1590 Kelly Lake Road
Sudbury, Ontario
MLS® 2130474
$1,850,000
- Status
- Active
- Property type
- Multi-family
- MLS® number
- 2130474
- Bedrooms
- —
- Bathrooms
- —
- Year built
- —
1 / 65Listing description
Great investment property in Sudbury’s South End location. This building has been meticulously maintained by the owners for over 39 years! There are ten 2-bedroom units and one 1-bedroom unit.
All 2-bedroom units feature a walk-in-closet, pantry, and a spacious living and dining room. The 8 units on the second and third floors have a balcony, some overlooking Robinson Lake. All tenants pay their own heat and hydro, have access to a storage locker and a parking spot.
The building has been extremely cared for over the years. Upgrades include but not limited to the 40-year shingles (2014), energy efficient doors (2008) and windows (2005), paved driveway and parking lot, fire suppression system (2012). The building has an improved cap rate of 6.
29% and gross income over $178K! The current owners have treated the current tenants like family for all these years. This building is more than just numbers, it is an all brick and concrete building that will bring pride of ownership to the new investors for years to come.
You Tube Video: https://www. youtube. com/watch?
v=2RmRj8ypMPE
Property summary
- MLS® number
- 2130474
- Property type
- Multi-family
- Title
- Freehold
- Land size
- Irregular
- Days on market
- 1 day
Features & details
- Heating
- Baseboard heaters
- Basement
- None
- Flooring
- Concrete, Parquet, Carpeted
- Exterior features
- Brick, Vinyl siding
What would this home cost you?
Based on the $1,850,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of RE/MAX CROWN REALTY INC. (SUDBURY), SUDBURY.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.