For sale

7 days ago

$1.05M

Greater Sudbury, Ontario, P3C4S4

Listed by REALTY EXECUTIVES OF SUDBURY LTD, BROKERAGE

For sale

7 days ago

$575K

Greater Sudbury, Ontario, P3C4G5

2,750 ft²

Listed by EXP REALTY, BROKERAGE (MAIN)

2085 Madison Avenue, Greater Sudbury (Sudbury), Ontario, P3A2P7

For sale

12 days ago

$625K

2085 Madison Avenue, Greater Sudbury (Sudbury), Ontario, P3A2P7

5 bd2 ba4 pk900 ft²Lot size 56 × 230 ft (12,880 sq ft)

Listed by ONE PERCENT REALTY LTD.

For sale

14 days ago

$195K

Greater Sudbury, Ontario, P3B2N1

Listed by CENTURY 21 INTEGRITY, BROKERAGE

Investment analysis

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$375,000

Greater Sudbury

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$375,000

$399,900For salePrice drop↓ $24,900 (6%)

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

Greater Sudbury, Ontario, P3C2E6

1,750 ft²Listed 54 days ago

Overview

This multi-family property in Greater Sudbury is for sale offering roughly 1,750 sq ft of space. It has been on the market 54 days, fresher than the Greater Sudbury average of 65 days.

Multi-Family Properties for Sale in Greater Sudbury →All real estate in Greater Sudbury →

Description

Centrally located and thoughtfully updated, this Sudbury duplex offers a great opportunity for investors or buyers looking for help with their mortgage. The front unit features a bright, spacious living room with a functional kitchen and dining area. The renovated two-storey back unit offers three generous bedrooms, including an impressive primary bedroom with a walk-in closet. Both units have laundry hookups and are ready for occupancy. Live in one unit while generating income from the other, or rent both units to build your investment portfolio. Located within walking distance of downtown amenities and the McEwen School of Architecture, the property may also appeal to the student rental market. A versatile, move-in-ready opportunity worth a closer look. Book your private viewing today. (id:66096)

Property Details

MLS®: 2130302
Property Type: Multi-family
Zoning: R2-3
Interior Size: 1,750 ft²
Frontage: 48 ft
Units: 2
Storeys: 2
Basement: Partial
Heating: Forced air, High-Efficiency Furnace
Ownership: Freehold
Listed: 54 days ago

Features

Foundation: Concrete Perimeter
Exterior: Brick, Vinyl siding

Services

Water: Municipal water
Sewer: Municipal sewage system

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

54d

Greater Sudbury listings, avg age

65d

Price / ft²

$214

List price

$375K

Homes here sell faster than most markets

Sold homes in this market spent an average of 26 days on the market over the past year, against a median of 48 days across the markets we publish.

Homes here sell close to asking price

Homes in this market sold for an average of 97.8 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.

Haho

This multi-family in Greater Sudbury has been listed for 54 days, which is 11 days fresher than the city average of 65. Act while there is still low competition.

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Listed by REALTY EXECUTIVES OF SUDBURY LTD, BROKERAGE · GARY DOYLE

Location

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Nearby Places

Area context

Neighbourhood profile (P3C)

This home lists at $375,000, about 6.9× the local median household income of $54,000.

Carrying it typically needs a household income of about $73,251 (20% down, 25-yr amortization, stress-tested) — roughly 36% above the area median.

Median household income: $54,000
Population: 17,596
Median age: 38
Owner / renter: 35% / 65%
Avg. household size: 1.9

Source: Statistics Canada, 2021 Census (FSA P3C)

$375,000· $214/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $18,750

Min 5%50%

Mortgage payment$1,975/mo

↳ CMHC premium ($14,250 capitalized)

Est. property tax$313/mo

Total monthly$2,288

Cash Needed to Close

Down payment (5%)$18,750

Land transfer tax$4,100

Est. closing costs$3,625

Total cash needed$26,475

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Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice