This is an amazing opportunity to purchase turnkey legal triplex in one of the most desirable areas of Sudbury for both homeowners and renters with no bidding wars. Located in the Minnow Lake area, this multi-family home proves to be a great entry investment for investors looking for a BRRR and cash cow property in one of the strongest cash flowing and rapidly appreciating markets in Ontario.
There have only been 2 legal triplexes sold over the past 6 months in the Minnow Lake area. This is a rare opportunity to purchase a multi-family in the highly desirable Minnow Lake area.
This triplex is located in one of the most desirable neighbourhoods in Sudbury, Minnow Lake. Located right across Ramsey Lake, this property attracts many great families, young couples, and a strong tenant quality looking for a quiet residential neighbourhood to set roots. The property is walking distance to the waterfront and also nearby public transit, making it easy to commute to other areas of the city. Minnow Lake is going through a large development with a potential Casino being built nearby in the upcoming years, and is attracting many investors to purchase properties in the nearby surrounding areas.
This property requires very minor cosmetic renovations on one of the units which will be vacant upon possession and the other two tenanted units have been recently renovated and are turnkey. This property boasts a massive lot of 100ftx125ft with ample room for parking (over 8 vehicle parking). Moreover, some of the units have waterfront view from the window- adding an extra appeal to the property.
The triplex is a perfect turnkey property for investors with potential to lightly cosmetically renovate a single unit and BRRRR the property, or simply keep it as-is as a long-term buy and hold with strong cash-flow in one of the best areas of Sudbury.
The market for entry-level properties homes in Sudbury is hot right now, with significant price appreciation of over 15% Year-over-Year, constant bidding wars and most homes going over asking.