29-33 King St E
Clarington, L1C1N1
For Sale
$1,400,000
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Multi-Use
CATEGORY5,000 Sq Ft
TOTAL AREAE8058438
MLSIDContact Us
Property Description
Complete Package! 100% leased, great location, and great price! Ideal opportunity to acquire an affordable income property in fast-growing Bowmanville. Property includes 2 commercial units, and 3 two-bed rentals. Over 14k cars pass this busy King St frontage DAILY. Well-known long-standing commercial tenant, large lot for parking, and even MORE parking on municipal lot across the road. Promising future walking distance from major redevelopment project. Enjoy regular well-attended seasonal events in the historic downtown which attract 1000s! Over 14k cars pass this busy King St frontage DAILY. Well-known long-standing commercial tenant, large lot for parking, and even MORE parking on municipal lot across the road. Rent Roll & Feature Sheet available.
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Extras
No heritage registry or designation. Rent Roll & Feature Sheet available
Property Details
Category
Multi-Use
Usage
Hospitality/Food Related
Zoning
Commercial C1 -- 34
Total Area
5,000 Sq Ft
Office/Apartment Area
3,000 Sq Ft
Retail Area
2,000 Sq Ft
Lot Size
54' x 168'
Taxes
$11,200 (2023)
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Listing contracted with Royal Lepage Frank Real Estate
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Own Right On Historic Bowmanville's Main Strip In The Heart Of This Community. 2 Commercial Units & 3 Residential Units W 7 Surface Level Parking Spots. This Is A Sound Investment Fully Tenanted W Positive Cash Flow. Well Maintained & Updated -Windows (2020) Roof (2019) Paving (2021). All Apartments Are 2 storey's. Apartment 1 Is A 3 Bed, 1 Bath W 10Ft High Ceilings, New Washing Machine, Newer Floors & Bath. Apartment 2 Is A 3 Bed, 1 Bath. Apartment 3 Is A 1 Bed, 1.5 Bath & Newly Reno'd W New Appliances, Plumbing & Smoke Alarms. Commercial Units Have New Smoke Alarms & Pot Lights. All Tenants Pay Their Own Hydro That Is Separately Metered. There Are 2 Water Meters. All Residential Units Have Their Own Washer & Dryer. Commercial Units & Apartment 3 Have Ductless Heating & A/C While Apartment 1 & 2 Have Baseboard Electric Heat. Financials Available Upon Request.
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