590 Norman Street, Greater Sudbury, Ontario P3E 4C6

Listed for:
$939,000
0 beds
6 baths
Listed 30 days ago
Multi-Family for rent: 590 Norman Street, Greater Sudbury, Ontario P3E 4C6

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About

Cross Streets: Norman & Mcleod St. ** Directions: Frontage (West): Face west onto Norman St. Rear (East): onto designated public parkland. Exceptional turnkey investment opportunity in Sudbury's established West End! This well-maintained 6-unit multi-residential building (5 x 1-Bedroom units + 1 x Bachelor suite) delivers strong, proven cash flow and outstanding income stability. Financial & Investment Highlights: Strong In-Place Cash Flow: Generates over $87,000+ in annual gross revenue with attractive net operating yields. Property & Mechanical Features: Reliable Heating: Electric baseboard heaters and efficient gas-fired boiler with radiant water heating. Electrical: 200Amp main service with individual sub-panels. Extra Revenue: On-site coin-operated laundry facility in the common basement area. Prime Lot & Amenities: 40' x 125' lot backing directly onto tranquil parkland. Features ample on-site surface parking and individual tenant storage sheds. Prime Location: High-demand rental market with low vacancy rates, close to transit, shopping, schools, and downtown. Ideal addition to any portfolio. Full rent roll and financial package available upon receipt of a signed Confidentiality Agreement. Heating System Note: 5 units are currently heated by independent electric baseboard heaters; 1 bachelor suite is heated via gas boiler / water radiators. (id:27476)

Property Highlights

MLS® Number
X13726524
Type
Multi-family
Community Name
Sudbury
Land Size
40 x 125 FT
Parking Space Total
5

Building

Building Type
Multi-Family
Square Footage
3150 sqft
Bathrooms Total
6
Amenities
Public Transit, Recreation
Fireplace Present
No
Basement Type
Basement Features
Building Heating Type
Baseboard heaters, Radiator
Heating Fuel
Building Cooling Type
None

Utilities

Water
Municipal water

Location

Learn more about this property
Listing provided by:
HOMELIFE LANDMARK REALTY INC.
MLS® number:
X13726524
Agent:
Sam Sheng
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