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$939,000

0 Beds 6 Baths 3,150 SQFT 0.00 Acres
Type: Multi-Family

590 NORMAN STREET
Greater Sudbury (Sudbury), ON P3E4C6

MLS#: X13726524
Carlos Gonzalez
Carlos Gonzalez
Condo Digs
Sales Representative
Phone: 416.890.1240
Office: 647.259.8806
Presented by: HOMELIFE LANDMARK REALTY INC.

Property Description

 

Exceptional turnkey investment opportunity in Sudbury's established West End! This well-maintained 6-unit multi-residential building (5 x 1-Bedroom units + 1 x Bachelor suite) delivers strong, proven cash flow and outstanding income stability. Financial & Investment Highlights: Strong In-Place Cash Flow: Generates over $87,000+ in annual gross revenue with attractive net operating yields. Property & Mechanical Features: Reliable Heating: Electric baseboard heaters and efficient gas-fired boiler with radiant water heating. Electrical: 200Amp main service with individual sub-panels. Extra Revenue: On-site coin-operated laundry facility in the common basement area. Prime Lot & Amenities: 40' x 125' lot backing directly onto tranquil parkland. Features ample on-site surface parking and individual tenant storage sheds. Prime Location: High-demand rental market with low vacancy rates, close to transit, shopping, schools, and downtown. Ideal addition to any portfolio. Full rent roll and financial package available upon receipt of a signed Confidentiality Agreement. Heating System Note: 5 units are currently heated by independent electric baseboard heaters; 1 bachelor suite is heated via gas boiler / water radiators. (id:7434)


 

Interior Features

Other Interior Features

Building Fireplace PresentFalse
Building Heating TypeBaseboard heaters, Radiator
Living Area Range3,150 sqft

General

AmenitiesPublic Transit, Recreation
Building Age51 to 99 years
Building AppliancesDryer, Water Heater, Washer
Building Cooling TypeNone
Building TypeMulti-Family
Business Sub TypeApartments
Business TypeResidential
CommunityNameSudbury
Location DescriptionCross Streets: Norman & Mcleod St. ** Directions: Frontage (West): Face west onto Norman St. Rear (East): onto designated public parkland.
Parking Space Total5
Property TypeMulti-family
Zoning DescriptionR2-2, Low Density Residential Two

Exterior

Land AmenitiesPublic Transit, Recreation

Additional Details

  

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$939,000

0 Beds 6 Baths 3,150 SQFT 0.00 Acres
Type: Multi-Family

590 NORMAN STREET
Greater Sudbury (Sudbury), ON P3E4C6

MLS#: X13726524
Carlos Gonzalez
Carlos Gonzalez
Condo Digs
Sales Representative
Phone: 416.890.1240
Office: 647.259.8806
RE/MAX Condos Plus Corp. Brokerage
45 Harbour Sq. Toronto, ON M5J 2G4

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