102-B Queen Street

Bowmanville, Clarington, ON L1C 1M6

$699,000

About This Property

Calling all Investors & First Time Buyers! Great Renovation Project! Rarely offered Income Property in the heart of Downtown Historical Bowmanville. Location is within walking distance to all Bowmanville Historical Downtown amenities, schools, library, banks and restaurants. Steps to transit and 3 minutes to Hwy 401. Paved parking for 4+ vehicles and huge grassed backyard with shade tree. Currently tenanted generating total monthly rents of $3,497 with annual Net Operating Income of $23K. Furnace replaced in Fall/2020. Excellent property to add to your existing portfolio or golden opportunity to get started in the property management/income property business. Deep 172 feet lot with 66 feet frontage offers long term hold potential in the Bowmanville Historical Downtown Core. Ideal for the Investor looking for a project in area of high demand for rental units, or for the First Time Buyer looking for rental income to supplement mortgage payments. Forty (40) minute drive to Yonge Street & Hwy 401. Buyer to complete own due diligence. Property being sold in "As-Is Condition". Seller makes no representations or warranties. Flexible closing available. Ideal for renovation or investment in well established high density Bowmanville core.