40 Stephen Avenue, Clarington

$775,000
40 Stephen Avenue

$775,000

New
29d
Detached2-Storey

40 Stephen Avenue, Clarington

Total Monthly Obligation $3,932

Beds
5
Baths
4
Park
4
Sqft
1500-2000
DOM
29d
Score
19
Yield
5.0%
Cash on Cash
-2.6%
Cap Rate
4.0%
5Y IRR
13.5%
10Y IRR
12.9%
Property Type-Detached
MLS® Number-E13826976
Beds-5
Bathrooms-4
Size-1500-2000 sqft
Lot Size-53.62 × 100.1 ft
Listed on site-Sep 24, 2026
Style-2-Storey
Building Type-Detached
Age-31-50
Taxes-$5,165.96 (2026)
Parking-5 - Attached
Basement-Finished, Full
Heating-Forced Air (Gas)
Brokerage-Coldwell Banker Electric Realty
Cooling-Central Air
Laundry-No
Fireplace-Wood
Pool-None
Facing-South
Exterior-Brick, Vinyl Siding
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-Courtice
Title-Residential Freehold

No agent assigned

Set on a private corner lot with mature trees in a family-freiendly Courtice neighbourhood, this brick home is full of warmth, light and room to grow. A curved staircase greets you at the door, and the sunny living room with hardwood floors and fireplace is made for movie nights and lazy Sunday mornings. Host holiday dinners in the separate dining room, cook together in the quartz kitchen with island, then step out to the deck while the kids play in the fully fenced yard. Upstairs are 3 spacious bedrooms, including a primary you'll love coming home to, with a walk-in closet and 5-pc ensuite with a deep soaker tub. The newly finished basement adds 2 more bedrooms, one with its own bath, plus room for a playroom or office. Main floor laundry with side door and an attached garage. Close to schools, parks, shops and the 407.

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$
%
%
$
$
$
(utilities, internet...)
$
%
%

Closing Costs

Mortgage Amount
$620,000
Land Transfer Taxes$11,975
Legal Fees (Est.)
$
Total cash required for closing$168,475

Total Monthly Obligation

$3,932/mo
Mortgage $3,126
Monthly Loss $3,109
Principal$823
Interest$2,303
Property Tax$430
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.3%20
Cash-on-Cash
-7.3%1
5-Year IRR
9.9%35
10-Year IRR
10.5%
Returns Index
18.5/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
19/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$38,940/yr
NOI
$25,380/yr
Net Cash Flow
-$1,011/mo
Cash Margin
-31.2%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.689
LTV Ratio
80.0%18
Vacancy Buffer
2.4 mo39
Risk Index
22.1/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 40 Stephen Avenue

Time

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