7843 Old Scugog Road, Clarington, ON L0B 1J0

$799,900
11
BD
6
BA
3,500
SqFt

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List Price
$799,900
MLS#
E14096568
Status
ACTIVE
Type
Multifamily
SubType
Multiplex
Style
2-Storey
Bedrooms
11
Bathrooms
6
Living Area
3500-5000
Province
ON
Municipality
Clarington
Area
Durham
Neighborhood
Rural Clarington
Subdivision
Old Scugog Rd/Regional Rd 3

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.

Additional Information

Taxes
$9,009
Heat Type
Forced Air
Heat Source
Oil
Air Conditioning
None
Kitchens
6
Exterior
Vinyl Siding
Garage Type
Detached
Pool
None
Parking Spaces
14

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Listing courtesy of Homesmiths Real Estate Limited.