Summary:
This duplex is located in the 500 block of Montague Avenue near the boarder of Cambrian Heights, where the majority of the houses are new developments and newer builds, and at the very northern tip of the Donovan area. This location is further away from the main pocket of Donovan and closer towards the Cambrian Heights neighbourhood. This duplex is located right beside Victory Park, is only a 1 minute walk (210m) from St David Catholic School, a 9 minute walk (700m) from the Northern Muslim Association, and a 7 minute walk (550m) to the Grace Family Church. This property is a great potential BRRRR project for investors.
The market for entry-level properties homes in Sudbury is hot right now, with significant price appreciation 15% Year-over-Year, constant bidding wars and most homes going over asking.
Property Features:
- 2 Bedrooms
- 1 Bathroom
- $1,195 + hydro + oil heat
- Upstairs Unit Details
- 2 Bedrooms
- 1 Bathroom
- $570 + hydro
- Potential for $1195 to $1200 rent after turning around unit and renting
- Good condition roof, required eavestrough
- Small attached garage with barnyard doors
- Brick exterior, in good condition
- Plumbing: Copper & ABS, Cast-Iron in basement (main stack)– No evident leaks or damage to plumbing
- Heat: Oil-fired forced air furnace (Furnace 2008)
- Water heater: 2015
- Structure: Concrete perimeter, concrete slab on grade. No foundational issues- strong foundation in the property
- Other structure: Storage shed and wooden deck
- Electrical: 2x 100 amp separately metered, Copper
- Roof: Asphalt shingles
- Unfinished basement
- Tenant turnover to increase rent
- Interior renovations in units
- Exterior water management (eavestrough, downspouts etc.)
- Optional: Finishing basement for additional living space
Comparables
454 Pine Street– $325K (Sold August 2020)
- Vacant
- Illegal in law basement suite + 1 bed main floor + 1 bed upper floor
- Decent renovations (still requires some modern touch ups)
- Vinyl/Aluminum exterior
- Tenanted
- 2 bedroom main floor
- 1 bachelor upper unit
- Brick exterior
- Outdated interior, decent condition
- Tenanted
- 2 bed main floor, 2 bed upper unit
- Vinyl/aluminum exterior
- Outdated interior
- Tenanted
- 3 bed main floor, 1 bed upper unit
- Requires entire cosmetic renovation
- Vinyl/aluminum exterior
If you’re interested, please call/text:
Austin at 647-933-5598 or email at austin@ontariopropertydeals.ca