2005 Richard Street, Sudbury, Ontario P3B 1Y1

Listed for:
$1,099,900
0 beds
0 baths
Listed 2 days ago
2005 Richard Street, Sudbury, Ontario P3B 1Y1

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About

Exceptional investment opportunity in the highly desirable Minnow Lake neighbourhood! This well-maintained fourplex with an additional one-bedroom in-law suite offers investors a rare combination of strong income potential, extensive capital improvements, and long-term value. Ideally situated close to shopping, public transit, schools, restaurants, and other everyday amenities, this property continues to attract quality tenants in a high-demand rental market. Pride of ownership is evident throughout, with numerous recent updates that minimize future maintenance and enhance tenant appeal. Over the past several years, multiple units have been renovated, including modern kitchen upgrades, new waterproof luxury vinyl plank flooring, refreshed bathrooms, updated Slant/Fin radiator heating, fresh paint, and numerous interior improvements. The building has also benefited from significant mechanical upgrades, including improvements to the boiler heating system, updated electrical panels with separate hydro meters for each unit, newer windows, and a recently updated coin-operated laundry facility. Ample on-site parking adds further convenience for tenants, while the property's R1-5 LNC (Legal Non-Conforming) zoning provides a proven, established multi-family investment. Whether you're looking to expand an existing portfolio or acquire a turnkey income property with documented improvements and excellent rental appeal, this is an outstanding opportunity to own a quality asset in one of Greater Sudbury's most sought-after neighbourhoods. (id:27476)

Property Highlights

MLS® Number
2128976
Type
Multi-family
Ownership Type
Freehold
Land Size
7,251 - 10,889 sqft

Building

Storeys
2.00
Amenities
Park, Public Transit, Schools, Shopping
Exterior Finish
Stucco
Fireplace Present
No
Basement Type
Partial
Basement Features
Building Heating Type
Boiler, Hot Water
Heating Fuel
Building Cooling Type

Utilities

Water
Municipal water
Utility Sewer
Municipal sewage system

Location

Learn more about this property
Listing provided by:
ROYAL LEPAGE NORTH HERITAGE REALTY, BROKERAGE
MLS® number:
2128976
Agent:
Shayne Malone
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