366-368 Pine Street, Sudbury, Ontario P3C 1X8

Listed for:
$799,000
0 beds
0 baths
Listed 9 days ago
366-368 Pine Street, Sudbury, Ontario P3C 1X8

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Learn more about this property
Listing provided by:
ROYAL LEPAGE NORTH HERITAGE REALTY, BROKERAGE
MLS® number:
2125587
Agent:
Cassandra Beach
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About

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 9% cap rate, this opportunity offers a rare chance to acquire a turnkey, high-yield asset in Sudbury’s growing market. (id:27476)

Property Highlights

MLS® Number
2125587
Type
Multi-family
Ownership Type
Freehold
Land Size
4,051 - 7,250 sqft

Building

Storeys
3.00
Exterior Finish
Brick
Fireplace Present
No
Basement Type
Full
Basement Features
Building Heating Type
Forced air
Heating Fuel
Building Cooling Type

Utilities

Water
Municipal water
Utility Sewer
Municipal sewage system

Location