This is a rare opportunity to purchase 2 properties on one lot in a highly desirable area of Sudbury, with net cash flow potential of well over $1,500/month once fully turned over.
Take advantage of this amazing undervalued property with NO bidding wars in one of the strongest cash flowing real estate market in Canada and the largest city in Northern Ontario. This is a great opportunity to pick up two properties in one lot in one of the most desirable rental area in Sudbury. The property is centrally located in the Little Britain neighbourhood which is a highly developed retail strip in Sudbury, close by many amenities, and attracts investors for re-development projects. Outside your door steps are tons of restaurants, retail stores, churches, and many more establishments. The property is also walking distance to a public school and is an extremely popular rental neighbourhood for students of Laurentian University due to the endless amenities in this area.
The 7 bedroom single family house is currently rented at roughly $2,800/month (owner will provide exact amount in a few days). The main unit of the duplex is rented at $900/month and upstairs at $750/month. All rents are inclusive. Market rents for 7 bedroom single family house as a student rental is $3,850 inclusive. Market rents for the main unit of the duplex is $1,100+hydro and upper unit is $1,000+hydro.
Sudbury is one of the hottest and affordable real estate markets in Ontario right now. With significant price appreciation well over 15% Year-over-Year, constant bidding wars and most homes going over asking. This is your chance to break in the market with no bidding wars!