Space
Finished area and layout
- Square Feet
- 5,000-100,000 sqft
- Bedrooms
- 43
- Bathrooms
- 18
+45 more
43
Bedrooms
18
Bathrooms
5,000-100,000 sqft
Square Feet
46.4 x 130.6 FT
Lot
20
Parking
Property Snapshot
Key details for this listing
MLS #X12956936
Property
Type, style and structure
- Type
- residential
- Style
- multiplex / Multiplex
- Structure
- 2-Storey
- Ownership
About This Property
This 43-bedroom, 18-bathroom multiplex in Greater Sudbury offers 5,000-100,000 sqft of square feet on a 46.4 x 130.6 FT lot. 2 storeys. The property has zoned R1-5, R3.D37.5. The home features other, a unfinished basement. Highlights include a none pool.
MLS Remarks
18-Unit Multi-Residential Investment - Greater Sudbury, ONThis is not your average income property.Located on a quiet dead-end street just 10-15 minutes from New Sudbury, this fully tenanted 1.2-acre property offers 18 rental units across three property types on one title - eight townhomes, a nine-unit apartment building, and a large five-bedroom home.The eight townhomes are the standout cash flow asset. Each has three bedrooms, 1.5 bathrooms, a full basement, and a private backyard. Tenants pay all their own utilities - heat, hydro, and water - separately metered with individual gas furnaces and water heaters. In Northern Ontario's climate, this significantly reduces your operating costs and protects margins year-round.The nine-unit apartment building offers a stable tenant base with coin-operated laundry, secure storage lockers, and newer high-efficiency Viessmann boilers - meaning low heating costs and no major mechanical expenses on the horizon.Attached to the apartment building is a spacious five-bedroom home with vaulted ceilings, in-suite laundry, a den, and an attached garage - ideal for an owner-occupier or premium rental. A massive 24' x 50' detached triple-car garage adds further utility and income potential.Current rents are below market, giving the next owner a clear and built-in path to grow income over time without additional capital investment. Eighteen units on one property also means one insurer, one maintenance contact, and one property manager - straightforward and efficient to operate.Greater Sudbury's rental market is backed by mining, healthcare, government, and two post-secondary institutions - keeping vacancy rates low and demand steady. For investors priced out of Southern Ontario, this market still delivers returns that make financial sense.Fully tenanted. Turn-key. Priced for a quick sale. (id:60351)
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