This is an amazing opportunity to purchase a 6 unit (Legal 4 plex and 2 in-law suites) in one of the best cash-flowing real estate market in Canada with no bidding wars. The building is located in Little Britain, a great rental area with new builds being erected as well as being centrally located to many major amenities. Very rarely do you ever see multi-family properties listed in this pocket in Sudbury and when there is, it is extraordinarily desirable for local and out-of-town investors.
This is a rare opportunity to purchase a 6 unit property in Little Britain, Sudbury with large upside rent potential and in one of the strongest cash flowing markets in Ontario.
Take advantage of this opportunity to purchase an undervalued multi-family 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 rare chance to purchase a multi-family property in the Little Britain neighbourhood of Sudbury. This neighbourhood is a developed retail and commercial area with tons of restaurants, grocery stores, retail stores, and ample access to public transportation. Little Britain is the perfect area to attract young couples, families, and students due to the endless amenities within walking distance. your door steps are tons of restaurants, retail stores, churches, and many more establishments. The property is a 1 minute walk to the nearest bus stop, 3 minute walk to restaurants and bars, and 5 minute walk to the Queen’s Athletic Field.
This property consist of 4 large legal units (Two 2 bedroom units & Two 3 bedroom units) and 2 in-law suites (Two bachelor units). There is further potential to increase income with a coin laundry. Multi-family properties rarely sell in this area of Sudbury and typically have overwhelming demand in this area. Currently all units are rented below market value from long-term tenants; however, once all units are turned over, potential rents are $7,500/month total, allowing for large upside as current rents are $3,986/month.
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!