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Key Facts
Key facts for 8 Wellington St
Property Type
Apartment, 2-Storey
Parking
None 0 garage, 5 parking
MLS #
E7395052
Size
-
Basement
Apartment
Listed on
2024-01-12
Lot size
81 x 0.00
Tax
$4,835.36 /yr
Days on Market
60
Approximate Age
-
Maintenance Fee
-
Description
Calling all Investors! Rarely offered Multiplex in the heart of Downtown Bowmanville walking distance to all amenities, steps to transit and 3 minutes to 401 HWY. Legal Non conforming Fourplex with additional unit, 5 separate hydro meters, 1 house meter that includes the lower unit and four individu...al meters for the remaining units, 5 paved designated parking spaces plus one visitor parking. Strong rental revenue with good long term tenants. Monthly rents total $6388.00 with approx 65K annual NOI. The majority of the units have been updated with new kitchens, baths etc. Excellent property to add to your existing portfolio or golden opportunity to get started in the property management/income property business. Attractive long term hold rapidly in the expanding municipality of Clarington. Very high demand for rental units in the area. Under 1 hour to downtown Toronto.
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