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$1,070,000
Available - For Sale
Listing ID: E12418974
Investment Opportunity with 5.8% 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 5.8% 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.
Price $1,070,000
Taxes: $5,692
Occupancy by: Tenant
Address: 79 Queen Stre , Clarington, L1C 1M5, Durham
Directions/Cross Streets: Liberty & Queen
Rooms: 10
Rooms +: 3
Bedrooms: 5
Bedrooms +: 1
Washrooms: 4
Family Room: T
Basement: Apartment
Finished
No. of Pieces Level
Washroom 1:  4 Basement
Washroom 2:  4 Main
Washroom 3:  3 Main
Washroom 4:  4 Second
Washroom 5:  0
Property Type: Detached
Style: 2-Storey
Exterior: Brick
Garage Type: Detached
(Parking/)Drive: Private
Drive Parking Spaces: 12
Park #1
Parking Type: Private
Park #2
Parking Type: Private
Pool: None
Other Structures: Garden Shed
Approximatly Square Footage: 2500-3000
Property Features: Fenced Yard
Hospital
CAC Included: N
Water Included: N
Cabel TV Included: N
Common Elements Included: N
Heat Included: N
Parking Included: N
Condo Tax Included: N
Building Insurance Included: N
Fireplace/Stove: Y
Heat Type: Radiant
Central Air Conditioning: Window Unit
Central Vac: N
Laundry Level: Syste
Ensuite Laundry: F
Sewers: Sewer
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RIGHT AT HOME REALTY

79 Queen Stre , Clarington, L1C 1M5, Durham


 
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At a Glance:
Type: Freehold - Detached
Area: Durham
Municipality: Clarington
Neighbourhood: Bowmanville
Style: 2-Storey
Lot Size: x 165.15(Feet)
Approximate Age:
Tax: $5,692
Maintenance Fee: $0
Beds: 5+1
Baths: 4
Garage: 0
Fireplace: Y
Air Conditioning:
Pool: None
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