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Royal LePage
Royal LePage
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$799,000

Sudbury ON, P3C 1X8

MLS® # 2125587

Property Information:

This fully rented, cash-flow-positive 6-unit all-brick apartment building offers immediate income with value-add potential. It includes two 2-bedroom units (with basements for future expansion) and four 1-bedroom units, with three units recently renovated featuring modern finishes and white cabinetry. Features include six hydro meters, two natural gas furnaces, and a paved driveway. Key upgrades include shingles (2022), fire-rated doors and windows, fire escape improvements and partial electrical updates with ESA certification, ensuring a well-maintained and compliant building. Situated on a 50’ x 122’ lot in an R2-3 zoned area, the property is municipally serviced and generates strong, stable rental income. With an 9% cap rate, this opportunity offers a rare chance to acquire a turnkey, high-yield asset in Sudbury’s growing market. (id:27)

Building Features:

  • Style: Multiplex
  • Basement Type: Full
  • Exterior Finish: Brick
  • Roof Material: Asphalt shingle
  • Roof Style: Unknown
  • Heating Type: Forced air

Property Features:

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

REALTOR.ca  

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⚠ Potential Investment Performance

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Location of 366-368 Pine Street, Sudbury, Ontario, P3C 1X8

Demographic Information of 366-368 Pine Street, Sudbury, Ontario, P3C 1X8

Life Stage

Young Couples

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$87,789.24

Average Number of Children

1.47

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

18.14 %

High school certificate or equivalent

29.25 %

Apprenticeship trade certificate/diploma

4.78 %

College/non-university certificate

30.3 %

University certificate (below bachelor)

0.1 %

University Degree

17.43 %

Commuter

Travel To Work

By Car

76.45 %

By Public Transit

10.24 %

By Walking

8.23 %

By Bicycle

0.0 %

By Other Methods

5.08 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

56.45 %

Houses

43.55 %

Own Vs. Rent

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