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Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
MLS® Listing ID 2121477
Property Sub-Type Freehold
Source Sudbury Real Estate Board
Property Description
This is not your average income property. Set on a quiet dead-end street in a serene, residential pocket just 10-15min from New Sudbury. This rare and versatile investment sits on 1.2 acres and offers 18 total units, made up of eight two-storey townhomes & a 9-unit apartment building with a large five-bedroom, two-storey home attached. Each of the eight townhomes features three bedrooms, one-and-a-half bathrooms, a full basement, and a private backyard. With no shared common areas and separate entrances, they feel just like single-family homes. Even better, all townhomes are separately metered, and tenants pay their own heat, hydro, and water—keeping your operating expenses low and predictable. Each unit is heated by its own forced-air natural gas furnace and has its own water heater. The nine-unit apartment building offers a solid, stable tenant mix and includes access to coin-operated laundry, secure storage lockers, and is heated by newer, high-efficiency Viessmann gas boilers. Attached to the apartment block is a spacious 5-bedroom home perfect for an owner-occupier or as a premium rental. It features its own laundry room, vaulted ceilings, a den, a four-piece and a two-piece bathroom, an attached garage, and a massive detached 24' x 50' triple-car garage. This is a truly unique opportunity to own a turn-key income-generating property with tremendous value. Don't miss your chance to invest in something special with exceptional unmatched long term upside and retention. Current rents leave remarkable potential for future growth. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Boiler, Forced air
Flooring Laminate, Linoleum, Other, Carpeted
Exterior
Parking Features Yes
View Y/N No
Roof Type Unknown
Private Pool No
Building
Sewer Municipal sewage system
Others
Ownership Freehold
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Listed by REAL BROKER ONTARIO LTD, BROKERAGE