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Royal LePage
Royal LePage
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$384,000

Sudbury ON, P3E 4H7

MLS® # 2125815

Property Information:

Welcome to 740 Martindale Road, located in Sudbury’s desirable West End. This solid duplex offers roughly 6% Cap Rate and is well-suited for both new and seasoned investors. The upper unit features 2 bedrooms and 1 bathroom and is currently rented for $1,691 + hydro. The main-floor unit offers 3 bedrooms, 1 bathroom, 2 separate entrances, currently rented for $1,470 all-inclusive. Both units provide strong rental demand with the opportunity to increase value and rents through future updates when turnover occurs. The basement includes shared laundry, storage space, a gas furnace, and two electrical panels. With approximately 795 sq. ft., the basement offers potential for additional development, featuring two rooms with windows in place and an existing 3-piece bathroom. Outside, the partially fenced backyard provides a comfortable outdoor space for tenants in this family-friendly neighbourhood. A great opportunity to expand or start your investment portfolio with a well-located income-generating property. (id:27)

Building Features:

  • Style: Multiplex
  • Basement Type: Full
  • Exterior Finish: Stucco
  • Flooring Type: Laminate
  • Foundation Type: Block
  • Roof Material: Asphalt shingle
  • Roof Style: Unknown
  • Heating Type: Forced air

Property Features:

  • OwnershipType: Freehold
  • Property Type: Multi-family
  • Access Type: Year-round access
  • Amenities Nearby: Playground, Public Transit, Schools
  • Road Type: Paved road
  • Storage Type: Storage in Basement
  • Zoning: R2-3
  • Sewer: Municipal sewage system

REALTOR.ca  

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⚠ Potential Investment Performance

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Location of 740 Martindale Road, Sudbury, Ontario, P3E 4H7

Demographic Information of 740 Martindale Road, Sudbury, Ontario, P3E 4H7

Life Stage

Nearly Retired

Employment Type

Service Sector/White Collar

Average Household Income

$101,403.71

Average Number of Children

1.67

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

18.84 %

High school certificate or equivalent

31.84 %

Apprenticeship trade certificate/diploma

5.32 %

College/non-university certificate

25.16 %

University certificate (below bachelor)

0.37 %

University Degree

18.47 %

Commuter

Travel To Work

By Car

82.52 %

By Public Transit

8.96 %

By Walking

3.72 %

By Bicycle

0.0 %

By Other Methods

4.8 %

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

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