Property Details
15 NELSON STREET, Clarington (bowmanville), Ontario, L1C1C8
Broker and Sales Representatives
Royal LePage - Frank Real Estate Brokerage - Bobcaygeon
Cell: 705-879-9663
Tel: 705-878-9299
$6,850,000 - For sale
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:2471)
Location DescriptionCross Streets: Nelson & Liberty St S. ** Directions: South Liberty Stree to Nelson.
- Property Address:15 NELSON STREET, Clarington (bowmanville), Ontario, L1C1C8
- Property Type:Multi-family
- Community Name:Bowmanville
- Lot Size:136.8 x 273.6 FT
- Sewage Type:Sanitary sewer
- Water Type:Municipal water
- Driveway:No Garage
- Parking Space Total:34
- Structure Style:Other
- Bedrooms:38
- Bathrooms:26
- Floor Space:5000 - 100000 sqft
- Heating Type:Natural gas, Radiant heat
- Storeys:3
- Basement Type:None
- Foundation Type:Poured Concrete
- Cooling Type:None, Air exchanger
- Rental Equipment:Water Heater
- Exterior Type:Brick
- Amenities Nearby:Public Transit
Broker and Sales Representatives
Royal LePage - Frank Real Estate Brokerage - Bobcaygeon
Cell: 705-879-9663
Tel: 705-878-9299
MLS®, REALTOR®, and the associated logos are trademarks of The Canadian Real Estate Association. This REALTOR.ca listing content is owned and licensed by REALTOR® members of The Canadian Real Estate Association.
- Map 15 NELSON STREET, Clarington (bowmanville), Ontario, L1C1C8
- Neighbourhood Information
15 NELSON STREET, Clarington (bowmanville), Ontario, L1C1C8
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