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Listing content provided by CREA DDF®. Not intended to solicit properties currently listed for sale.

←Back to Sudbury properties

$765,000

For Sale
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←Back to Sudbury properties

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For Sale

$765,000

MLS® 2128100

257 Oak Street

Sudbury, Ontario, P3C1N1

Property type
Multi-family
Building
Multi-family
Lot size
117 117
Ownership
Freehold
InquireCall

Property facts

Property type
Multi-family
Building
Multi-family
Transaction
For Sale
Lot size
117 117
Ownership
Freehold

About this property

This solid 4-plex located at 257 Oak Street features four spacious 2-bedroom units, TWO CURRENTLY VACANT and two 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 $69,000, this is a strong-performing investment opportunity with built-in upside. (id:53361)

Features & details

Roof
Asphalt shingle, Unknown
Sewer
Municipal sewage system
Water
Municipal water
Heating
Boiler
Parking
Gravel
Basement
Full
Exterior
Brick, Aluminum siding
Flooring
Laminate, Linoleum, Vinyl
Fireplace
false

Location

257 Oak Street, Sudbury, Ontario, P3C1N1

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The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. The listing content is protected by copyright owned by CREA or its member Boards / Associations. Listing data is believed to be reliable but is not guaranteed by CREA or this brokerage.

Zoning
R2-3
Photos Count
48
Originating System
Sudbury Real Estate Board
Internet Address Display
true