79 Queen Street, Clarington, ON L1C 1M5, Clarington, ON, L1C 1M5
MLS: E12418974 | Detached
$950,000
Property Description
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.
Quick Facts
- Property Type: Detached
- Style: 2-Storey
- Bedrooms: 6 (5 above, 1 below)
- Bathrooms: 4
- Fireplaces: Yes
- Parking: 13.0 spaces (Private)
Costs
- Annual Taxes: $5,692.00 (2025)
Listing Provided by: RIGHT AT HOME REALTY
Board: Toronto Regional Real Estate Board
Data provided via CREA DDF®.
Detailed Features
Interior & Systems
- Cooling: Window Unit(s)
- Basement: Apartment, Finished
Exterior & Construction
- Style: 2-Storey
- Roof: Asphalt Shingle
- Construction: Brick
- Foundation: Unknown
- Sewer: Sewer
Lot & Land
- Features: Irregular Lot
- Pool: None
Community & Neighbourhood
- Neighbourhood: Bowmanville
Listing Information
Listing History
Sold history, price changes, and days-on-market are reserved for registered users.
Per TRREB / PropTx Virtual Office Website (VOW) terms, this data is available to logged-in users who have accepted the VOW Terms of Use.
Sign In or RegisterLocation & Neighborhood
🚗 Travel times
Neighborhood Walkability
Mortgage & Cost Calculators
Nearby Homes ?Nearby Homes — Search CriteriaSearch Radius1 kmPrice Range±30%Match BedroomsNoMatch BathroomsNo
235274 Grey Road 13 N/A, Grey Highlands, ON N0C 1G0, Grey Highlands
Vacant Land$950,000
$2,317/yr taxListing Courtesy of RE/MAX Summit Group Realty Brokerage
135 Barrette Street 601, Vanier and Kingsview Park, ON K1L 7Z9, Vanier and Kingsview Park
Condo Apartment$950,000
$10,769/yr taxListing Courtesy of MARILYN WILSON DREAM PROPERTIES INC.
3 LAKESIDE Lane, Port Dover
House$950,000
Listing Courtesy of Progressive Realty Group Inc.
254 Willowbrook Drive, Whitby, ON L1R 2Z1, Whitby
Detached$950,000
$6,300/yr taxListing Courtesy of ROYAL LEPAGE TERREQUITY REALTY
339 Elmbrook Road, Prince Edward County, ON K0K 2T0, Prince Edward County
Detached$950,000
$4,167/yr taxListing Courtesy of KELLER WILLIAMS ENERGY REAL ESTATE
205 PIRATES GLEN DRIVE, Trent Lakes
House$950,000
$4,358/yr taxListing Courtesy of ROYAL HERITAGE REALTY LTD.
1970 Brimley Road, Toronto E07, ON M1S 2B2, Toronto E07
Detached$950,000
$3,066/yr taxListing Courtesy of MASTER`S TRUST REALTY INC.
315 Cedar Avenue, Meaford, ON N4L 1W5, Meaford
Detached$950,000
$6,492/yr taxListing Courtesy of RE/MAX WEST REALTY INC.
3 Lakeside Lane, Norfolk, ON N0A 1N2, Norfolk
Detached$950,000
Listing Courtesy of Progressive Realty Group Inc., Brokerage
42 MILL Street 208, Halton Hills, ON L7E 0P9, Halton Hills
Condo Apartment$950,000
$5,159/yr taxListing Courtesy of RE/MAX REALTY SPECIALISTS INC.
Similar Homes ?Similar Homes — Search CriteriaSearch Radius5 kmPrice Range±5%Match Home TypeYesMatch BedroomsYes
995 Main Street E, Hamilton, ON L8M 1N3, Hamilton
Detached$950,000
$2,148/yr taxListing Courtesy of RIGHT AT HOME REALTY
41 Wishing Well Drive, Toronto E05, ON M1T 1H9, Toronto E05
Detached$950,000
$4,570/yr taxListing Courtesy of ICI SOURCE REAL ASSET SERVICES INC.
238 Dolman Street, Woolwich, ON N0B 1M0, Woolwich
Detached$950,000
$6,116/yr taxListing Courtesy of SOTHEBY'S INTERNATIONAL REALTY CANADA
65 Highcourt Crescent, Toronto E09, ON M1H 2L7, Toronto E09
Detached$950,000
$4,419/yr taxListing Courtesy of Crestview Real Estate Inc.
527 Alcor Terrace, Barrhaven, ON K2J 6N6, Barrhaven
Detached$949,999
$5,534/yr taxListing Courtesy of EXP REALTY
126 MILFORD HAVEN Drive, Toronto E09, ON M1G 3E1, Toronto E09
Detached$949,900
$3,846/yr taxListing Courtesy of ROYAL LEPAGE VISION REALTY
2382 Wickerson Road, London South, ON N6K 4R6, London South
Detached$949,900
$7,007/yr taxListing Courtesy of ROYAL LEPAGE TRILAND REALTY
8 Downer Crescent, Wasaga Beach, ON L9Z 1C2, Wasaga Beach
Detached$949,900
$5,300/yr taxListing Courtesy of CAPITAL NORTH REALTY CORPORATION
7 Robinson Street S, Grimsby, ON L3M 3C5, Grimsby
Detached$949,900
$8,498/yr taxListing Courtesy of COLDWELL BANKER COMMUNITY PROFESSIONALS
580 SUNLIT Circle, Orleans - Cumberland and Area, ON K4A 0V4, Orleans - Cumberland and Area
Detached$949,900
$5,600/yr taxListing Courtesy of EXP REALTY
Property Comparables ?Active Comparables — Search CriteriaSearch Radius2 kmPrice Range±15%Match Home TypeYesMatch BedroomsYes
No active comparables found in this area.
No rental comparables found in this area.
Sold comparables require subject coordinates and a sale-context listing.
Rented comparables require subject coordinates.
Book a Viewing
79 Queen Street, Clarington, ON L1C 1M5, Clarington, ON, L1C 1M5