$699,000Asking Price
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.
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.
See More| Room | Floor | Dimensions | Details | |
|---|---|---|---|---|
| 1 4-Piece Bathroom | ||||
| 2 3-Piece Bathrooms on Ground Floor | ||||
| 1 3-Piece Bathroom | ||||
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Bowmanville, Clarington is an east GTA neighbourhood notable for its singles, renters, education, law & public sector professionals, salespeople and tradespeople. Residents tend to be younger with a significant number of babies, kids aged 5 to 14 and adults aged 25 to 49.
Kids Per Family
1.2
kids per family
in the neighbourhood.
40%
of residents are
single and loving it.
40% singles
Clarington (38%)
17%
of residents
are renters.
17% renters
Clarington (12%)
20%
of residents are
university grads.
20% university grads
Clarington (21%)Average Household Income
$116K
is the average household
income in the neighbourhood.
Professions
| Sales | 15% |
| Trades | 12% |
| Business | 10% |
| Government | 10% |
| Health | 6% |
11%
of residents were
born outside of Canada.
11% immigrants
Clarington (13%)3.4% from UK
All-time
0.6% from UK
Recent
Foreign Languages
| French | 2% |
| Spanish | 1% |
| Dutch | 1% |
Religions
| Christian | 68% |