Address not available, Greater Sudbury - Multi-family for Sale

Description

Rare 5-unit investment opportunity in a prime New Sudbury neighbourhood! This unique property features a triplex with an in-law suite plus a completely separate 1-bedroom standalone home on the same lot, offering a total of 5 units. The main building consists of one 2-bedroom unit and three 1-bedroom units, while the detached home provides an additional 1-bedroom living space. The unique configuration offers exceptional flexibility for investors or owner-occupiers, with the option to live in the standalone home while generating rental income from the other four units, or rent all five units as an income-producing investment. There is plenty of potential to increase rental income over time through improved rents and continued management of the property. The detached home is particularly appealing to tenants looking for the privacy and independence of their own house without the typically higher cost of a standalone property. For those looking toward the future, the standalone home's location on the lot may also present potential for redevelopment or the addition of further multifamily housing, subject to municipal approvals, zoning, severance requirements and other applicable regulations. Buyers are encouraged to conduct their own due diligence with the City regarding any proposed redevelopment. The current owner has completed substantial upkeep and maintenance over the years, making this a rare opportunity to acquire a versatile multi-unit property with multiple income streams and significant potential for future value-add opportunities. (id:66096)

Nearby Places