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$699,000

Sudbury ON, P3C 4L3

MLS® # 2124609

Property Information:

Excellent opportunity to own a well-situated 4 unit property in the heart of Sudbury. This building features four spacious units, a main floor 3-bedroom unit (vacant end of September), a second floor 3- bedroom unit rented at 1,500 per month plus hydro which has the added feature of in unit washer and dryer, a 1-bedroom ground floor unit rented at 650.00 plus hydro with separate entrance of the backyard and a second 1-bedroom unit rented at 700.00 per month plus hydro on the ground floor. Each unit is designed for comfortable living and strong rental potential. The main floor 3-bedroom unit will be vacant, providing a great opportunity for owner occupancy or to set your own rent at current market rates. The property includes parking for each unit and 2 sheds for the tenants to use. The retaining wall has been re-done in 2023, Shingles 10 years, most windows have been updated and many new exterior doors as well. Situated close to schools, parks, shopping, and public transit, this property offers both convenience and long-term tenant appeal. Whether you’re a seasoned investor or just entering the multi-family market, this property checks all the boxes for steady income and long-term value. The main floor and second level apartment also feature a nice balcony space for outdoor use. 5 separate hydro metres, one for each unit as well as a house meter. Convenient coin-op laundry This quality building is located in a mature neighbourhood with great tenants. Don’t miss your chance to own a turnkey rental property. Sitting at just over a 6% cap with room for improvement this building will be a great addition to your current portfolio or a solid first time investment. (id:27)

Building Features:

  • Style: Multiplex
  • Basement Type: Full
  • Exterior Finish: Brick
  • Flooring Type: Laminate, Tile, Carpeted
  • Foundation Type: Block
  • Roof Material: Asphalt shingle
  • Roof Style: Unknown
  • Heating Type: Baseboard heaters

Property Features:

  • OwnershipType: Freehold
  • Property Type: Multi-family
  • Access Type: Year-round access
  • Amenities Nearby: Park, Playground, Public Transit
  • Storage Type: Storage Shed
  • Zoning: R3
  • Sewer: Municipal sewage system
  • Parking Type: Gravel

Potential Investment Performance

There is not enough data on this property to provide a potential investment performance at this time, please click the button below for an in-person valuation

Location of 767 Burton Avenue, Sudbury, Ontario, P3C 4L3

Demographic Information of 767 Burton Avenue, Sudbury, Ontario, P3C 4L3

Life Stage

Young Couples

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$53,607.23

Average Number of Children

1.47

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

26.8 %

High school certificate or equivalent

31.69 %

Apprenticeship trade certificate/diploma

4.42 %

College/non-university certificate

27.72 %

University certificate (below bachelor)

0.45 %

University Degree

8.93 %

Commuter

Travel To Work

By Car

76.66 %

By Public Transit

11.78 %

By Walking

2.27 %

By Bicycle

0.69 %

By Other Methods

8.6 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

56.05 %

Houses

43.95 %

Own Vs. Rent