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Clarington,ON L1C 3G6
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 11,495 sqft
Price per Sqft $173
Subdivision Bowmanville
MLS Listing ID E12095939
Annual Tax Amount $25,325
Tax Year 2024
Property Sub-Type Investment
Property Description
Phenomenal investment opportunity in a prime AAA Bowmanville location! Featuring 11 spacious 2-bedroom units, all just minutes from public transit, grocery stores, restaurants, and other essential amenities. Separate Hydro Meters (Landlord Pays) , Thermal Windows replaced in 2006, Flat roof redone in 2015, Onsite laundry facilities generate steady monthly income, while 14 onsite parking spaces offer additional current and future revenue potential. The large basement space, currently used for tenant storage lockers, presents an exciting opportunity to potentially add an additional bachelor unit. With approx. 104% upside on the existing rent roll upon tenant turnover, this property offers massive value-add potential for investors. Well-located, and full of untapped potential.
Location
Province ON
County Durham
Community Bowmanville
Area Durham
Interior
Heating Yes
Cooling No
Exterior
Community Features Major Highway,Public Transit
Utilities Available Yes
Lot Frontage 90.0
Lot Depth 127.71
Others
Security Features No