5 Park Place Lane, Clarington

$749,900
5 Park Place Lane

$749,900

Price Change
24d
DetachedBungalow

5 Park Place Lane, Clarington

Total Monthly Obligation $3,676

Beds
2
Baths
3
Park
2
Sqft
1100-1500
DOM
24d
Score
19
Yield
4.8%
Cash on Cash
-2.7%
Cap Rate
4.0%
5Y IRR
13.4%
10Y IRR
12.9%
Property Type-Detached
MLS® Number-E13838894
Beds-2
Bathrooms-3
Size-1100-1500 sqft
Listed on site-Sep 29, 2026
Style-Bungalow
Building Type-Detached
Taxes-$3,315.35 (2026)
Parking-4 - Attached
Basement-Full, Partially Finished
Heating-Forced Air (Gas)
Brokerage-RIGHT AT HOME REALTY
Cooling-Central Air
Laundry-No
Fireplace-Yes
Pool-None
Facing-East
Exterior-Vinyl Siding
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-Newcastle
Title-Residential Freehold

No agent assigned

Experience relaxed lakeside living full of amenities in one of Durham Region's most sought-after adult lifestyle communities! Rare Find In Wilmot Creek! Large Open Concept Layout with 9 foot ceilings! Welcome to 5 Park Place Lane in the highly desirable west end of Wilmot Creek, Durham Region's premier adult lifestyle community on the shores of Lake Ontario. Just steps from the waterfront, this bungalow offers the perfect blend of comfort, space, and location. Offering approximately 1,500 sqft. above grade, this meticulously maintained home impresses with its double car garage, private double driveway, beautifully landscaped gardens, and inviting enclosed front porch-ideal for enjoying your morning coffee or relaxing in the evening. Inside, the bright open-concept layout features soaring 9-foot ceilings, oversized windows, and hardwood flooring throughout the spacious great room. The well-appointed kitchen offers ample cabinetry, generous counter space, and a pantry, flowing seamlessly into the living area, making it perfect for entertaining. A walkout leads to the large patio and sunny backyard. The home features two generous size bedrooms and two full bathrooms, including a spacious primary suite with a walk-in closet and private ensuite. The oversized main-floor laundry room provides direct access to the garage and serves as a convenient second entrance. A rare full, partially finished basement adds exceptional flexibility with a 2-piece bathroom and kitchenette, making it ideal for guests, hobbies, a recreation room, or additional living space. Residents enjoy outstanding amenities including a 9-hole golf course, indoor and outdoor pools, fitness centre, sauna, shuffleboard, woodworking shop, community halls, recreation facilities, and a vibrant calendar of social activities.

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

Closing Costs

Mortgage Amount
$599,920
Land Transfer Taxes$11,473
Legal Fees (Est.)
$
Total cash required for closing$162,953

Total Monthly Obligation

$3,676/mo
Mortgage $3,025
Monthly Loss $2,880
Principal$796
Interest$2,229
Property Tax$276
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.3%20
Cash-on-Cash
-7.3%1
5-Year IRR
9.8%34
10-Year IRR
10.4%
Returns Index
18.3/ 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
$35,892/yr
NOI
$24,487/yr
Net Cash Flow
-$984/mo
Cash Margin
-32.9%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.679
LTV Ratio
80.0%18
Vacancy Buffer
2.6 mo42
Risk Index
23.2/ 100

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

Comparables

Properties near 5 Park Place Lane

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

Data is provided courtesy of PropTx.

The information provided herein must only be used by consumers who have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial or other purpose.

Listing information is deemed reliable but not guaranteed accurate by PropTx or TRREB.

REALTOR®, REALTORS®, and the REALTOR® logo are certification marks owned by REALTOR® Canada Inc. and licensed exclusively to the Canadian Real Estate Association (CREA).

The MLS® trademark and MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

Data last updated within the past 24 hours.