23 Marret Lane, Clarington

$599,900
23 Marret Lane

$599,900

New
22d
Att/Row/Townhouse3-Storey

23 Marret Lane, Clarington

Total Monthly Obligation $2,795

Beds
3
Baths
4
Park
1
Sqft
1500-2000
DOM
22d
Score
23
Yield
5.3%
Cash on Cash
1.7%
Cap Rate
4.9%
5Y IRR
16.9%
10Y IRR
15.7%
Property Type-Att/Row/Townhouse
MLS® Number-E13852482
Beds-3
Bathrooms-4
Size-1500-2000 sqft
Lot Size-16.67 × 74.9 ft
Listed on site-Oct 1, 2026
Style-3-Storey
Building Type-Att/Row/Townhouse
Parking-2 - Built-In
Basement-None
Heating-Forced Air (Gas)
Brokerage-RE/MAX HALLMARK FIRST GROUP REALTY LTD.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-South
Exterior-Brick
Roof-Asphalt Rolled, Asphalt Shingle, Flat
Foundation-Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-Newcastle
Title-Residential Freehold

No agent assigned

Welcome to Marret Lane in Newcastle offering modern design, and exceptional value. This brand-new, never-lived-in home comes completely turn-key and ready for immediate occupancy. Buyers can take advantage of an exclusive, time-sensitive HST credit incentive on this featured unit to maximize their overall investment.The light-filled main level highlights rich hardwood flooring, large windows, and an open kitchen with direct walk-out access to a private rear deck. Up on the second floor, two generously sized bedrooms each feature their own private ensuite bathroom and double closets, complemented by convenient upper-level laundry. The private third-floor loft functions as a versatile primary suite, home office, or quiet media lounge-complete with a 3-piece ensuite, walk-in closet, and an exclusive walk-out balcony. Further extending the living space, the fully finished ground level offers easy direct garage access along with a walk-out to the rear yard. Situated just steps from vibrant downtown Newcastle where boutique shops, cozy cafes, scenic parks and great schools are all right at your doorstep.

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

Closing Costs

Mortgage Amount
$479,920
Land Transfer Taxes$8,473
Legal Fees (Est.)
$
Total cash required for closing$129,953

Total Monthly Obligation

$2,795/mo
Mortgage $2,420
Monthly Loss $2,158
Principal$637
Interest$1,783
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
4.1%28
Cash-on-Cash
-3.6%3
5-Year IRR
12.7%55
10-Year IRR
12.7%
Returns Index
28.9/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
23/ 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
$32,088/yr
NOI
$24,379/yr
Net Cash Flow
-$388/mo
Cash Margin
-14.5%0
Cash Flow Index
0.3/ 100
Risk Profile
Weight: 20%
DSCR
0.8416
LTV Ratio
80.0%18
Vacancy Buffer
3.4 mo58
Risk Index
30.9/ 100

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

Comparables

Properties near 23 Marret 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.

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Data last updated within the past 24 hours.