15 NELSON STREET
Bowmanville, Clarington, L1C1C8
Listed by CENTURY 21 INFINITY REALTY INC
$6,850,000
- 38 bedrooms
- 26 bathrooms
- 34 parking
Listed 36 days ago · MLS® E13785138
About this home
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:66966)
Details
- Type
- Multi-family
- Basement
- None
- Garage
- Garage
- Property tax
- $67,023
- Neighbourhood
- Bowmanville
- Municipality
- Clarington (Bowmanville)
Interior
- Bedrooms
- 38 above ground
- Fireplace
- No
Heating, cooling and services
- Heating
- Radiant heat, Natural gas
- Air conditioning
- Air exchanger
- Water and sewer
- Sanitary sewer
Building and exterior
- Foundation
- Poured Concrete
- Outdoor
- Brick
Parking
- Total parking
- 34
- Driveway and parking
- No Garage
Location
Location is approximate. See nearby homes on the map
Listed by CENTURY 21 INFINITY REALTY INC.
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The information contained on this site is based in whole or in part on information that is provided by members of The Canadian Real Estate Association, who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members and assumes no responsibility for its accuracy.
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