Property
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+69 more
$1,899,900

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Sudbury, Ontario, P3E4M1

Active

About This Property

This multi-family in Sudbury is available for your consideration. The home features concrete and parquet and carpeted flooring, baseboard heaters heating, a none basement.

MLS Remarks

Great investment property in Sudbury’s South End location. This building has been meticulously maintained by the owners for over 37 years! There are ten 2-bedroom units and one 1-bedroom unit. All 2-bedroom units feature a walk-in-closet, pantry, and a spacious living and dining room. The 8 units on the second and third floors have a balcony, some overlooking Robinson Lake. All tenants pay their own heat and hydro, have access to a storage locker and a parking spot. The building has been extremely cared for over the years. Upgrades include but not limited to the 40-year shingles (2014), energy efficient doors (2008) and windows (2005), paved driveway and parking lot, fire suppression system (2012). The building has an improved cap rate of 6.52% and gross income over $158K! The current owners have treated the current tenants like family for all these years. This building is more than just numbers, it is an all brick and concrete building that will bring pride of ownership to the new investors for years to come. You Tube Video: https://www.youtube.com/watch?v=2RmRj8ypMPE (id:60351)

Overview

Property Typeresidential
Sub-Typemulti-family
StatusActive
MLS #2124668

Interior

HeatingBaseboard heaters
FlooringConcrete, Parquet, Carpeted
BasementNone

Exterior

Exterior FeaturesBrick, Vinyl siding

Listing Information

MLS#: 2124668


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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Mortgage Calculator

$
$379,980
5%20%50%
Estimated Monthly Payment
$8,448
/month
Mortgage
$1,519,920
Total Interest
$1,014,543

For illustration purposes only. Consult a mortgage professional for accurate rates.

Land Transfer Tax

$
Ontario LTT$34,473
Total Due on Closing$34,473

Estimate based on Ontario LTT rates. Consult your lawyer for exact amounts.

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