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.
Address
79 Queen Street
List Price
$990,000
MLS® Status
Price Change
Expiration Date
2026-05-31
Property Type
Residential Freehold
Type of Dwelling
Detached
Style of Home
2-Storey
Transaction Type
Sale
Area
Clarington
Sub-Area
Bowmanville
Region
Durham
Bedrooms
5 + 1
Bedrooms (Total)
6
Rooms Above Grade
10
Rooms Below Grade
3
Rooms (Total)
13
Bathrooms
4
Floor Area
2500-3000 Sq. Ft.
Lot Depth
165.15
Lot Features
Irregular Lot
Lot Irregularities
Large Corner Lot/2 Road Fronts
Lot Size Units
Feet
Lot Width
77.46
Parcel Number
269320312
Occupant Type
Tenant
Cross Street
Liberty & Queen
MLS® Number
E12418974
Listing Brokerage
RIGHT AT HOME REALTY
Basement Area
Apartment, Finished
Postal Code
L1C 1M5
Posession Details
Flexible
Parking
Private
Parking Places (Total)
13
Parking Spaces
12
Tax Amount
$5,692.00
Tax Year
2025
Site Influences
Fenced Yard, Hospital, Level, Park, Public Transit, School
Interior Features
Other
Property Features
Fenced Yard, Hospital, Level, Park, Public Transit, School
Central Vacuum
No
Family Room
Yes
Ensuite Laundry
No
Special Designation
Unknown
Standard Status
Active
Board Or Association
Central Lakes Association of REALTORS
Heating
Yes
Heat Source
Gas
Heat Type
Radiant
Cooling Features
Window Unit(s)
Construction Materials
Brick
Direction Faces
South
Fireplace
Yes
Foundation Details
Unknown
Garage
Yes
Garage Type
Detached
Attached Garage
No
Covered Spaces
1
Kitchens Total
4
Kitchens Above Grade
3
Kitchens Below Grade
1
Other Structures
Garden Shed
Pool Features
None
Roof
Asphalt Shingle
Tax Legal Description
Pt Lt 8 Pl H50081 Bowmanville;Pt Lt 9 Pl H50081*
Waterfront
No
Sewer
Sewer