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Est. payment | /mo
38 Beds
26 Baths
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Est. payment | /mo
38 Beds
26 Baths
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 5000 +
Subdivision Bowmanville
MLS Listing ID E13785138
Style 3-Storey
Bedrooms 38
Annual Tax Amount $67,022
Tax Year 2025
Property Sub-Type Multiplex
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.
Location
Province ON
County Durham
Area Durham
Zoning R4
Rooms
Family Room No
Basement None
Kitchen 26
Interior
Interior Features Air Exchanger, Floor Drain, Upgraded Insulation
Cooling None
Exterior
Exterior Feature Landscaped, Lawn Sprinkler System
Pool None
Roof Type Membrane
Lot Frontage 136.75
Lot Depth 273.64
Total Parking Spaces 34
Building
Foundation Poured Concrete
Others
Senior Community No
Security Features Alarm System,Security System
ParcelsYN No
Virtual Tour https://youtu.be/V9255hWMJB4
Listed by CENTURY 21 INFINITY REALTY INC
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