79 Queen Street
Bowmanville, Clarington, L1C 1M5
FOR SALE
$950,000

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5 + 1
BEDROOMS4
BATHROOMS3 + 1
KITCHENS10 + 3
ROOMSE12418974
MLSIDContact Us
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 6.3% 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.
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Nearby Intersections
Property Features
Fenced Yard, Hospital, Level, Park, Public Transit, School, Other, Private, Irregular Lot
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Property Details
Address
79 Queen Street
Community
City
Postal Code
L1C 1M5
Property Type
Detached, Detached
Lot Size
77' x 165'
Taxes
$5,692 (2025
Basement
Apartment, Finished
Heat Type
Radiant
Heat Source
Gas
Water
Municipal
Parking Spaces
12
Garage Type
Detached
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Listing contracted with Right At Home Realty
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