50 Arthur St
Newcastle, Clarington, L1B 1J8
FOR SALE
$950,000
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BEDROOMS2
BATHROOMS2
KITCHENS11
ROOMSE11936999
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Property Description
UPPER UNIT VACANT APRIL 1st - Great Opportunity to set your own rent or live in the building! This is a fantastic property for buyers, investors & developers. This Legal Duplex is situated on an oversized 234 ft deep lot steps to Newcastle Village, transit & minutes to 401 & 115/35. Features 2 above grade units that have been renovated top to bottom in high quality finishes. Each unit has 2 bedrooms, their own washer & dryer, luxury plank vinyl flooring, quartz counter tops & quartz backsplash. Both bathrooms & kitchens are recently Reno'd. This is truly a turn key investment! Hydro & water is separately metered & there are 2 100 amp electrical panels. Furnace (2014), A/C (2021), Roof (2014) & newer windows. It is a rare opportunity to own a lot of this magnificent size in the area. You can build onto the existing structure to make it bigger, live in one unit and rent out the other, or just build your investment portfolio and hold onto it long term. **EXTRAS** Upstairs tenant is vacating and will be out March 31st 2025.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2021-11-18 | 2021-12-16 | 28 | $2,000 | - | Terminated |
| 2021-04-15 | 2021-04-21 | 6 | $1,850 | $1,950 | Leased |
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Property Details
Street
Community
City
Property Type
Duplex, 2-Storey
Lot Size
66' x 234'
Fronting
West
Taxes
$3,409 (2024)
Basement
None
Exterior
Brick, Vinyl Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
6
Driveway
Available
Garage Type
None
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Clarington Market Statistics
Clarington Price Trend
50 Arthur St is a 4-bedroom 2-bathroom home listed for sale at $950,000, which is $258,911 (21.4%) lower than the average sold price of $1,208,911 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 4 bedroom home in Clarington increased by $166,115 (15.9%) compared to the previous 30 day period (December 22 - January 20) and up $236,027 (24.3%) from the same time one year ago.Inventory Change
There were 72 4-bedroom homes listed in Clarington over the last 30 days (January 21 - February 19), which is up 140.0% compared with the previous 30 day period (December 22 - January 20) and up 56.5% compared with the same period last year.Sold Price Above/Below Asking ($)
4-bedroom homes in Clarington typically sold ($20,895) (1.7%) below asking price over the last 30 days (January 21 - February 19), which represents a $9,257 increase compared to the previous 30 day period (December 22 - January 20) and ($3,834) less 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 4-bedroom homes in Clarington over the last 30 days (January 21 - February 19) stood at 36.1%, down from 43.3% over the previous 30 days (December 22 - January 20) and down from 56.5% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 2-bathroom home in Clarington stood at 19 days when successfully sold over the last 30 days (January 21 - February 19), compared to 52 days before being removed from the market upon being suspended or terminated.Listing contracted with Land & Gate Real Estate Inc.
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