288 Albinson Street, Sudbury, Ontario, P3C 3W3

$685,000

MLS® # 2126234

Investment For Sale In Sudbury, Ontario

$685,000

Property Information:

Solid brick four-unit building located in Sudbury’s desirable West End, zoned R2-3 permitting four units. This approximately 4,000 sq. ft. investment property offers excellent income potential with two vacant two-bedroom units, including a stunning main-floor unit with a grand kitchen and a recently renovated rear two-bedroom unit featuring an attached two-level garage. The upper two-bedroom unit and lower-level bachelor unit are currently tenanted, with the bachelor offering potential for a more functional layout through the addition of a separate utility and laundry room. With the ability to add bedrooms, strong rental demand, and a projected 7% cap rate at market rents, this property presents an exceptional opportunity for investors or owner-occupiers seeking flexibility and longterm value. (id:27)

Building Features:

  • Style: Multiplex
  • Basement Type: Full
  • Flooring Type: Hardwood, Tile, Carpeted
  • Roof Material: Asphalt shingle
  • Roof Style: Flat
  • Heating Type: Forced air, Baseboard heaters

Property Features:

  • OwnershipType: Freehold
  • Property Type: Multi-family
  • Amenities Nearby: Hospital, Park, Public Transit
  • Zoning: R2-3
  • Sewer: Municipal sewage system
  • Parking Type: Attached garage

Courtesy of: Royal LePage North Heritage Realty

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