79 Queen Street, Clarington, ON L1C1M5

$950,000
Beds

6

Baths

4

Sqft

2500

Community

Bowmanville

Property Overview

  • Home Type

    Detached

  • Building Type

    House

  • Lot Size

    12793 Sqft

  • Community

    Bowmanville

  • Beds

    6

  • Full Baths

    4

  • Cooling

    Air Conditioning (Wall Unit(s))

  • Half Baths

    0

  • Parking Space(s)

    13

  • Property Taxes

  • Days on Market

    212

  • MLS® #

    E12418974

  • Price / Sqft

    $380

  • Style

    Two Storey

Description

Collapse

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.

Estimated buyer fees

List price$950,000
Typical buy-side realtor$23,750
Bōde$0
Saving with Bōde$23,750

When you are empowered by Bōde, you don't need an agent to buy or sell your home. For the ultimate buying experience, connect directly with a Bōde seller.

Interior Details

Expand

  • Flooring

    See Home Description

  • Heating

    See Home Description

  • Cooling

    Air Conditioning (Wall Unit(s))

  • Number of fireplaces

    0

  • Basement details

    None

  • Basement features

    Part

  • Suite status

  • Suite

Exterior Details

Expand

  • Exterior

    Brick

  • Number of finished levels

    2

  • Construction type

    See Home Description

  • Roof type

    Asphalt Shingles

  • Foundation type

    See Home Description

More Information

Expand

Property

  • Community features

    Park, Schools Nearby

  • Front exposure

  • Multi-unit property?

    Data Unavailable

  • Number of legal units for sale

  • HOA fee

  • HOA fee includes

    See Home Description

Parking

  • Parking space included

    Yes

  • Total parking

    13

  • Parking features

    No Garage

This REALTOR.ca listing content is owned and licensed by REALTOR® members of The Canadian Real Estate Association.