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$ 6,850,000
Est. payment | /mo
38 Beds
26 Baths
$ 6,850,000
Est. payment | /mo
38 Beds
26 Baths
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Approx. Sqft 5000 - 100000
Subdivision Bowmanville
MLS® Listing ID E13785138
Bedrooms 38
Property Description
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:24570)
Location
State ON
Rooms
Kitchen 0.0
Interior
Heating Radiant heat,
Cooling None, Air exchanger
Exterior
Parking Features No
View Y/N No
Attached Garage No
Total Parking Spaces 34
Garage No
Private Pool No
Building
Lot Description Landscaped, Lawn sprinkler
Story 3
Sewer Sanitary sewer
Others
Virtual Tour https://youtu.be/V9255hWMJB4
Listed by CENTURY 21 INFINITY REALTY INC
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