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C$770,000

366-368 Pine Street, Sudbury Ontario, P3C1X8

Property typeResidential
Courtesy of CASSANDRA BEACH with ROYAL LEPAGE NORTH HERITAGE REALTY, BROKERAGE

Overview

Active

Updated Apr 21

This fully rented, cash-flow-positive 6-unit all-brick apartment building offers immediate income with value-add potential. It includes two 2-bedroom units (with basements for future expansion) and four 1-bedroom units, with three units recently renovated featuring modern finishes and white cabinetry. Features include two natural gas furnaces and a paved driveway. Key upgrades include shingles (2022), fire-rated doors and windows, fire escape improvements and partial electrical updates with ESA certification, ensuring a well-maintained and compliant building. Situated on a 50’ x 122’ lot in an R2-3 zoned area, the property is municipally serviced and generates strong, stable rental income. With an 8.8% cap rate, this opportunity offers a rare chance to acquire a turnkey, high-yield asset in Sudbury’s growing market. (id:41202)

Courtesy of CASSANDRA BEACH with ROYAL LEPAGE NORTH HERITAGE REALTY, BROKERAGE

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