1602 Highway 2

FOR SALE
$949,000
1602 Highway 2, Clarington
1602 Highway 2
1602 Highway 2
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3
BEDROOMS
1
BATHROOMS
1
KITCHENS
6 + 3
ROOMS
E12018616
MLSID
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Property Description
This stunning ravine property boasts 75 feet of frontage along Highway #2 and features a well-built 3-bedroom bungalow with incredible future potential. It falls within the Courtice Improvement Plan, already designated for low-rise, high-density residential use. With this zoning in place, the site presents an excellent opportunity for a mixed-use development ranging from 3 to 6 storeys, allowing up to 20% of the gross floor area for non-residential purposes. The improvement plan also includes further development possibilities.
Nearby Intersections
Property Details
Street
Community
Property Type
Detached, Bungalow
Lot Size
75' x 318'
Lot Irregularities
Lot Is Irregular In Shape
Fronting
North
Taxes
$5,431 (2024)
Basement
Finished, Sep Entrance
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
4
Driveway
Private
Garage Type
Attached
Room Summary
RoomLevelSizeFeatures
LivingMain14.07' x 23.06'Fireplace, Laminate, Picture Window
DiningMain9.58' x 11.98'Laminate
KitchenMain11.94' x 13.58'Eat-In Kitchen, Backsplash, W/O To Deck
Prim BdrmMain11.06' x 11.91'Double Closet, B/I Shelves
2nd BrMain8.46' x 11.52'Double Closet, Laminate
3rd BrMain12.93' x 11.02'Double Closet
RecBsmt12.53' x 26.35'
WorkshopBsmt14.44' x 44.98'
LaundryBsmt18.47' x 12.30'Separate Shower
Clarington Market Statistics
Clarington Price Trend
1602 Highway 2 is a 3-bedroom 1-bathroom home listed for sale at $949,000, which is $64,047 (7.2%) higher than the average sold price of $884,953 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 3 bedroom home in Clarington increased by $58,584 (7.1%) compared to the previous 30 day period (December 22 - January 20) and up $39,186 (4.6%) from the same time one year ago.
Inventory Change
There were 70 3-bedroom homes listed in Clarington over the last 30 days (January 21 - February 19), which is up 141.4% compared with the previous 30 day period (December 22 - January 20) and down 7.9% compared with the same period last year.
Sold Price Above/Below Asking ($)
3-bedroom homes in Clarington typically sold $21,737 (2.5%) above asking price over the last 30 days (January 21 - February 19), which represents a $30,680 increase compared to the previous 30 day period (December 22 - January 20) and $8,834 more than the same period last year.
Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 3-bedroom homes in Clarington over the last 30 days (January 21 - February 19) stood at 45.7%, down from 55.2% over the previous 30 days (December 22 - January 20) and down from 76.3% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 1-bathroom home in Clarington stood at 8 days when successfully sold over the last 30 days (January 21 - February 19), compared to 53 days before being removed from the market upon being suspended or terminated.
Listing contracted with Century 21 Titans Realty Inc.
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