$574,700

For saleJust listed

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

Greater Sudbury, Ontario, P3C4G5

2,750 ft²Listed 7 days ago

Overview

This multi-family property in Greater Sudbury is for sale offering roughly 2,750 sq ft of space. It has been on the market 7 days, fresher than the Greater Sudbury average of 65 days.

Greater Sudbury, Ontario, P3C4S4

Listed by REALTY EXECUTIVES OF SUDBURY LTD, BROKERAGE

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

For sale

48 days ago

$775K

Greater Sudbury, Ontario, P3B2R5

Listed by EXP REALTY, BROKERAGE

Investment analysis

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$574,700

Greater Sudbury

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Description

Turnkey triplex generating over $70,000 in gross annual income.All three units come fully furnished and ready to go, offering immediate cash flow for investors, Zoned C3, this property also offers excellent potential for commercial use including retail, office, or service-based business. Prime high-visibility location with strong exposure and easy access to amenities, transit, and local attractions. Rare opportunity to own a versatile, income-producing property with both residential and commercial upside. Ideal for investors, entrepreneurs, or those looking to expand their portfolio. Book your private showing today. (id:66096)

Market Timing

Days on market

Greater Sudbury listings, avg age

65d

Price / ft²

$209

List price

$575K

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.

Area context

Neighbourhood profile (P3C)

This home lists at $574,700, about 10.6× the local median household income of $54,000.

Carrying it typically needs a household income of about $112,259 (20% down, 25-yr amortization, stress-tested) — roughly 108% 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)

$574,700· $209/ft²

For sale

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Full Cost Breakdown

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Down Payment5.65% · $32,470

Min 5.65%50%

Mortgage payment$3,006/mo

↳ CMHC premium ($21,689 capitalized)

Est. property tax$479/mo

Total monthly$3,485

Cash Needed to Close

Down payment (5.65%)$32,470

Land transfer tax$7,969

Est. closing costs$4,224

Total cash needed$44,663

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

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

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