15 NELSON STREET

Clarington (Bowmanville), ON L1C 1C8

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:31684)

Listing courtesy of: Tyler Philp of CENTURY 21 INFINITY REALTY INC

The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. These trademarks are owned or controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA (REALTOR®) and/or the quality of services they provide (MLS®).

This REALTOR.ca listing content is owned and licensed by REALTOR® members of The Canadian Real Estate Association.