257 Oak Street, Sudbury, Ontario P3C 1N1

Listed for:
$775,000
0 beds
0 baths
Listed 35 days ago
257 Oak Street, Sudbury, Ontario P3C 1N1

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About

This solid 4-plex located at 257 Oak Street features four spacious 2-bedroom units, all currently tenanted on plus-hydro leases with reliable tenants in place. The property includes an attached rear-access garage already generating storage income, along with three brand new basement storage units ready to rent as additional revenue streams. The roof was fully replaced in 2022, and the building runs on a gas boiler with a full-height walk-out basement. With all appliances included, the property is turn-key for the next owner. Located in a downtown-adjacent pocket of Sudbury, walking distance to the core and transit at the door, tenant demand on this street has remained consistently strong. Generating $90,000 in annual gross revenue with an NOI of $65,000 and a cap rate over 8%, this is a strong-performing investment opportunity with built-in upside. (id:27476)

Property Highlights

MLS® Number
2128100
Type
Multi-family
Ownership Type
Freehold
Land Size
under 1/2 acre

Building

Storeys
2.00
Amenities
Hospital, Playground, Public Transit, Schools
Exterior Finish
Aluminum siding, Brick
Fireplace Present
No
Basement Type
Full
Basement Features
Building Heating Type
Boiler
Heating Fuel
Building Cooling Type

Utilities

Water
Municipal water
Utility Sewer
Municipal sewage system

Location

Learn more about this property
Listing provided by:
SUTTON-BENCHMARK REALTY INC., BROKERAGE
MLS® number:
2128100
Agent:
Tyler Peroni
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