$1,249,900

Investment For Sale In Sudbury, Ontario

$1,249,900

Property Information:

Discover this exceptional multi-residential property offering 9 units in total at 642–646 St. Clair Street Sudbury. Four 1-bedroom units, two 1-bedroom + den, one 2-bedroom unit, and two bachelor apartments. Each unit is equipped with separate hydro meters and panels, along with an additional meter for the common area. The property also features four separate entrances for tenant convenience and privacy. The building is heated by a gas boiler installed in 2023, ensuring efficient operation. Five of the units have been recently renovated, leaving opportunity for further rent roll increases and enhanced returns on investment. A detached garage with electric heat and its own panel is currently not used by tenants, providing additional income potential. Shared amenities include one card-operated washer and dryer serving the property. Perfectly positioned in the heart of Sudbury’s West End, this property offers excellent accessibility, and proximity to key amenities. With strong current occupancy, stable income, and room for value-add improvements, 642–646 St. Clair Street presents a compelling opportunity for investors seeking both immediate cash flow and long-term growth potential. (id:27)

Building Features:

  • Style: Multiplex
  • Basement Type: Unknown
  • Exterior Finish: Brick
  • Fire Protection: Fire alarm system
  • Flooring Type: Tile, Vinyl, Other, Carpeted
  • Foundation Type: Concrete
  • Roof Material: Asphalt shingle
  • Roof Style: Unknown
  • Heating Type: Boiler

Property Features:

  • OwnershipType: Freehold
  • Property Type: Multi-family
  • Access Type: Year-round access
  • Road Type: Paved road
  • Zoning: R2-3
  • Sewer: Municipal sewage system

Courtesy of: Royal LePage North Heritage Realty

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