This legal triplex, located just minutes from downtown Sudbury, offers a prime investment opportunity with four fully separate units, all renovated within the last four years. Modern updates throughout and separate hydro meters allow tenants to cover their own hydro costs, making it an attractive option for investors. With two units currently vacant, you have the flexibility to set market rents or occupy one unit while still generating income. The property boasts a gross income potential of approximately $59,400 annually. Situated close to shopping, dining, schools, and public transit, this property offers both excellent income opportunities and a convenient location. Dont miss out on this turnkey investmentschedule your viewing today! **** EXTRAS **** The lockbox is located at BACK WINDOW of the building on the 3rd floor landing. Buyer must assume tenants. (id:56069)
| MLS® Number | X11437922 |
| Property Type | Single Family |
| Neigbourhood | The Donovan |
| Community Name | Sudbury |
| Equipment Type | Water Heater |
| Parking Space Total | 1 |
| Rental Equipment Type | Water Heater |
| Bathroom Total | 4 |
| Bedrooms Above Ground | 5 |
| Bedrooms Total | 5 |
| Amenities | Separate Electricity Meters |
| Basement Features | Apartment In Basement |
| Basement Type | N/a |
| Exterior Finish | Brick |
| Foundation Type | Brick |
| Heating Fuel | Electric |
| Heating Type | Baseboard Heaters |
| Stories Total | 3 |
| Size Interior | 2,000 - 2,500 Ft2 |
| Type | Triplex |
| Utility Water | Municipal Water |
| Acreage | No |
| Sewer | Sanitary Sewer |
| Size Depth | 120 Ft |
| Size Frontage | 33 Ft |
| Size Irregular | 33 X 120 Ft |
| Size Total Text | 33 X 120 Ft |
| Zoning Description | R2-3, C1 |
https://www.realtor.ca/real-estate/27693033/328-melvin-avenue-greater-sudbury-sudbury-sudbury
Contact us for more information
Mats Moy
Salesperson
(866) 530-7737
(647) 849-3180
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