308 Lakebreeze Drive, Clarington

$769,900
308 Lakebreeze Drive

$769,900

New
3d
Att/Row/Townhouse2-Storey

308 Lakebreeze Drive, Clarington

Total Monthly Obligation $3,922

Beds
3
Baths
3
Park
2
Sqft
1500-2000
DOM
3d
Score
17
Yield
4.3%
Cash on Cash
-6.1%
Cap Rate
3.3%
5Y IRR
10.8%
10Y IRR
10.8%
Property Type-Att/Row/Townhouse
MLS® Number-E14096570
Beds-3
Bathrooms-3
Size-1500-2000 sqft
Lot Size-24.67 × 88.28 ft
Listed on site-Oct 20, 2026
Style-2-Storey
Building Type-Att/Row/Townhouse
Age-6-15
Taxes-$5,296 (2026)
Parking-4 - Attached
Basement-Unfinished
Heating-Forced Air (Gas)
Brokerage-Royal LePage Our Neighbourhood Realty
Cooling-Central Air
Laundry-No
Fireplace-Natural Gas
Pool-Indoor
Facing-North
Exterior-Brick, Vinyl Siding
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-TBD
Neighbourhood-Newcastle
Title-Residential Freehold

No agent assigned

Located in the sought-after Port of Newcastle community, this beautiful home in a very family friendly and welcoming neighbourhood offers a wonderful lifestyle close to Lake Ontario, waterfront trails, parks and all the charm of Newcastle Village. Enjoy a beautiful lake view, with easy access to local amenities and Highway 401.The main floor of this beautifully decorated and well maintained home features hardwood flooring throughout with a bright, sunny open-concept layout perfect for everyday living and entertaining. A stunning brick feature wall adds character to the living and dining areas, while the beautiful and functional kitchen boasts granite countertops, a centre island, stainless steel appliances and a built-in microwave. A convenient powder room and direct access to the double car garage complete the main level.Upstairs, the spacious primary bedroom offers a walk-in closet, a luxurious five-piece ensuite and a private balcony with lovely lake and marina views. Two additional generously sized bedrooms both with plenty of closet space, provide plenty of room for family, guests or a home office.Updates incl:furnace (2026), A/C (2026), unilock walkway in front (2025)The home also includes a Gold Membership for two at the Admiral's Walk Clubhouse, offering access to fantastic recreational amenities, including an indoor pool, fitness facilities, lounge and games room, along with exclusive dining and marina discountsAn amazing opportunity to enjoy comfortable living in one of Newcastle's most desirable waterfront communities.

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

Closing Costs

Mortgage Amount
$615,920
Land Transfer Taxes$11,873
Legal Fees (Est.)
$
Total cash required for closing$167,353

Total Monthly Obligation

$3,922/mo
Mortgage $3,106
Monthly Loss $3,105
Principal$817
Interest$2,288
Property Tax$441
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.6%15
Cash-on-Cash
-10.5%1
5-Year IRR
7.4%20
10-Year IRR
8.6%
Returns Index
11.3/ 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
$33,000/yr
NOI
$19,904/yr
Net Cash Flow
-$1,447/mo
Cash Margin
-52.6%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.535
LTV Ratio
80.0%18
Vacancy Buffer
2.5 mo39
Risk Index
21.0/ 100

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

Comparables

Properties near 308 Lakebreeze Drive

Time

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