102 Queen St 4 Unit Apartment Building $699,000 CAD ($174,750 CAD/Unit) 3.29% Cap Rate Bowmanville, ON L1C 1M6

Discover this rarely available income property positioned in the heart of historic Downtown Bowmanville. Perfectly located within walking distance of charming downtown amenities, including shops, restaurants, banks, schools, and the public library. Enjoy easy access to local transit and only a 3-minute drive to Hwy 401, providing seamless connectivity.
The property features paved parking for 4+ vehicles and a deep, 172-foot lot with a 66-foot frontage, complemented by a generous backyard with mature shade trees. Currently tenanted and generating approximately $3,497 in monthly rental income, with an annual Net Operating Income of $23,000. Recent updates include a furnace replacement in Fall 2020, enhancing long-term value.
This offering presents an outstanding opportunity to expand your real estate portfolio or launch into the income property market. Its location in a highly sought-after rental area creates excellent holding potential for future growth. Ideal for investors seeking a project or first-time buyers looking to offset mortgage costs with rental income.
Property is being sold in “as-is” condition, with no representations or warranties by the seller. Flexible closing available. Situated in a well-established, high-density urban core—just 40 minutes from Yonge Street and Hwy 401—this property is a strong candidate for renovation and long-term investment success.