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Royal LePage
Royal LePage
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$1,899,900

Sudbury ON, P3E 4M1

MLS® # 2124668

Property Information:

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:27)

Building Features:

  • Style: Multiplex
  • Basement Type: None
  • Exterior Finish: Brick, Vinyl siding
  • Fire Protection: Controlled entry, Fire alarm system
  • Flooring Type: Concrete, Parquet, Carpeted
  • Foundation Type: Concrete Slab
  • Roof Material: Asphalt shingle
  • Roof Style: Unknown
  • Heating Type: Baseboard heaters

Property Features:

  • OwnershipType: Freehold
  • Property Type: Multi-family
  • Amenities Nearby: Park, Public Transit, Schools
  • Storage Type: Storage
  • Zoning: R3-1
  • Sewer: Municipal sewage system

Courtesy of: RE/MAX CROWN REALTY (1989) INC., BROKERAGE (SUDBURY)

REALTOR.ca  

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⚠ Potential Investment Performance

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Location of 1590 Kelly Lake Road, Sudbury, Ontario, P3E 4M1

Demographic Information of 1590 Kelly Lake Road, Sudbury, Ontario, P3E 4M1

Life Stage

Young Couples

Employment Type

Service Sector/White Collar

Average Household Income

$180,723.39

Average Number of Children

1.76

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

13.12 %

High school certificate or equivalent

14.23 %

Apprenticeship trade certificate/diploma

4.07 %

College/non-university certificate

25.67 %

University certificate (below bachelor)

1.41 %

University Degree

41.5 %

Commuter

Travel To Work

By Car

91.54 %

By Public Transit

0.46 %

By Walking

2.4 %

By Bicycle

2.4 %

By Other Methods

3.2 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

3.14 %

Houses

96.86 %

Own Vs. Rent

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