54 Liberty Street N
Bowmanville, Clarington
$1,100,000
Attention Developers, Builders & Investors! A rare opportunity to acquire a prime ~2-Acre Land Assembly in the heart of rapidly growing Bowmanville. Combining 50 & 54 Liberty St N, this high-density redevelopment site is perfectly positioned for a projected 31-84 unit townhouse development. Capitalize on the exploding housing demand in Clarington with a site that offers incredible scale and high-yield potential. While you secure your zoning amendments and municipal architectural permits, enjoy strong, immediate holding income of $4700.00/month from the existing stable tenancies to offset soft costs. Unbeatable, transit-oriented location just minutes to Highway 401 & 407, local schools, parks, shopping, and the upcoming Bowmanville GO Station expansion. Walk to historic Downtown Bowmanville. Properties sold together as a package assembly. Don't miss this lucrative, turnkey development asset! Seller already has a development proposal drawn up for 31-84 unit townhouse.
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| Type | Detached |
| Style | 1 1/2 Storey |
| Approx. Age | 100+ |
| Size | 1100-1500 sq. ft. |
| Property Tax | $5,938 |
| Lot Size | 71 ft x 500 ft |
| mls© Number | E13849550 |
| Listed By | EXPRESS REALTY INC. |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
Schools
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $5,630
- Property tax
- $495
- Heat allowance
- $150
- Housing costs
- $6,275 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$193,000
gross annual household income
- Payment at 4%
- $4,629 / mo
- Cash down
- $220,000
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
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