$170,000

Sudbury ON, P3B 2M9

MLS® # 2124755

Property Information:

Centrally located 4-unit income property with excellent upside potential! Currently generating a 15.57% cap rate, this building is ideal for a BRRR investor looking to renovate and maximize rental income. One of the 1-bedroom units is vacant and ready for improvements, creating an immediate value-add opportunity. All units are heated with efficient gas convection wall units, and the back shingles were replaced in 2019. With room to further increase net operating income and appreciation, this property offers both strong current cash flow and future growth. (id:27)

Building Features:

Style: Multiplex
Basement Type: Partial
Exterior Finish: Vinyl siding
Flooring Type: Laminate
Foundation Type: Block
Roof Material: Asphalt shingle
Roof Style: Unknown
Heating Type: Other

Property Features:

OwnershipType: Freehold
Property Type: Multi-family
Access Type: Year-round access
Amenities Nearby: Public Transit, Schools, Shopping
Zoning: R2-3
Sewer: Municipal sewage system
Parking Type: Paved Yard

Courtesy of: REALTY EXECUTIVES OF SUDBURY LTD, BROKERAGE

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⚠ Potential Investment Performance

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Market Price Trends

Location of 97-99 Fairview Avenue, Sudbury, Ontario, P3B 2M9

Lifestyle
Neighbourhood

Demographic Information of 97-99 Fairview Avenue, Sudbury, Ontario, P3B 2M9

Life Stage

Young Couples

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$75,992.63

Average Number of Children

1.92

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

25.31 %

High school certificate or equivalent

29.24 %

Apprenticeship trade certificate/diploma

4.14 %

College/non-university certificate

24.8 %

University certificate (below bachelor)

2.36 %

University Degree

14.16 %

Commuter

Travel To Work

By Car

78.72 %

By Public Transit

14.71 %

By Walking

3.2 %

By Bicycle

0.0 %

By Other Methods

3.37 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

77.03 %

Houses

22.97 %

Own Vs. Rent