Cash Flowing Duplex with BRRRR Potential in Sudbury at Off-Market Prices! 70K Below Comparables!: 410 Mabel Ave, Sudbury Assigned

  • $350,000

Wholesale Price: $350K OBO
Estimated As-Is Value: ~430K+
Estimated After Repair Value: ~$500K+

Closing: April 18, 2022
Take advantage of this undervalued Duplex property in one of the hottest northern real estate markets in Ontario. Conveniently located with shopping and public transit nearby and walking distance to parks and greenspaces. This property is close to downtown Sudbury making access to the city a non-issue for your tenants. Properties that sell in this area are in high demand and with a vacancy rate lower than the national average finding yourself great tenants will be a breeze. Due to this property’s fantastic value, this property offers multiple exit strategies including Wholetail, FLIP, BRRRR or BIG Cash Flow with new tenants. 410 Mabel Ave is ideal for Multi-Family/Buy and Hold Investors. Contact Peter today at 647 955 0843 to schedule a walkthrough, place an offer or learn more about this opportunity

Take advantage of this massively undervalued property in Sudbury, one of the strongest cash-flowing and growth markets in Ontario!

410 Mabel is a 2.5 storey Duplex. The Upper Unit features 2 beds and 1 bath, new laminate flooring, and is vacant on closing. The Main floor/lower unit features 4 Bedrooms (2 above grade, 2 below grade), 1 bathroom, and is rented month-to-month currently for $1350/mo inclusive  Overall, the property is in good condition with investors only needing quick cosmetic renovations to bring it up to its highest and best use. Mechanicals are in good condition, with the roof being recently replaced (5 years ago, per seller) thus minimizing long-term repair expenses for investors with these recent upgrades.

Comparable Sales
294 Mackenzie St- $420,000 (Sold March 2022)
514 Burton Av- $450,000 (Sold Feb 2022)
445 Melvin Av – $377,000 (Sold Feb 2022)

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Assignment of Contract
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