114 Whitehand Drive

This Is A True Show Stopper With Roof Top Terrace** This Luxurious Home Is Just Steps Away From The Lake **Located In The Prestigious Lakebreeze Community** Open Concept Kitchen With Huge Island, Granite Countertop ** Breakfast Area** Cozy Up In The Greatroom Next To The Fireplace*Den On Main Floor * 10' Ceiling Throughout The Main Floor** *Oak Stair Case ** Master Bedroom Has His/Her Walk-In Closets, Ensuite With Soaker Tub And Shower** All Bedrooms Have Access To Washrooms*** In-law potential in unfinished walk-up basement **Fresh Paint (2024) & kitchen backsplash (2024)

Welcome to Gracefields Redux3, in the quaint village of Newcastle. Singles in this master-planned community are comprised of a mix of beautifully designed, classically styled homes. Opportunity to own a beautiful new home and move in immediately. This beautifully built Lindvest Home features oak flooring on main floor non-tiled areas, granite countertops in kitchen, oak main staircase, natural gas fireplace, second floor laundry and much more.

Investment Opportunity with 6.3% Cap Rate. This 4-unit property is situated on a 13,433 sq. ft. corner lot. The oversized 0.308-acre lot provides parking for up to 12 vehicles, along with a detached garage that offers additional income potential. The property features 4 self-contained rental units, each with private entrances and outdoor spaces, including a rooftop terrace. The units consist of a 79A Coach House (Large 1 Bedroom Unit @ $1,850/month), Upper Unit ( Vacant 2 Bedroom Unit @ $2,200/month), Basement Apartment (Bachelor Unit @ $1,450/month), and Side Unit (Large 1 Bedroom Unit $1,500/month), generating a total rental income of $7,000 per month ($84,000 annually). This property achieves a strong 6.3% cap rate, making it an excellent cash-flowing investment. Investors will also appreciate the opportunity to further increase net operating income by raising rents and transitioning leases to exclude utilities and hydro. Recent updates include all new electrical wiring (2013), a new roof membrane on 79A and the rooftop terrace (2015), hardwood, fresh paint, and a cleared and maintained parking lot. Included in the sale are 4 fridges, 4 stoves, 1 dishwasher, 2 washers and 2 dryers, 4 window A/C units, and 3 sheds. Located in the heart of historic downtown Bowmanville, just blocks from the hospital that will be undergoing an expansion to double its size, this property provides both immediate rental income and long-term growth potential. Clarington itself is a rapidly growing municipality, with major infrastructure projects such as new highways and GO Train stations expected to support further residential, commercial, and industrial expansion. Significant increases in building permit values highlight strong investment and development activity, especially in residential construction. Updated economic development strategies ensure the town is well-positioned to capitalize on future growth.