15 Nelson Street, Clarington (Bowmanville), Ontario

About 15 Nelson Street

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:6289)

More Info on this Bowmanville Other MLS® listing

15 Nelson Street is an other listing for sale in Clarington (Bowmanville). The MLS® number is E13785138. It features 38 bedrooms, 26 bathrooms. It's currently listed for $6,850,000. For more details on MLS® E13785138, including price history, disclosures, or to schedule a private showing, fill out the form on this page. This other listing in Bowmanville is available now!

Selling your Bowmanville Other property?

Have a similar home to 15 Nelson Street? If you’re thinking about selling your Bowmanville other property, then we should chat. Fill in the form on this page, or click request info, and we’ll get right back to you, and we can chat about selling your Clarington (Bowmanville) property.

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