Phenomenal investment opportunity in a prime AAA Bowmanville location! Featuring 11 spacious 2-bedroom units, all just minutes from public transit, grocery stores, restaurants, and other essential amenities. Separate Hydro Meters (Landlord Pays) , Thermal Windows replaced in 2006, Flat roof redone in 2015, Onsite laundry facilities generate steady monthly income, while 14 onsite parking spaces offer additional current and future revenue potential. The large basement space, currently used for tenant storage lockers, presents an exciting opportunity to potentially add an additional bachelor unit. With approx. 104% upside on the existing rent roll upon tenant turnover, this property offers massive value-add potential for investors. Well-located, and full of untapped potential. (id:4069)
Address
63 LAMBS LANE
List Price
$1,999,000
Property Type
Multi-family
Type of Dwelling
Multi-Family
Area
Ontario
Sub-Area
Clarington (bowmanville)
Floor Area
11,495 Sq. Ft.
Lot Size
90 x 127.71 FT Sq. Ft.
MLS® Number
E12095939
Listing Brokerage
MYSAK REALTY INC.
Postal Code
L1C3G6
Zoning
R1
Site Influences
Highway, Public Transit
