124 Aspen Springs Drive 306, Clarington

$499,900
124 Aspen Springs Drive 306

$499,900

New
25d
Condo ApartmentApartment

124 Aspen Springs Drive 306, Clarington

Total Monthly Obligation $2,952

HausQ Valuation Report
Beds
2
Baths
1
Park
125
Sqft
800-899
DOM
25d
Score
19
Yield
5.8%
Cash on Cash
-3.8%
Cap Rate
3.8%
5Y IRR
12.6%
10Y IRR
12.2%
Property Type-Condo Apartment
MLS® Number-E13833550
Beds-2
Bathrooms-1
Size-800-899 sqft
Listed on site-Sep 28, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$3,491.28 (2026)
Maintenance-$444.74/mo
Locker-Exclusive
Parking-2 - Surface
Basement-None
Heating-Forced Air (Gas)
Brokerage-The Nook Realty Inc.
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Brick, Vinyl Siding
Possession-60/90
Neighbourhood-Bowmanville
Title-Residential Condo & Other

No agent assigned

Rarely offered corner unit with garage and dining area! This immaculately maintained unit offers incredible extras, including an owned garage, dedicated dining area, second surface parking space, and 2 storage lockers. The large western facing balcony and additional windows in both the living and dining areas fills this spacious unit with an abundance of natural light throughout the day. Plenty of room to gather in the updated kitchen, featuring a separate dining area, breakfast bar, quartz countertops, contemporary finishes and a convenient pantry. The primary bedroom includes a walk-in closet, with hallway linen closet and an oversized foyer closet offering additional storage. Enjoy access to building amenities including an exercise room and party room, with shopping, schools, transit, recreation facilities and major highways all close by. Pet-free and no noise from above. With pride of ownership evident throughout, this home is truly move-in ready - just unpack and enjoy!

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

Closing Costs

Mortgage Amount
$399,920
Land Transfer Taxes$6,473
Legal Fees (Est.)
$
Total cash required for closing$107,953

Total Monthly Obligation

$2,952/mo
Mortgage $2,016
Monthly Loss $2,422
Principal$531
Interest$1,486
Property Tax$291
Condo Fees$445
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.0%18
Cash-on-Cash
-8.6%1
5-Year IRR
9.1%29
10-Year IRR
10.0%
Returns Index
15.7/ 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
$29,148/yr
NOI
$15,005/yr
Net Cash Flow
-$766/mo
Cash Margin
-31.5%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.627
LTV Ratio
80.0%18
Vacancy Buffer
3.3 mo55
Risk Index
26.9/ 100

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

Comparables

Properties near 124 Aspen Springs Drive 306

Time

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