New Listing
2005 Richard Street,Sudbury, ON P3B1Y1
Sudbury, ON P3B1Y1
Description
Exceptional investment opportunity in the highly desirable Minnow Lake neighbourhood! This well-maintained fourplex with an additional one-bedroom in-law suite offers investors a rare combination of strong income potential, extensive capital improvements, and long-term value. Ideally situated close to shopping, public transit, schools, restaurants, and other everyday amenities, this property continues to attract quality tenants in a high-demand rental market. Pride of ownership is evident throughout, with numerous recent updates that minimize future maintenance and enhance tenant appeal. Over the past several years, multiple units have been renovated, including modern kitchen upgrades, new waterproof luxury vinyl plank flooring, refreshed bathrooms, updated Slant/Fin radiator heating, fresh paint, and numerous interior improvements. The building has also benefited from significant mechanical upgrades, including improvements to the boiler heating system, updated electrical panels with separate hydro meters for each unit, newer windows, and a recently updated coin-operated laundry facility. Ample on-site parking adds further convenience for tenants, while the property's R1-5 LNC (Legal Non-Conforming) zoning provides a proven, established multi-family investment. Whether you're looking to expand an existing portfolio or acquire a turnkey income property with documented improvements and excellent rental appeal, this is an outstanding opportunity to own a quality asset in one of Greater Sudbury's most sought-after neighbourhoods. (id:374)
Details
| MLS # | 2130990 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 4 |
| Listing Provided By | ROYAL LEPAGE NORTH HERITAGE REALTY, BROKERAGE | SHAYNE MALONE |
Features
| Zoning | R1-5 |
|---|
Interior
| Heating | Boiler, Hot Water |
|---|---|
| Fireplace Yes / No | No |
Exterior
| Security Features | Smoke Detectors |
|---|---|
| Roof | Asphalt shingle, Unknown |
| Foundation Details | Block |
Parking
| Parking Features | Gravel |
|---|
Utilities
| Sewer | Municipal sewage system |
|---|---|
| Water Source | Municipal water |
Area Information
| Province | ON |
|---|---|
| City | Sudbury |
| Postal Code | P3B1Y1 |
| Listing VS Median (in P3B1Y1) | |
Price: $1,049,900 low | high Med: $0 On site: 4 low | high Med: | |
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Learn More About This Property
| Province | ON |
|---|---|
| City | Sudbury |
| Postal Code | P3B1Y1 |
| Listing VS Median (in P3B1Y1) | |
Price: $1,049,900 low | high Med: $0 On site: 4 low | high Med: | |
 | $1,200,0002054 Bancroft DriveSudbury, ON P3P1S9 |