$1,199,000

Investment For Sale In Sudbury, Ontario

$1,199,000

Property Information:

Solid all-brick six-plex on Pine Street offering strong in-place income and recent unit upgrades. Built in 1939 on a 50 ft x 120 ft lot, this property features six self-contained apartments with separate entrances, individual electrical panels, gas boiler radiator heat, and laneway parking for approx. 8 vehicles. Several units have been updated with new kitchens, refreshed bathrooms, butcher-block counters, tile backsplashes, stainless steel appliances, glass walk-in showers, refinished hardwood floors, and fresh paint (renovations completed 2021–2024). On-site coin laundry, rear interior fire escape (Units 3–6), basement storage, and seven hydro meters. Current gross income approx. $102,296 annually. Located approx. 2.0 km to Downtown Sudbury core, approx. 1.6 km to Elm Place shopping, with bus routes along Pine Street. Turn-key multi-unit investment with consistent tenant demand. (id:27)

Building Features:

  • Style: Multiplex
  • Basement Type: Full
  • Exterior Finish: Brick, Vinyl siding
  • Fire Protection: Fire alarm system
  • Flooring Type: Hardwood, Tile, Vinyl
  • Foundation Type: Concrete Perimeter
  • Heating Type: Boiler

Property Features:

  • OwnershipType: Freehold
  • Property Type: Multi-family
  • Access Type: Year-round access
  • Storage Type: Storage in Basement
  • Zoning: C4(1)
  • Sewer: Municipal sewage system

Courtesy of: SUTTON-BENCHMARK REALTY INC., BROKERAGE

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This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.