461 King Avenue E, Clarington

$974,900
461 King Avenue E

$974,900

New
28d
DetachedBungalow

461 King Avenue E, Clarington

Total Monthly Obligation $4,849

Beds
4
Baths
3
Park
4
Sqft
1500-2000
DOM
28d
Score
17
Yield
4.4%
Cash on Cash
-5.1%
Cap Rate
3.5%
5Y IRR
11.5%
10Y IRR
11.4%
Property Type-Detached
MLS® Number-E13827810
Beds-4
Bathrooms-3
Size-1500-2000 sqft
Lot Size-59.06 × 131.94 ft
Listed on site-Sep 25, 2026
Style-Bungalow
Building Type-Detached
Age-16-30
Taxes-$6,500 (2026)
Parking-6 - Built-In
Basement-Finished, Separate Entrance
Heating-Forced Air (Gas)
Brokerage-Homesmiths Real Estate Limited
Cooling-Central Air
Laundry-No
Fireplace-Family Room, Natural Gas
Pool-None
Facing-South
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Sewer
Possession-TBD
Neighbourhood-Newcastle
Title-Residential Freehold

No agent assigned

Welcome to this beautifully maintained bungalow situated on a generous 59' x 132' lot, offering versatile living space for families, multi-generational living, or those looking for additional flexibility. The main level features 3 bedrooms, including a spacious primary bedroom with a private ensuite bathroom. The bright open-concept living space creates an inviting flow between the living, dining and kitchen areas, while the updated kitchen offers both style and functionality. The fully finished in-law suite provides an impressive amount of additional living space, featuring above-grade windows, a gas fireplace, updated kitchen, and a large ensuite bathroom with a relaxing soaker tub. A versatile den is perfect for a home office, playroom, hobby space or additional living area. The suite also offers plenty of storage and convenient outside access. Step outside and enjoy the beautifully landscaped property, complete with a large backyard deck that provides the perfect setting for summer entertaining, morning coffee or relaxing with family and friends. The fully fenced private yard offers plenty of space to enjoy the outdoors. There is ample parking for family and guests, along with the added convenience of garage access directly into the home. With its spacious layout, thoughtful updates, beautiful landscaping and flexible in-law suite, this property offers an exceptional opportunity for comfortable family and multi-generational living.

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(utilities, internet...)
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%
%

Closing Costs

Mortgage Amount
$779,920
Land Transfer Taxes$15,973
Legal Fees (Est.)
$
Total cash required for closing$212,453

Total Monthly Obligation

$4,849/mo
Mortgage $3,932
Monthly Loss $3,814
Principal$1,035
Interest$2,898
Property Tax$542
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.9%17
Cash-on-Cash
-9.2%1
5-Year IRR
8.4%25
10-Year IRR
9.3%
Returns Index
13.8/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
17/ 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
$43,200/yr
NOI
$27,880/yr
Net Cash Flow
-$1,609/mo
Cash Margin
-44.7%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.597
LTV Ratio
80.0%18
Vacancy Buffer
2.0 mo31
Risk Index
18.6/ 100

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

Comparables

Properties near 461 King Avenue E

Time

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