For Sale · Multifamily

LOWER - 68 PROUT DRIVE, Clarington (Bowmanville)

LOWER - 68 PROUT DRIVE, Clarington (Bowmanville), ON L1C4A5

Price on request

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Asset Class

Multifamily

Size

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Building class

A

Zoning

RF6 — Medium Density

$ / SF

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Occupancy

86%

About this property

**NOT YOUR TYPICAL LOWER-LEVEL APARTMENT!** Welcome to this spacious, approximately 1,000 sq.ft., two-bedroom plus den apartment, offering a unique two-level layout in a legal duplex on a quiet court in Bowmanville. Professionally renovated by Scott McGillivray for HGTV's *Income Property*, this bright and inviting home features large windows, an open-concept kitchen, dining and living area, two comfortable bedrooms, a separate den ideal for a home office, and a full bathroom with a glass-enclosed shower. Surrounded by mature trees, the property offers a peaceful residential setting with the added benefit of a**large, fully fenced backyard for exclusive tenant use**. Additional features include private in-suite laundry, two dedicated parking spaces and a private entrance. Conveniently located near downtown Bowmanville, shopping, amenities, Highway 401 and Darlington Nuclear Generating Station.**RENTAL DETAILS:** $2,400/month, including heat, hydro and water. Internet/Wi-Fi not included. Available December 1, 2026.**PLEASE NOTE:** Photographs show the apartment professionally staged for HGTV. The apartment is being rented unfurnished. Rental application, income verification, credit check and references requested as part of the application process. First month's rent and a last month's rent deposit required in accordance with Ontario tenancy legislation. *For Additional Property Details Click The Brochure Icon Below* (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy86%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$71K

Annual cash flow

$-12K

Cash-on-cash

-2.69%

DSCR

0.85

Going-in cap

4.74%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

121,879

Households

57,383

Median income

$119,500

Median age

36.5

Daytime population

119,386

5-yr growth

7.7%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for LOWER - 68 PROUT DRIVE, Clarington (Bowmanville).

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.