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$799,900
Est. payment /mo
11 Beds
6 Baths
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Approx. Sqft 3500 - 5000
Subdivision Rural Clarington
MLS® Listing ID E14096568
Bedrooms 11
Property Description
Prime 6-unit residential investment opportunity on a spacious ~0.35-acre lot in Enniskillen, within the high-growth Municipality of Clarington, with character roots dating back to the late 1800s. Fully vacant and self-contained, the property offers investors, renovators and contractors a rare blank canvas to reposition the building, complete renovations and establish new rents for incoming tenancies, subject to applicable Ontario law. Diverse unit mix includes 1 x 3-bedroom, 3 x 2-bedroom and 2 x 1-bedroom apartments, including dedicated laundry in Apt 1, a lightly updated Apt 6, and renovation materials already on-site for Apt 5. Key improvements and infrastructure include a new seamless membrane roof, 7 hydro meters, 2 oil tanks (c. 2018), and a new well pump and pressure tank (2025). Located in the established hamlet of Enniskillen with convenient access to Highway 407 and approximately 10 minutes to Bowmanville and Oshawa, placing the property near major employment, services and ongoing investment across Clarington. The region continues to benefit from significant infrastructure investment, including OPG's Darlington nuclear projects and the Bowmanville Hospital redevelopment. With tall ceilings, a substantial lot, complete vacancy and significant renovation and income upside, 7843 Old Scugog Road presents a compelling value-add opportunity for an investor looking to reposition a multi-residential asset and build long-term cash flow. (id:24570)
Location
Province ON
Rooms
Kitchen 4.0
Extra Room 1 Main level 2.15 m X 1.95 m Laundry room
Extra Room 2 Main level 9.61 m X 4.01 m Living room
Extra Room 3 Main level 4.89 m X 4.4 m Kitchen
Extra Room 4 Main level 2.66 m X 3.29 m Bedroom
Extra Room 5 Main level 3.95 m X 2.57 m Kitchen
Extra Room 6 Main level 3.28 m X 2.51 m Den
Interior
Heating Forced air
Cooling None
Exterior
Parking Features Yes
View Y/N No
Attached Garage No
Total Parking Spaces 14
Garage Yes
Private Pool No
Building
Story 2
Sewer Septic System
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Listed by Homesmiths Real Estate Limited
Nearby Locations
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