If you are looking to purchase an undervalued cash-flowing duplex in one of the prime neighbourhoods of Sudbury, look no further than 82 Logan Ave. This property is a perfect entry investment for individuals interested in purchasing a multi-family property in one of the strongest cash-flowing markets in Ontario with a projected growing population. There is upside potential for increased rents as tenants turnaround- further increasing the value of the property.
The property is located in a great residential neighbourhood and is only a 10-minute walk to many retail stores and restaurants. Moreover, there is a church, park/playground, and public school all within an 8-minute walk to less. The community of Gatchell is home to the Big Nickel, Junction Creek, and the Dynamic Earth Center, attracting many tourists. Overall, this area attracts high-quality tenants and has high rents particularly for young couples and families.
This property has had many large upgrades including a new roof in 2018 and new furnace in 2020. The property consists of two 2 bedroom units with separate hydro meters. Moreover, there is cash flow potential of over $1,000 per month after units are turned over (see financials).
The market for entry-level property homes in Sudbury is booming right now, with significant price appreciation of over 15% Year-over-Year, constant bidding wars and most homes going over asking.