79 Queen Street, Clarington, ON L1C 1M5
Clarington
Investment Opportunity with 6.3% Cap Rate. This 4-unit property is situated on a 13,433 sq. ft. corner lot. The oversized 0.308-acre lot provides parking for up to 12 vehicles, along with a detached garage that offers additional income potential. The property features 4 self-contained rental units, each with private entrances and outdoor spaces, including a rooftop terrace. The units consist of a 79A Coach House (Large 1 Bedroom Unit @ $1,850/month), Upper Unit ( Vacant 2 Bedroom Unit @ $2,200/month), Basement Apartment (Bachelor Unit @ $1,450/month), and Side Unit (Large 1 Bedroom Unit $1,500/month), generating a total rental income of $7,000 per month ($84,000 annually). This property achieves a strong 6.3% cap rate, making it an excellent cash-flowing investment. Investors will also appreciate the opportunity to further increase net operating income by raising rents and transitioning leases to exclude utilities and hydro. Recent updates include all new electrical wiring (2013), a new roof membrane on 79A and the rooftop terrace (2015), hardwood, fresh paint, and a cleared and maintained parking lot. Included in the sale are 4 fridges, 4 stoves, 1 dishwasher, 2 washers and 2 dryers, 4 window A/C units, and 3 sheds. Located in the heart of historic downtown Bowmanville, just blocks from the hospital that will be undergoing an expansion to double its size, this property provides both immediate rental income and long-term growth potential. Clarington itself is a rapidly growing municipality, with major infrastructure projects such as new highways and GO Train stations expected to support further residential, commercial, and industrial expansion. Significant increases in building permit values highlight strong investment and development activity, especially in residential construction. Updated economic development strategies ensure the town is well-positioned to capitalize on future growth.
Estimate only - excludes property tax, condo fees, utilities and home insurance. Rates vary by lender and term; based on semi-annual compounding.
Walkability, transit, and bike-friendliness for 79 Queen Street, Clarington, ON L1C 1M5
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MLS# E12418974
Listed by RIGHT AT HOME REALTY
On market since Sep 22, 2025
What comparable homes actually sold for in the last 12 months.
79 Queen Street, Clarington, ON L1C 1M5 is listed for $950,000 CAD.
79 Queen Street, Clarington, ON L1C 1M5 has 6 bedrooms and 4 bathrooms.
79 Queen Street, Clarington, ON L1C 1M5 is a Detached.
79 Queen Street, Clarington, ON L1C 1M5 is in Clarington, Ontario.
79 Queen Street, Clarington, ON L1C 1M5 is currently for sale.
The annual property taxes on 79 Queen Street, Clarington, ON L1C 1M5 are approximately $5,692 CAD.
Contact Michael Mezheritsky at +1 (416) 716-4439 to arrange a private showing of 79 Queen Street, Clarington, ON L1C 1M5 (MLS# E12418974). You can also send a message through the contact form on this site.
