$439,000

Sudbury ON, P3C 4S6

MLS® # 2121768

Property Information:

Located in Sudbury's desirable west end, this well-maintained triplex offers an excellent opportunity for investors. Situated in a high-demand rental area close to grocery stores, coffee shops, amenities, and bus routes, this property boasts consistent rental income and strong tenant appeal. This solid investment features three (3) self-contained units and has undergone numerous recent upgrades including modernized electrical and plumbing systems, updated bathrooms, and a new roof- giving peace of mind and reducing maintenance costs. With a strong 8% cap rate, this property is a true money-maker from day one. The C2 zoning also offers flexibility and many additional opportunities. Don't miss out on this prime income generating property in a sought-after location. (id:27)

Building Features:

Style: Multiplex
Basement Type: Crawl space
Exterior Finish: Brick
Flooring Type: Laminate, Tile
Roof Style: Flat
Heating Type: Forced air

Property Features:

OwnershipType: Freehold
Property Type: Multi-family
Zoning: C2
Sewer: Municipal sewage system

Courtesy of: EXP REALTY, BROKERAGE (MAIN)

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⚠ Potential Investment Performance

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Market Price Trends

Location of 1071 Lorne Street, Sudbury, Ontario, P3C 4S6

Lifestyle
Neighbourhood

Demographic Information of 1071 Lorne Street, Sudbury, Ontario, P3C 4S6

Life Stage

Midlife Families

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$97,860.37

Average Number of Children

1.55

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

27.15 %

High school certificate or equivalent

28.1 %

Apprenticeship trade certificate/diploma

5.67 %

College/non-university certificate

28.32 %

University Degree

10.76 %

Commuter

Travel To Work

By Car

83.96 %

By Public Transit

5.99 %

By Walking

5.98 %

By Bicycle

0.0 %

By Other Methods

4.07 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

27.22 %

Houses

72.78 %

Own Vs. Rent