Prime Investment Opportunity – An exceptional multi-unit investment property in the heart of Sudbury, offering strong income potential and flexibility. Currently operating at an approximate 8.8% cap rate, this well-maintained property provides excellent returns with stable rental income. It features three separate units, each with its own private entrance for tenant convenience and privacy. The main unit is a spacious 3-bedroom, 1-bathroom, rented at $1,640.03/month; the upper 2-bedroom unit, newly renovated, is rented at $1,300/month; and the upper 1-bedroom unit is rented at $755.98/month. This versatile property allows for multiple investment strategies, whether you continue as a fully leased income property or choose to owner-occupy in the future while tenants offset your mortgage. Centrally located, it is close to amenities, transit, and essential services, ensuring strong tenant demand. Don't miss this fantastic investment opportunity—schedule your showing today! (id:56069)
| MLS® Number | 2121089 |
| Property Type | Single Family |
| Community Name | Sudbury |
| Amenities Near By | Public Transit, Shopping, University |
| Community Features | Bus Route |
| Equipment Type | Water Heater |
| Rental Equipment Type | Water Heater |
| Road Type | Paved Road |
| Storage Type | Storage In Basement |
| Bathroom Total | 3 |
| Bedrooms Total | 6 |
| Architectural Style | 2 Level |
| Basement Type | Partial |
| Exterior Finish | Other, Stucco |
| Flooring Type | Vinyl, Other |
| Foundation Type | Block, Concrete |
| Heating Type | Forced Air |
| Roof Material | Asphalt Shingle,other |
| Roof Style | Unknown,unknown |
| Stories Total | 2 |
| Type | House |
| Utility Water | Municipal Water |
| Parking Space(s) |
| Acreage | No |
| Land Amenities | Public Transit, Shopping, University |
| Sewer | Municipal Sewage System |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | R2-3 |
4 public & 6 Catholic schools serve this home. Of these, 9 have catchments. There is 1 private school nearby.
2 playgrounds, 1 splash pad and 3 other facilities are within a 20 min walk of this home.
Street transit stop less than a 2 min walk away. Rail transit stop less than 1 km away.
Unfortunately this location does not yet exist in Google Street View.
https://www.realtor.ca/real-estate/28018552/1719-fairview-avenue-sudbury
Contact us for more information
Jedd Smith
Salesperson
(705) 524-5600
www.rlteam.ca/
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