102 Queen St - Apartments FOR SALE


Bowmanville, ON L1C 1M6
$699,000 CAD
905-697-1900
102 Queen St, Bowmanville, ON for Sale
$699,000 CAD
Apartments - FOR SALE
1/5
null | 3.29% Cap Rate

102 Queen St
Bowmanville, ON L1C 1M6


HIGHLIGHTS

  • Central location within Bowmanville’s historic downtown district near schools, shops, restaurants, and banks.
  • Paved parking for 4 or more vehicles and a deep 172-foot lot with mature green space.
  • Easy commuter access with transit steps away and only 3 minutes to Hwy 401.

OVERVIEW

Discover this rarely available income property positioned in the heart of historic Downtown Bowmanville. Perfectly located within walking distance of charming downtown amenities, including shops, restaurants, banks, schools, and the public library. Enjoy easy access to local transit and only a 3-minute drive to Hwy 401, providing seamless connectivity. The property features paved parking for 4+ vehicles and a deep, 172-foot lot with a 66-foot frontage, complemented by a generous backyard with mature shade trees. Currently tenanted and generating approximately $3,497 in monthly rental income, with an annual Net Operating Income of $23,000. Recent updates include a furnace replacement in Fall 2020, enhancing long-term value. This offering presents an outstanding opportunity to expand your real estate portfolio or launch into the income property market. Its location in a highly sought-after rental area creates excellent holding potential for future growth. Ideal for investors seeking a project or first-time buyers looking to offset mortgage costs with rental income. Property is being sold in “as-is” condition, with no representations or warranties by the seller. Flexible closing available. Situated in a well-established, high-density urban core—just 40 minutes from Yonge Street and Hwy 401—this property is a strong candidate for renovation and long-term investment success.

FOR SALE DETAILS

PRICE

$699,000 CAD

PRICE/SF

$178 CAD /SF

# OF UNITS

4

PRICE/UNIT

$174,750

CAP RATE

3.29%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,326 SF

ZONING

R1-12

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Jim AbernethyRoyal Service Real Estate Inc., BrokerageMore Info
905-697-1900

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Jim AbernethyRoyal Service Real Estate Inc., BrokerageMore Info
905-697-1900

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.