Homes for sale - 79 Queen ST, Clarington, ON L1C 1M5

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Azam Sheibani Aghdam

azam.sheibani@theagencyre.com +1(647) 992-2659

$ 950,000

Est. payment | -/mo

6 Beds

4 Baths

Save

$ 950,000

Est. payment | -/mo

Save

6 Beds

4 Baths

Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Approx. Sqft 2500-3000

Subdivision Bowmanville

MLS Listing ID E12418974

Style 2-Storey

Bedrooms 6

Annual Tax Amount $5,692

Tax Year 2025

Property Sub-Type Detached

Property Description

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 5.8% 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.

Location

Province ON

County Durham

Area Durham

Rooms

Family Room Yes

Basement Apartment, Finished

Kitchen 4

Separate Den/Office 1

Interior

Interior Features Other

Heating Yes

Cooling Window Unit(s)

Fireplace Yes

Heat Source Gas

Exterior

Parking Features Private

Garage Spaces 1.0

Pool None

Roof Type Asphalt Shingle

Lot Frontage 77.46

Lot Depth 165.15

Total Parking Spaces 13

Building

Lot Description Irregular Lot

Unit Features Fenced Yard,Hospital,Level,Park,Public Transit,School

Foundation Unknown

Others

ParcelsYN No

Listed by RIGHT AT HOME REALTY

Nearby Locations

PROPERTIES

There are 220 listings nearby.

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+1(647) 992-2659

azam.sheibani@theagencyre.com

79 Queen ST Clarington, ON L1C 1M5