$699,000

Investment For Sale In Sudbury, Ontario

$699,000

Property Information:

An exceptional investment opportunity in Sudbury’s West End, this solid brick sixplex at 3–5 Eyre Street features 6 above-grade one-bedroom units (4 compact and 2 larger suites) delivering an annual gross income of over $75,000 with an 8.2% cap rate. The property offers stable tenancy, municipal services, natural gas heating via a hot water boiler system, and a detached garage with rental potential. Zoned R2-3 on a 64.99' x 88' lot with fire code compliance (March 2025), a fully approved safety plan, and positive cash flow projections. This property offers an attractive price per unit and significant potential to increase value through strategic improvements, making it ideal for a BRRRR investment approach. Its location provides convenient access to public transit, schools, and downtown amenities. Detailed financials are available upon request. (id:27)

Building Features:

  • Style: Multiplex
  • Basement Type: Partial
  • Exterior Finish: Brick
  • Flooring Type: Vinyl
  • Roof Material: Asphalt shingle
  • Roof Style: Unknown
  • Heating Type: Boiler

Property Features:

  • OwnershipType: Freehold
  • Property Type: Multi-family
  • Access Type: Year-round access
  • Amenities Nearby: Park, Public Transit, Shopping
  • Road Type: Paved road
  • Zoning: R2-3
  • Sewer: Municipal sewage system
  • Parking Type: Parking Spaces

Courtesy of: Royal LePage North Heritage Realty

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