366-368 Pine Street Sudbury, Ontario P3C 1X8

Forced Air

$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

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Cassandra Beach
Salesperson

(705) 822-3833

Royal LePage North Heritage Realty, Brokerage
860 Lasalle Blvd
Sudbury, Ontario P3A 1X5

(705) 688-0007
(705) 688-0082

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