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79 QUEEN STREET, Clarington (Bowmanville)
2025-09-22
Quick Summary
- Location
- 79 QUEEN STREET, Clarington (Bowmanville), Ontario L1C1M5
- Price
- $990,000
- Status:
- For Sale
- Property Type:
- Single Family
- Area:
- 2500 - 3000 sqft
- Bedrooms:
- 5 bed +1
- Bathrooms:
- 4
MLS®#E12418974
Property Description
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 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. (id:32467)
Property Features
Ammenities Near By
- Ammenities Near By: Hospital, Park, Public Transit, Schools
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: Detached
- Cooling Type: Window air conditioner
- Exterior Finish: Brick
- Fireplace: Yes
- Interior Size: 2500 - 3000 sqft
- Building Type: House
- Stories: 2
- Utility Water: Municipal water
Features
- Feature: Level lot
Land
- Land Size: 77.5 x 165.2 FT ; Large Corner Lot/2 Road Fronts
- Sewer: Sanitary sewer
Ownership
- Type: Freehold
Structure
- Structure: Shed
Information entered by RIGHT AT HOME REALTY
Listing information last updated on: 2025-11-12 20:50:12
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$500,000
Your One Percent Realty Commission savings†
$500,000
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Savings calculated using One Percent Realty's posted commission rates compared to another agent charging
5% + HST . Not all agents charge the same.
One Percent Realty's top FAQs
We charge a total of $7,950 for residential properties under $400,000. For residential properties $400,000-$900,000 we charge $9,950. For residential properties over $900,000 we charge 1% of the sale price plus $950. Plus Applicable taxes, of course. We also offer the flexibility to offer more commission to the buyer's agent, if you want to. It is as simple as that! For commercial properties, farms, or development properties please contact a One Percent agent directly or fill out the market evaluation form on the bottom right of our website pages and a One Percent agent will get back to you to discuss the particulars.
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