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Investment signal

$699,000

102 QUEEN STREET

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Beds

Baths

Sqft

—

Year

—

Type

Multi-family

Suite

Suite potential

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Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Clarington (Bowmanville). The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

Calling all Investors & First Time Buyers! Great Renovation Project! Rarely offered Income Property in the heart of Downtown Historical Bowmanville. Location is within walking distance to all Bowmanville Historical Downtown amenities, schools, library, banks and restaurants. Steps to transit and 3 minutes to Hwy 401. Paved parking for 4+ vehicles and huge grassed backyard with shade tree. Currently tenanted generating total monthly rents of $3,497 with annual Net Operating Income of $23K. Furnace replaced in Fall/2020. Excellent property to add to your existing portfolio or golden opportunity to get started in the property management/income property business. Deep 172 feet lot with 66 feet frontage offers long term hold potential in the Bowmanville Historical Downtown Core. Ideal for the Investor looking for a project in area of high demand for rental units, or for the First Time Buyer looking for rental income to supplement mortgage payments. Forty (40) minute drive to Yonge Street & Hwy 401. Buyer to complete own due diligence. Property being sold in "As-Is Condition". Seller makes no representations or warranties. Flexible closing available. Ideal for renovation or investment in well established high density Bowmanville core. (id:65958)

Subtype: Multi-family
Structure: Triplex
Community: Bowmanville
Lot dimensions: 66 x 172 FT
Bedrooms: 5 above grade
Parking: 4 total
Stories: 2
On market: Apr 16, 2026
Status changed: Apr 23, 2026
Annual tax: $5,787.68 (2026)
Zoning: R1-12 (see attachments for permitted uses)
Photos: 5
MLS#: E13009520
Area: CLARINGTON_(BOWMANVILLE)

Features and systems

Parking

No Garage

Basement

Apartment in basementN/A

Heating

Forced airNatural gas

Cooling

None

Exterior

Brick

Foundation

Unknown

Lot

Irregular lot size

Utilities

SewerElectricityCable

Negative cash flow ~$783/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

-6.72%

Cap rate

3.52%

GRM

16.6

Break-even rent

$4,324

Financing

Down payment$139,800

Loan amount$559,200

Mortgage$2,833/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$320

Insurance$80

Maintenance$583

CapEx reserve$291

Vacancy loss$175

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Mortgage estimate

Estimated $2,833/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 23, 2026.