328 Melvin Avenue Greater Sudbury, Ontario P3C 4X3
$389,999
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:50886)
Property Details
| MLS® Number | X11437922 |
| Property Type | Single Family |
| Community Name | Sudbury |
| EquipmentType | Water Heater |
| ParkingSpaceTotal | 1 |
| RentalEquipmentType | Water Heater |
Building
| BathroomTotal | 4 |
| BedroomsAboveGround | 5 |
| BedroomsTotal | 5 |
| Amenities | Separate Electricity Meters |
| BasementFeatures | Apartment In Basement |
| BasementType | N/a |
| ExteriorFinish | Brick |
| FoundationType | Brick |
| HeatingFuel | Electric |
| HeatingType | Baseboard Heaters |
| StoriesTotal | 3 |
| SizeInterior | 1999.983 - 2499.9795 Sqft |
| Type | Triplex |
| UtilityWater | Municipal Water |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| SizeDepth | 120 Ft |
| SizeFrontage | 33 Ft |
| SizeIrregular | 33 X 120 Ft |
| SizeTotalText | 33 X 120 Ft |
| ZoningDescription | R2-3, C1 |
https://www.realtor.ca/real-estate/27693033/328-melvin-avenue-greater-sudbury-sudbury-sudbury
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Mats Moy
Salesperson
4711 Yonge St Unit C 10/fl
Toronto, Ontario M2N 6K8
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January 08 2025 03:40:05
Toronto Real Estate Board
Exp Realty