$195,000
Greater Sudbury
Greater Sudbury, Ontario, P3B2N1
This multi-family property in Greater Sudbury is for sale. It has been on the market 14 days, fresher than the Greater Sudbury average of 65 days.
Duplex Listing – Downtown Sudbury – Vacant & Ready for Renovation Opportunity awaits in this centrally located duplex in the heart of downtown Sudbury. This property offers strong potential with two units, vacant possession, and excellent proximity to transit, amenities, and employment. This central city Duplex with 3 bedrooms on Main floor and 1 bedroom upstairs was previously both rented to same family for over 10 years. Significant damage to property caused by old tenants. No retrofit or ESA Inspection will be completed by Sellers. The home requires renovations throughout, giving you the freedom to redesign, modernize, and maximize rental income or create a multi-generational living setup. Each unit has its own layout, and the building’s footprint provides flexibility for future improvements. Outside, the property currently offers one parking space, with potential to expand to two with some work. Located steps from bus routes, shopping, restaurants, and the downtown core, this location is highly desirable for a family looking to set up close to the downtown or for future tenants. Seller has never lived in the property, and it was previously tenant-occupied but is now fully vacant. Property is being sold as is, with no warranties or representations from the Seller. A solid opportunity for those with vision — renovate, restore, and bring this duplex back to life in one of Sudbury’s convenient neighbourhoods. The laneway to access the property is shared with other neighbouring homes and is not maintained by the City and has large dips. It is not recommended for low vehicles to use the laneway. Use at own Risk. The Sellers will not be responsible for any damages to vehicles using the laneway. Recommendation is to park at 11 Fairview (property owned by Sellers as well). (id:66096)
Features and services as supplied by the listing brokerage.
Active: 14 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 14 days, which is 51 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 $195,000, about 2.9× the local median household income of $66,500.
Carrying it typically needs a household income of about $38,090 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
Source: Statistics Canada, 2021 Census (FSA P3B)
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Loading rates, 30-yr amortization
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