6,000 ft2
Partially Air Conditioned
Hot Water Radiator Heat
$1,690,000
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:29131)
Business
Business Type
|
Retail and Wholesale |
Business Sub Type
|
Retail misc. |
Property Details
MLS® Number
|
E12385650 |
Property Type
|
Retail |
Community Name
|
Bowmanville |
Amenities Near By
|
Public Transit |
Features
|
Irregular Lot Size |
Parking Space Total
|
4 |
Building
Appliances
|
Dishwasher, Dryer, Washer |
Cooling Type
|
Partially Air Conditioned |
Heating Fuel
|
Natural Gas |
Heating Type
|
Hot Water Radiator Heat |
Size Interior
|
6,000 Ft2 |
Utility Water
|
Municipal Water |
Land
Acreage
|
No |
Land Amenities
|
Public Transit |
Size Depth
|
168 Ft |
Size Frontage
|
36 Ft ,6 In |
Size Irregular
|
0.157 |
Size Total
|
0.157 Ac |
Size Total Text
|
0.157 Ac |
Zoning Description
|
C1-1 |
https://www.realtor.ca/real-estate/28823977/34-king-street-w-clarington-bowmanville-bowmanville