About This Property
This multi-family in Sudbury is available for your consideration. The home features tile and carpeted and other and vinyl flooring, boiler heating, a unknown basement.
MLS Remarks
Located in Sudbury’s West End, 642–646 St. Clair Street offers a 9-unit multi-residential investment with immediate income and clear value-add upside. The property consists of four 1-bedroom units, two 1-bedroom + den units, one 2-bedroom unit, and two bachelor apartments. Each unit is separately metered for hydro with individual panels, plus a dedicated common-area meter potentially minimizing owner expenses and simplifying management. The building features four separate entrances, supporting tenant privacy and operational efficiency. Heat is provided by a gas boiler installed in 2023, offering reliable and cost-effective performance. Five units have been renovated, while remaining units present an opportunity for further rent optimization through cosmetic updates. Additional upside includes a detached garage with electric heat currently unused by tenants and suitable for additional rental income or storage revenue. Shared laundry consists of one card-operated washer and dryer on site. The property is well-located with strong tenant demand, close to transit, amenities, and employment. With stable occupancy and multiple avenues for revenue growth, 642–646 St. Clair Street is well-suited for investors seeking day-one cash flow with long-term upside. (id:60351)
Overview
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MLS#: 2126399
Information is deemed reliable but not guaranteed. Data provided by the Canadian Real Estate Association (CREA) through the Data Distribution Facility (DDF). Listing data is updated regularly but may not reflect the most current information. All information should be independently verified.
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