47 King St E
Clarington, L1C1N1
For Sale
$1,600,000
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Multi-Use
CATEGORY6,214 Sq Ft
TOTAL AREAE8029722
MLSIDContact Us
Property Description
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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Extras
24 Hours Notice Required For All Showings As Well Restricted Showing Schedule. Do Not Enter The Business' At Any Time While In Operation. Showings Only When Business' Are Closed.
Property Details
Category
Multi-Use
Usage
Other
Zoning
C1-1
Total Area
6,214 Sq Ft
Office/Apartment Area
919 Sq Ft
Retail Area
817 Sq Ft
Lot Size
38' x 165'
Taxes
$9,138 (2023)
Parking Spaces
7
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Listing contracted with Re/Max Impact Realty
Similar Listings
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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