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$799,999
Sudbury
Sudbury, Ontario, P3C4X3
This multi-family property in Sudbury is for sale offering roughly 4,250 sq ft of space. It has been on the market 20 days, fresher than the Sudbury average of 76 days.
Mixed-use investment property consisting of six separately metered residential apartments (4 bachelor, 1 one-bedroom and 1 two-bedroom unit) and Melvin Variety, an established convenience store business included in the sale (inventory extra at cost). The property offers multiple income streams with three vacant residential units providing immediate lease-up or renovation potential to increase revenue. The commercial space may continue to operate as a convenience store or accommodate a variety of permitted commercial uses, subject to applicable approvals. Ample on-site parking is available at the front and rear of the property, with the large rear lot offering potential for future expansion or redevelopment, subject to municipal approvals. An opportunity for investors or owner-operators seeking a mixed-use asset with existing income and value-add potential. (id:66096)
Features and services as supplied by the listing brokerage.
Active: 20 days on market, against an average age of 76 days across the listings currently for sale in this city
This multi-family in Sudbury has been listed for 20 days, which is 56 days fresher than the city average of 76. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $799,999, about 14.8× the local median household income of $54,000.
Carrying it typically needs a household income of about $156,268 (20% down, 25-yr amortization, stress-tested) — roughly 189% above the area median.
Source: Statistics Canada, 2021 Census (FSA P3C)
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Loading rates, 30-yr amortization
Cash Needed to Close
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