1Baths
800Sq Ft
Condo
Property Details
MLS Number
E12928076
Property Type
Condo
Status
active
Days on Site
78
Bedrooms
2
Bathrooms
1
Square Feet
800 sqft
Neighbourhood
Clarington
Locker
None
Exposure
North East
Balcony
Open
Listing Brokerage
ROYAL LEPAGE FRANK REAL ESTATE
Description

Located in the sought after waterfront community in the Port of Newcastle, this 2 bedroom corner-unit suite with no shared walls offers a low maintenance & relaxing lifestyle on the shores of Lake Ontario with walking trails, parks, marina & beaches on your door step. The Northeastern exposure allows for tons lots of natural light to flood the space, and provides a generous sized private balcony with BBQ's allowed. Recently updated throughout, this home features an upgraded kitchen with quartz countertops, pot lights, stainless steel appliances including new dishwasher & microwave & newer vinyl flooring. The spacious primary bedroom features a walk-in closet, with the 2nd bedroom ideal as a guest room or office. 4pc bathroom with new stylish vanity. Freshly painted throughout with custom blinds and modern light fixtures. Exclusive membership to Admirals Walk Clubhouse with access to a fitness centre, pool, sauna, recreation centre, library and theatre room. In-suite laundry & ample visitor parking. New Furnace & A/C unit in 2020. Owned parking spot #39 - seller currently has agreement to use spot #76, conveniently located at the front entrance.2nd rental spot available for $100/month.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$2,667.36/mo

Includes CMHC insurance ($14,505)

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5-yr fixed avg.

Principal: $467,910Interest: $317,792
Mortgage Amount$482,415
Total Interest$317,792
Est. Property Tax$368/mo
Total Cost$800,207

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

75 Shipway Avenue Unit 301, Clarington

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,200/mo
Range: $1,870 - $2,530
Cap Rate (ROI)
2.8%
Fair

Monthly Cash Flow Breakdown

Rental Income+$2,200
Maintenance Fees-$520
Property Tax (est.)-$368
Insurance (est.)-$108
Net Cash Flow+$1,204

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 $650/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 78 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.

Condo Considerations

For condos, I always review the status certificate thoroughly. Key things I look for: reserve fund health (should be well-funded), any upcoming special assessments, rules that might affect your lifestyle (pets, rentals, renovations), and the corporation's financial statements. We'll want to verify the monthly fees and what they include.

Efficient Living

At 800 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 $2,166 (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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    MLS# E12928076 — 75 Shipway Avenue Unit 301, Cla… | Battaglia Team