1344 Regent Street Sudbury, Ontario P3E 3Z3

$429,999

Excellent investment opportunity in Sudbury’s highly desirable south end on Regent Street, one of the busiest and most visible locations in the city. This property features a building with two separate units, making it ideal for both investors and first-time homebuyers. The top-floor apartment is currently rented at $1,600 per month, all inclusive, while the basement unit is vacant and could be rented out at approximately $1,200 per month. Together, these units provide a solid rental income that can help cover mortgage costs and other expenses. The property sits on an extra-deep lot with C3 zoning, opening up a wide range of future development or commercial opportunities. The house itself is a spacious structure that can be renovated to suit your needs, although it does require some TLC. For first-time homebuyers, this property offers the perfect opportunity to live in one unit and generate rental income from the other as a mortgage helper, making homeownership more attainable. Located in a high-traffic area with excellent visibility, this property is a rare find with versatile potential. Whether you're looking for an investment, a live-in option with rental income, or future development possibilities, this property is definitely worth a closer look. (id:50886)

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https://www.realtor.ca/real-estate/28811539/1344-regent-street-sudbury