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$1,200,000
Sudbury
Sudbury, Ontario, P3E3Y3
This multi-family property in Sudbury is for sale. It has been on the market 6 days, fresher than the Sudbury average of 76 days.
Great investment opportunity at 523 & 529 Regent Street. These two buildings offer a total of 6 rental units with a great mix of unit sizes, steady rental income and low operating expenses. 523 Regent Street features two units, including a 3-bedroom upper unit and a 2-bedroom lower unit. Next door, 529 Regent Street offers four units consisting of one 3-bedroom, two 2-bedroom and one 1-bedroom unit. The 3-bedroom unit has recently been upgraded and is currently vacant, giving buyers the option to move in or choose their own tenants. Both buildings feature newer roofs, and the properties offer a combined 7 parking spaces. Conveniently located on a direct bus route to Laurentian University, within walking distance to downtown and close to many amenities, these buildings are situated in a great rental area. Whether you're looking to expand your investment portfolio or get started in the rental market, this is an opportunity worth considering. (id:66096)
Features and services as supplied by the listing brokerage.
Just listed: 6 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 6 days, which is 70 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 $1,200,000, about 14.1× the local median household income of $85,000.
Carrying it typically needs a household income of about $234,402 (20% down, 25-yr amortization, stress-tested) — roughly 176% above the area median.
Source: Statistics Canada, 2021 Census (FSA P3E)
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Loading rates, 30-yr amortization
Cash Needed to Close
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