+ 24 photos667 Townline Road N, Clarington, ON L1E 2J4
About this home
A high-yield asset combining immediate cash flow, significant capital improvements, andlong-term development potential. Situated on a massive lot in a prime Courtice location, thisproperty is flanked by custom-built estates, offering a clear path to future appreciation.Immediate Income Stream:Detached Workshop Revenue: Includes a 22.5' x 25' insulated workshop equipped with 230V powerand a separate gas furnace. Currently generating $1,000/month ($12,000/year) in rental income.High-Capacity Residential: The 5-bedroom, 3-bathroom layout maximizes rental yield, catering tothe high demand for multi-room rentals or large family dwellings.Major Capital Expenditures Completed (2024)Minimize your carrying costs and maintenance reserves with recent high-value upgrades:Interior (2024): Brand-new laminate flooring throughout, new chandeliers, and three fullyrenovated bathrooms (including a primary ensuite with a sleek glass shower).Appliances (2024): New fridge, dishwasher, washer, and dryer included.Building Envelope: Durable metal roof installed in 2018, providing long-term protection andlower insurance premiums.Strategic Asset Value:The Lot: An expansive footprint offering ample space for potential future expansions, gardensuites (ADU), or severance/redevelopment (buyer to verify).The Layout: A versatile 1.5-storey floor plan featuring a main-floor home office, twomain-floor bedrooms, and two generous upstairs bedrooms.Location: Prime Courtice North placement ensures high tenant demand and proximity to transitand essential amenities.This is a "buy and hold" or "New Build" play with a turn-key interior and a rare secondaryincome source that offsets mortgage costs from day one.
Property details
Full details
Room dimensions
| Room | Level | Dimensions | Features |
|---|---|---|---|
| Living Room | Main | 4.88 × 2.93 | Laminate, Walk-Out, Pot Lights |
| Dining Room | Main | 3.42 × 3.89 | Laminate, Combined w/Kitchen, Window |
| Kitchen | Main | 3.76 × 3.9 | Combined w/Dining, Window |
| Primary Bedroom | Main | 3.96 × 3.03 | 3 Pc Ensuite, Window, Pot Lights |
| Bedroom 2 | Main | 2.39 × 3.83 | Window, Closet |
| Bedroom 3 | Main | 3.57 × 2.87 | Window |
| Office | Main | 2.38 × 3.33 | Window, W/O To Yard |
| Bedroom 4 | Upper | 5.43 × 2.74 | Skylight, Broadloom |
| Bedroom 5 | Upper | 6.45 × 2.63 | Window, Broadloom, Closet |
Property & sold history
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