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Investment signal

$599,000

237 CLARK LAKE ROAD

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Beds

Baths

Sqft

—

Year

—

Type

Single Family

Suite

Suite potential

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Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Bancroft (Dungannon Ward). The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

Set just 5 minutes from town and all amenities, this beautifully maintained raised bungalow offers the perfect balance of country living and everyday convenience. Nestled in a private setting, the home has been thoughtfully updated and shows pride of ownership throughout. The bright and welcoming main level features hardwood flooring that complements the living and dining areas, creating a warm and inviting space for family and entertaining. Downstairs, the fully finished walkout basement offers excellent flexibility with a complete in-law suite-ideal for extended family or potential rental income. Cozy up in the family room with a propane fireplace, while the rec room features an airtight wood stove for those colder nights. Outside, the property is well-equipped for both lifestyle and storage. The insulated and heated garage is perfect for a workshop or keeping your vehicle warm during winter. Two large storage sheds and two carports off the garage provide ample space to store all your tools, equipment, and recreational toys, protected from the elements. A fantastic opportunity to enjoy peaceful country living without sacrificing proximity to town-this home is move-in ready and packed with value. (id:65958)

Subtype: Single Family
Architectural style: Bungalow
Structure: House
Community: Dungannon Ward
Common interest: Freehold
Lot dimensions: 219 x 201 FT
Bedrooms: 3 above grade, 1 below grade
Parking: 8 total
Stories: 1
Fireplace: 1
On market: Apr 13, 2026
Status changed: Apr 27, 2026
Annual tax: $4,044
Zoning: Res
Photos: 50
MLS#: X12991028
Area: BANCROFT_(DUNGANNON_WARD)

Features and systems

Parking

Detached GarageGarageRV

Basement

FinishedFullApartment in basementSeparate entranceWalk outN/AN/AN/A

Appliances

DishwasherMicrowaveTwo stovesWindow CoveringsGarage door opener remote(s)Water HeaterTwo Refrigerators

Heating

Baseboard heatersNot knownNot knownElectricPropane

Cooling

None

Exterior

Vinyl siding

Foundation

Block

Lot

Wooded areaSlopingIn-Law Suite

Community

School Bus

Utilities

Electricity

Negative cash flow ~$681/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

-6.82%

Cap rate

3.50%

GRM

16.6

Break-even rent

$3,717

Financing

Down payment$119,800

Loan amount$479,200

Mortgage$2,428/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$275

Insurance$80

Maintenance$499

CapEx reserve$250

Vacancy loss$150

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Mortgage estimate

Estimated $2,428/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 27, 2026.