50 Lakebreeze Drive 321, Clarington

$560,000
50 Lakebreeze Drive 321

$560,000

New
7d
Condo ApartmentApartment

50 Lakebreeze Drive 321, Clarington

Total Monthly Obligation $3,342

Beds
2
Baths
2
Park
1
Sqft
800-899
DOM
7d
Score
17
Yield
5.3%
Cash on Cash
-6.7%
Cap Rate
3.1%
5Y IRR
10.3%
10Y IRR
10.4%
Property Type-Condo Apartment
MLS® Number-E14088516
Beds-2
Bathrooms-2
Size-800-899 sqft
Listed on site-Oct 16, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$4,850 (2025)
Maintenance-$479.12/mo
Locker-None
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-RIGHT AT HOME REALTY
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Brick, Vinyl Siding
Possession-TBD
Neighbourhood-Newcastle
Title-Residential Condo & Other

No agent assigned

Enjoy lakeside living without the upkeep of a house in the Port of Newcastle. This bright, beautifully maintained 2-bedroom, 2-bathroom condo offers 872 sq. ft. of carpet free living space, a comfortable open concept layout, and access to the Admirals Walk Club.The kitchen overlooks the living and dining areas, keeping the space connected whether you're preparing dinner or hosting friends. Large windows bring in natural light, while the primary bedroom features its own ensuite. A second bedroom and second full bathroom provide flexibility for guests, family, or a home office. Extend your living space beyond your front door with Admirals Walk Club amenities, including an indoor pool, fitness centre, hot tub, sauna, theatre room, library, games room, and welcoming social spaces. With Newcastle Marina, Lake Ontario, waterfront trails, and parks just steps away, getting outdoors can be part of your everyday routine. Downtown Newcastle's shops, cafés, and restaurants are a short drive away, with convenient access to Highway 401. Whether you're purchasing your first home or looking to simplify your next chapter, this condo brings together a manageable layout, recreational amenities, and a location close to the lake.

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(utilities, internet...)
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%
%

Closing Costs

Mortgage Amount
$448,000
Land Transfer Taxes$7,675
Legal Fees (Est.)
$
Total cash required for closing$121,175

Total Monthly Obligation

$3,342/mo
Mortgage $2,259
Monthly Loss $2,748
Principal$594
Interest$1,664
Property Tax$404
Condo Fees$479
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.4%14
Cash-on-Cash
-11.1%1
5-Year IRR
7.1%19
10-Year IRR
8.5%
Returns Index
10.5/ 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
$29,676/yr
NOI
$13,709/yr
Net Cash Flow
-$1,116/mo
Cash Margin
-45.1%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.515
LTV Ratio
80.0%18
Vacancy Buffer
2.9 mo48
Risk Index
23.6/ 100

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

Comparables

Properties near 50 Lakebreeze Drive 321

Time

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