15 NELSON STREET, Clarington (Bowmanville), Ontario, L1C1C8
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)
BALL Real Estate Inc., Brokerage - Bancroft
- 905-715-4569
- 613-332-2000
- sue.sotiriou@gmail.com
- Property Address: 15 NELSON STREET, Clarington (Bowmanville), Ontario, L1C1C8
- Community Name: Bowmanville
- Property Type: Multi-family
- Zoning Description: R4
- Lot Size: 136.8 x 273.6 FT
- Acreage: 136.8 x 273.6 FT
- Sewage Type: Sanitary sewer
- Water Type: Municipal water
- Driveway: No Garage
- Total Parking Spaces: 34
- Amenities Nearby: Public Transit
- Structure Style: Other
- Storeys: 3
- Floor Space: 5000 - 100000 sqft
- Bedrooms: 38
- Bathrooms: 26-Total
- Basement Type: None
- Heating Type: Natural gas, Radiant heat
- Cooling: None, Air exchanger
- Exterior Type: Brick
- Foundation Type: Poured Concrete
- Irregular lot size
- Landscaped
- Lawn sprinkler
Listing Office: CENTURY 21 INFINITY REALTY INC
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