Address
15 Nelson Street, Clarington (Bowmanville), ON
Price
$ 6,850,000

Your Agent

Scott Roy

Sales Representative

289-216-3207


Listing provided by Scott Roy, Sales Representative, REMAX Jazz Inc.

Property Attributes
  • ID#E13785138
  • TypeMulti-Family
  • Listing Status Active
  • MunicipalityClarington (Bowmanville)
  • CityClarington (Bowmanville)
  • AreaBowmanville
  • NeighbourhoodBowmanville
  • Postal CodeL1C 1C8
  • Style
  • Price$ 6,850,000
  • Bedrooms38
  • Bathrooms26
  • Half Bathrooms0
Data Source:
Canadian Real Estate Association (CREA)
Property Description

15 Nelson Street is a well-capitalized, professionally managed 26-unit multifamily investment opportunity in Bowmanville, one of Durham Region's tightest rental submarkets. 14 one-bedroom and 12 two-bedroom self-contained units across a 3-storey brick building of approx. 24,000 sq ft, on a corner lot at Nelson & Ontario Streets, one block from Liberty Street and walkable to downtown Bowmanville. Current ownership has completed a documented, decade-long capital improvement program, including a full heating conversion to natural gas with a twin-boiler load-sharing system, a 2022 EPDM (rubber membrane) roof replacement, unit-level electrical and plumbing isolation, and ongoing building envelope maintenance - resulting in a low, stable expense ratio and no material deferred maintenance. Operating income has shown consistent, steady growth year over year, with expenses well managed relative to that growth - a track record of disciplined, professional operation. Ownership has taken exceptional care curating a stable, respectful tenant community: well-kept balconies free of clutter and a strong track record of on-time rent payment throughout. Long-serving superintendents have helped make this building feel like home for residents, contributing directly to low turnover and consistent performance. Full financial package, rent roll, and capital improvement records available to qualified buyers under signed NDA. Do not go direct or speak to staff or tenants - contact Listing Salesperson for all showings and inquiries. (id:7434)

General Features

Features Irregular lot size
Property Type Multi-family
Zoning Description R4
CommunityName Bowmanville
Amenities Public Transit
Building Cooling Type None, Air exchanger
Location Description Cross Streets: Nelson & Liberty St S. ** Directions: South Liberty Stree to Nelson.
Parking Space Total 34
Foundation Type Poured Concrete
Building Type Other
Building.StoriesTotal 3

Interior Features

Building Fireplace Present False
Building Heating Type Radiant heat
Building Heating Fuel Natural gas
Basement Type None
Living Area Range 5000
Bedrooms 38

Exterior Features

Land Amenities Public Transit
Landscape Features Landscaped, Lawn sprinkler
Sewer Sanitary sewer
Exterior Finish Brick

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in L1C 1C8

Price
AVG $6.85M
$6.85M

Your Agent

Scott Roy

Sales Representative

289-216-3207


Listing provided by Scott Roy, Sales Representative, REMAX Jazz Inc.

Listed By
CENTURY 21 INFINITY REALTY INC

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