view of front of property featuring an outbuilding Features: outdoor structure, fence, detached garage More Photos

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    For Sale - 79 Queen Street, Clarington, Ontario

    Est payment $4,562/mo
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    Time on Jump  191 day

    AI Summary *

    • Investment opportunity with a strong 6.3% cap rate for steady cash flow.
    • Four self-contained rental units with private entrances and outdoor spaces.
    • Large corner lot offers parking for up to 12 vehicles and additional income potential.
    • Located near a hospital expansion in a rapidly growing municipality.
    • Recent updates include new electrical, roof, and fresh interior finishes.




    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 6. 3% 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.
    Listing IDE12418974
    Address79 Queen Street
    CityClarington, Ontario
    Price$950,000
    Bed / Bath6 / 4 Full
    Style2-Storey, Detached
    ConstructionBrick
    TypeResidential
    StatusFor Sale

    Subtype DetachedIndoor Features OtherAmenities Fenced Yard, Hospital, Level, Park, Public Transit, SchoolFeatures Irregular LotOwnership FreeholdBasement Apartment, FinishedFoundation UnknownHeating / Cooling RadiantHeating Fuel GasSewer Sewer

    Parking 13.00
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    Listing Agency:  RIGHT AT HOME REALTY

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    79 Queen Street
    Clarington , Ontario
    6 4 $950,000
    Get more info