366-368 Pine Street Sudbury, Ontario P3C 1X8
$849,000
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 six hydro meters, 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 8.3% cap rate, this off-market opportunity offers a rare chance to acquire a turnkey, high-yield asset in Sudbury’s growing market. (id:50886)
Property Details
MLS® Number | 2123273 |
Property Type | Multi-family |
Equipment Type | None |
Rental Equipment Type | None |
Road Type | Paved Road |
Building
Basement Type | Full |
Exterior Finish | Brick |
Heating Type | Forced Air |
Roof Material | Asphalt Shingle |
Roof Style | Unknown |
Stories Total | 3 |
Utility Water | Municipal Water |
Parking
Parking Space(s) |
Land
Access Type | Year-round Access |
Acreage | No |
Sewer | Municipal Sewage System |
Size Total Text | 4,051 - 7,250 Sqft |
Zoning Description | R2-3 |
https://www.realtor.ca/real-estate/28566657/366-368-pine-street-sudbury
Contact Us
Contact us for more information
Cassandra Beach
Salesperson
860 Lasalle Blvd
Sudbury, Ontario P3A 1X5
(705) 688-0007
(705) 688-0082