REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 1,599,000
Est. payment /mo
Price Dropped by $91K
34 KING STREET W Clarington (bowmanville), ON L1C1R3
6,000 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Approx. Sqft 6000
Square Footage 6,000 sqft
Price per Sqft $266
Subdivision Bowmanville
MLS® Listing ID E12385650
Lot Size 6,838 Sqft
Acres 0.157
Property Description
Premium Investment Opportunity in Bowmanville's vibrant Downtown core. This beautifully restored heritage building, originally The Royal Theatre (c. 1914) offers timeless charm, modern upgrades, & solid income potential. Over 6,000 sq. ft. of mixed-use Commercial Residential space with 4 parking spaces in back accessed by laneway. Well renovated & upgraded! Newer flat Roof, new Energy-Efficient windows, new gas-fired boiler & ductless heat/AC Units for year-round comfort. Sep elec. meters service all units. Upgraded interior decor, vanities, fixtures, flooring, paint. Retailers & Residents love the High Ceilings, Exposed Brick, & abundance of natural light. Main Floor Retail: 4,000+ sq. ft. with soaring ceilings, large street-facing storefront windows, elegant finishes, an upper mezzanine for added merchandise space in the main boutique + an expansive, bright office/production area with private shipping access & an outdoor staff patio in back. MN FL Currently tenanted by a premier children's clothing boutique with stable, long-term lease. Upstairs: 3 well-tenanted Apts: 3BR/2Bath, 1BR/1Bath, and a charming studio in the former projection room with its own entrance ideal for artists or entrepreneurs or pied--terre. All Res. tenants are Month-to-Month. Located near major routes (Hwy 2, 401/407, future GO Transit). This property sits in a growth-focused community rich in history & surrounded by protected agricultural lands, conservation areas, waterfront trails. Award-winning festivals, a supportive local economy with thriving, successful retailers, restaurants & professional services, plus a growing population, make this a strategic & sophisticated investment, just 75km from Toronto. Income & Expenses & Floor Plans available. Approx. 6% Cap Rate (id:24570)
Location
State ON
Rooms
Kitchen 0.0
Interior
Heating Hot water radiator heat
Cooling Partially air conditioned
Exterior
Parking Features No
View Y/N No
Attached Garage No
Total Parking Spaces 4
Garage No
Private Pool No
Others
Virtual Tour https://listings.insideoutmedia.ca/sites/34-king-st-w-bowmanville-on-l1c-1r3-18908239/branded
Listed by Century 21 United Realty Inc.