350 Lakebreeze Drive 8, Clarington

$729,000
350 Lakebreeze Drive 8

$729,000

New
2d
Condo TownhouseBungalow

350 Lakebreeze Drive 8, Clarington

Total Monthly Obligation $3,902

Bed+Den
3+1
Baths
2
Park
1
Sqft
1000-1199
DOM
2d
Score
16
Yield
4.2%
Cash on Cash
-8.8%
Cap Rate
2.7%
5Y IRR
8.7%
10Y IRR
9.2%
Property Type-Condo Townhouse
MLS® Number-E14101666
Bed+Den-3+1
Bathrooms-2
Size-1000-1199 sqft
Listed on site-Oct 21, 2026
Style-Bungalow
Building Type-Condo Townhouse
Taxes-$4,321 (2026)
Maintenance-$401/mo
Locker-None
Parking-2 - Built-In
Basement-Finished
Heating-Forced Air (Gas)
Brokerage-HOMELIFE MAPLE LEAF REALTY LTD.
Cooling-Central Air
Laundry-No
Fireplace-Yes
Pool-None
Exterior-Brick
Possession-TBD
Neighbourhood-Newcastle
Title-Residential Condo & Other

No agent assigned

Must-See! Desirable Lakeside Living in the Port of Newcastle! This beautiful bungalow condo townhouse offers the perfect blend of comfort, functionality, and waterfront lifestyle in a wonderful neighbourhood. Featuring 2 spacious bedrooms and 1 bathroom on the main floor, plus an additional room and bathroom in the finished basement, this home offers exceptional flexibility for families, guests, or a home office. The bright, open-concept living and dining area flows seamlessly into a modern kitchen featuring granite countertops and a breakfast bar. Enjoy the inviting family room with a gas fireplace and walkout to the deck and spacious backyard-perfect for relaxing or entertaining. The finished basement boasts a generous recreation/living area, ideal for a home theatre, games room, or additional living space, complemented by pot lights throughout. Convenient main-floor laundry, direct garage access, a central vacuum system, and the ease of bungalow living add to the home's appeal. Condo fees cover snow removal, front and backyard lawn maintenance, and Gold membership to the exclusive Admirals Walk Clubhouse, featuring an indoor pool, hot tub, steam room, fitness centre, lounge, games room, billiards, media room, and restaurant. Just 150 metres from the waterfront and trail, and within walking distance of the marina with boat docking, nearby parks, and a pebble beach, this home offers an exceptional setting for enjoying the outdoors. Experience low-maintenance living with outstanding amenities in the sought-after Port of Newcastle community. An exceptional opportunity to enjoy space, convenience, and lakeside living at its finest!

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

Closing Costs

Mortgage Amount
$583,200
Land Transfer Taxes$11,055
Legal Fees (Est.)
$
Total cash required for closing$158,355

Total Monthly Obligation

$3,902/mo
Mortgage $2,941
Monthly Loss $3,128
Principal$774
Interest$2,167
Property Tax$360
Condo Fees$401
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.2%13
Cash-on-Cash
-12.5%0
5-Year IRR
5.9%14
10-Year IRR
7.5%
Returns Index
8.2/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
16/ 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
$30,312/yr
NOI
$15,748/yr
Net Cash Flow
-$1,628/mo
Cash Margin
-64.5%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.454
LTV Ratio
80.0%18
Vacancy Buffer
2.5 mo40
Risk Index
20.6/ 100

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

Comparables

Properties near 350 Lakebreeze Drive 8

Time

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