Type
Investment
Age
-
Days Listed
6
Last Updated
6 days ago

Ask about this home

Rafal starmach

Sales Representative at Right at Home Realty Inc, Brokerage

  Yes 

Description

Turn Key Cash Positive Investment In Rapidly Growing Municipality Clarington. Gross Monthly Income $4363.00. Net Yearly Income Of $39,548.75 Cap Rate Of 5.733%. Long Term Tenants, Low Overhead, Low Maintenance Building. Price To Sell. Building Needs Some Updating But Has Great Future Potential. Sold As Is. Property Has Been Operating As A Multiplex For 50 Plus Years. Property Is Not Legal Non Conforming. Currently Zoned R1-12.

Extras

Potential For Future Laundry Rm In Utility Area For Add'l Income. 5 Pking Spaces, Close To Transit & All Amenities. Very Strong Rental Market In Clarington W/Several Growth/Infrastructure Projects Underway, Go/Metrolinks, 407, Opg, Hospital

Features

Facts
Type:Investment
Age:-
Type:U.
Property Type:CommercialProperty
Taxes:4181.64
Zoning:R1-12
Listed by:ROYAL SERVICE REAL ESTATE INC., BROKERAGE
MLS®#:E4317029
Property Type:Investment
Type:Apts-2 To 5 Units
Property Type:Apartment
Number of Days Listed:6
Last Checked:20 hours ago
Listed on Home.ca:2018-12-05 16:41:28
Property
Status:Sale
Type:U.
Type:Apts-2 To 5 Units
Property Type:CommercialProperty
Property Type:Investment
Property Type:Apartment
Community:Bowmanville
Availability Date:30/60 Tba
Inside
Bathrooms:5
Air Conditioning:N
Building
Basement:Y
Heat Type:Baseboard
Freestanding:Y
Water Supply:Municipal
Parking
Garage Type:None
Fees
Tax Year:2018
Tax Legal Description:**Pt Lt 8 Blk 33 Pl Hanning Bowmanville Pt 1,
Taxes:4181.64
Taxes Type:Annual
Land
Cross Street:Liberty/Wellington
Municipality District:Clarington
Lot Frontage:81.27
Lot Size Units:Feet
Zoning:R1-12
Municipality:Clarington
Municipality District:Durham
Commercial Specific
Total Area:564
Total Area Metric:Sq Metres
Office Size:2408
Office Size Metric:Sq Ft
Lot Code:Building
Survey:Y
Financial Statement:Y
Utilities
Utilities:Y
$687,900 - for Sale - MLS#: E4317029  

This investment property at 8-10 Wellington Street, Clarington, L1C 1V2 is currently for sale for $687,900. This property has been listed on Home.ca for 6 days and can be financed with an estimated mortgage of $2,330 per month*. Yearly property taxes for this home are approximately $4,182.

8-10 Wellington Street is a Investment home. The home's closest main intersection is Liberty/Wellington. The lot dimensions of this property are 81.27 Feet. The property is located in the Bowmanville neighbourhood in the city of Clarington, in the regional municipality of Durham. Nearby neighbourhoods are Rural Clarington, Orono, Courtice, Newcastle, Other.

This home has 0 beds and 5 bathrooms . .

This home has a y basement. The garage is none.

Date of possession for this property is 30/60 Tba. This home was listed by ROYAL SERVICE REAL ESTATE INC., BROKERAGE according to MLS® Reciprocity.


Nearby Schools

Elementary Schools

Duke of Cambridge Public School

K-8, Public, 0.19 km

Vincent Massey Public School

JK-8, Public, 0.23 km

Central Public School

JK-6, Public, 0.68 km

St. Joseph Catholic Elementary School

JK-8, Catholic, 1.24 km

John M James School

JK-8, Public, 1.40 km

Waverley Public School

JK-8, Public, 1.46 km

Secondary Schools

Bowmanville High School

9-12, Public, 0.27 km

Centre for Individual Studies

9-12, Public, 1.47 km

St. Stephen Catholic Secondary School

9-12, Catholic, 2.28 km

Clarington Central Secondary School

9-12, Public, 2.23 km

Clarke High School

9-12, Public, 7.22 km

Holy Trinity Catholic Secondary School

9-12, Catholic, 7.45 km


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For property value of $687,900 and downpayment of 20% ($137,580), your mortgage will be $2,330.34

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About 8-10 Wellington Street, Clarington

Property is located at 8-10 Wellington Street, Clarington, L1C 1V2 and is situated in the neighbourhood of Bowmanville. Taxes are approximately $4181.64 on an yearly basis. It's located near Liberty/Wellington. Property taxes in 2018 were $4181.64 per year. Possession date is 30/60 Tba.