63 Lambs Lane
Clarington, L1C 3G6
FOR SALE
$1,999,000

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Investment
CATEGORY11,495 Sq Ft
TOTAL AREAE12095939
MLSIDContact Us
Property Description
Phenomenal investment opportunity in a prime AAA Bowmanville location! Featuring 11 spacious 2-bedroom units, all just minutes from public transit, grocery stores, restaurants, and other essential amenities. Separate Hydro Meters (Landlord Pays) , Thermal Windows replaced in 2006, Flat roof redone in 2015, Onsite laundry facilities generate steady monthly income, while 14 onsite parking spaces offer additional current and future revenue potential. The large basement space, currently used for tenant storage lockers, presents an exciting opportunity to potentially add an additional bachelor unit. With approx. 104% upside on the existing rent roll upon tenant turnover, this property offers massive value-add potential for investors. Well-located, and full of untapped potential.
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Property Details
Address
63 Lambs Lane
Community
City
Postal Code
L1C 3G6
Property Type
Investment, Investment
Use
Apartment
Zoning
R1
Lot Size
90' x 128'
Total Area
11,495 Sq Ft
Taxes
$25,325 (2024
Heat Type
Baseboard
Water
Municipal
Parking Spaces
14
Garage Type
None
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Listing contracted with Mysak Realty Inc.
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