Greater Sudbury, Ontario, P3B2R5
This multi-family property in Greater Sudbury is for sale. It has been on the market 48 days, fresher than the Greater Sudbury average of 65 days.
Welcome to 248-250 Murray in Sudbury — a profitable 5-plex investment property located right in the downtown core. With a solid cap rate of 8.3%, this multi-family building offers an excellent opportunity for investors looking to add a solid income-producing property to their portfolio. The building features 6 separate meters, adding convenience and flexibility, along with ample parking at the rear of the property — a valuable feature in a central location. Close to downtown amenities, transit, restaurants, shopping, and services, 248 Murray is a well-positioned multi-family property with consistent numbers and long-term rental appeal. (id:66096)




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$775,000
Greater Sudbury
Features and services as supplied by the listing brokerage.
Long Listed: 48 days on market, against an average age of 65 days across the listings currently for sale in this city
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.
This multi-family in Greater Sudbury has been listed for 48 days, which is 17 days fresher than the city average of 65. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $775,000, about 11.7× the local median household income of $66,500.
Carrying it typically needs a household income of about $151,385 (20% down, 25-yr amortization, stress-tested) — roughly 128% above the area median.
Source: Statistics Canada, 2021 Census (FSA P3B)
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Loading rates, 30-yr amortization
Cash Needed to Close
Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice