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. (id:47421)
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Detailed Information
Bedrooms
5+1
Bathrooms
4
Lot
77.5 x 165.17 ft
Amenities Nearby
Hospital, Park, Public Transit, Schools
Features
Level lot
Listing Contract Date
2025-09-17
Location Description
Liberty & Queen
Ownership Type
Freehold
# of Parking Spaces
13
Property Type
Single Family
Structures
Shed
Transaction Type
For sale
Building
Appliances
Dishwasher, Dryer, Stove, Two Washers, Refrigerator
Basement Development
Finished
Basement Features
Apartment in basement
Basement Type
N/A, N/A (Finished)
Construction Style (Attachment)
Detached
Cooling Type
Window air conditioner
Exterior Finish
Brick
Fireplace Present
Yes
Foundation Type
Unknown
Heating Fuel
Natural gas
Heating Type
Radiant heat
Stories Total
2
Type
House
Utility Water
Municipal water
Parking Spaces
Name
Spaces
Detached Garage
Garage
Land
Total Size
77.5 x 165.2 FT ; Large Corner Lot/2 Road Fronts
Amenities
Hospital, Park, Public Transit, Schools
Fence Type
Fenced yard
Sewer
Sanitary sewer
Size of Irregular Land
77.5 x 165.2 FT ; Large Corner Lot/2 Road Fronts
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