Calling all Investors! Rarely offered Multiplex in the heart of Downtown Bowmanville walking distance to all amenities, steps to transit and 3 minutes to 401 HWY. Legal Non conforming Fourplex with additional unit, 5 separate hydro meters, 1 house meter that includes the lower unit and four individual meters for the remaining units, 5 paved designated parking spaces plus one visitor parking. Strong rental revenue with good long term tenants. Monthly rents total $6388.00 with approx 65K annual NOI. The majority of the units have been updated with new kitchens, baths etc. Excellent property to add to your existing portfolio or golden opportunity to get started in the property management/income property business. Attractive long term hold rapidly in the expanding municipality of Clarington. Very high demand for rental units in the area. Under 1 hour to downtown Toronto.
Property Type:
Freehold
Freehold Type:
Multiplex
Home Style:
2-Storey
Frontage:
81.27 sq. ft.81.27 sq. ft.
Exposure:
North
Bedrooms:
6
Bathrooms:
5.0
Water supply:
Municipal
Kitchens:
5
Rooms:
16
Zoning:
R1-12
Heating type:
Baseboard
Heating Fuel:
Electric
Basement:
Apartment
Fireplace/Stove:
No
Garage:
None
Garage Spaces:
0
Driveway:
Private
Family Room:
N
Possession Details:
30/60 TBA
Lot Irregularities:
Irregular As Per Survey Attached
Taxes:
$4,835.36 /
2023
Assessment:
$- /
-
Floor
Ensuite
Pieces
Other
Main
-
4
X2
2nd
-
4
X2
Lower
-
4
Hospital, Library, Public Transit, Rec Centre, School