102-B Queen Street Clarington, Ontario L1C 1M6

3,300 sqft
None Forced Air

$699,000

Calling all Investors & First Time Buyers! Great Renovation Project! Rarely offered Income Property in the heart of Downtown Historical Bowmanville. Location is within walking distance to all Bowmanville Historical Downtown amenities, schools, library, banks and restaurants. Steps to transit and 3 minutes to Hwy 401. Paved parking for 4+ vehicles and huge grassed backyard with shade tree. Currently tenanted generating total monthly rents of $3,497 with annual Net Operating Income of $23K. Furnace replaced in Fall/2020. Excellent property to add to your existing portfolio or golden opportunity to get started in the property management/income property business. Deep 172 feet lot with 66 feet frontage offers long term hold potential in the Bowmanville Historical Downtown Core. Ideal for the Investor looking for a project in area of high demand for rental units, or for the First Time Buyer looking for rental income to supplement mortgage payments. Forty (40) minute drive to Yonge Street & Hwy 401. Buyer to complete own due diligence. Property being sold in "As-Is Condition". Seller makes no representations or warranties. Flexible closing available. Ideal for renovation or investment in well established high density Bowmanville core. (id:15069)

Business

Business Type Residential
Business Sub Type Apartments

Property Details

MLS® Number E13033492
Property Type Multi-family
Community Name Bowmanville
Amenities Near By Public Transit
Equipment Type Water Heater
Parking Space Total 4
Rental Equipment Type Water Heater

Building

Age 100+ Years
Cooling Type None
Heating Fuel Natural Gas
Heating Type Forced Air
Size Exterior 3300 Sqft
Size Interior 3,300 Sqft
Type Multi-family
Utility Water Municipal Water

Land

Acreage No
Land Amenities Public Transit
Size Depth 172 Ft
Size Frontage 66 Ft
Size Irregular Bldg=66 X 172 Ft
Size Total Text Bldg=66 X 172 Ft
Zoning Description R1-12 (see Attachments For Permitted Uses)

https://www.realtor.ca/real-estate/29644708/102-b-queen-street-clarington-bowmanville-bowmanville

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