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2 Carter Street
Greater Sudbury Ontario , P0M2C0 , Canada
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Greg Will
Agent
Agent
Cell: 705.626.1304

Royal LePage North Heritage Realty
Brokerage:
860 LASALLE BLVD
Sudbury, ON
P3A 1X5
Phone: 705.688.0007
Fax: 705.688.0082
/jumplisting/rlp/images/logo/rlp_logo_sm.gif

$3,599,000.00
MLS® 2122226
Investment
Zoning: R2-2,C2
Remarks:
Calling all investors—this is a rare opportunity to acquire a solid, meticulously maintained income-generating 28-unit apartment building located in the City of Greater Sudbury (Levack). Constructed of concrete block and concrete floors, this well-maintained property features a highly desirable unit mix, consisting of 25 spacious two-bedroom units and 3 one-bedroom units, making it an excellent choice for attracting quality, long-term tenants. With zero vacancy and full rent collection, the building offers immediate, consistent cash flow and strong upside potential for investors focused on income stability and long-term value in a growing rental market. The property has undergone numerous capital improvements in recent years. All windows were replaced in 2019, increasing energy efficiency and reducing maintenance costs. Two high-efficiency Buderus boilers were installed in 2015, ensuring reliable heating throughout the building. The parking lot was completely repaved in 2020, further enhancing the curb appeal and functionality of the site. The roof is inspected annually, reflecting a proactive approach to maintenance, and the building is fully fire-code compliant and secure. Additional features include terrazzo stairs and durable steel staircases, as well as a controlled entrance equipped with an annunciator fire panel, offering added security and tenant convenience. All building systems and mechanical equipment are owned outright—there are no rentals—demonstrating true pride of ownership and reduced operating expenses for the new owner. This turnkey asset is ideally suited for the savvy investor seeking a low-maintenance, high-performing property in one of Northern Ontario’s most stable and in-demand rental markets. (id:27)

Property Features:
  • Equipment Type: None
  • OwnershipType: Freehold
  • Property Type: Multi-family
  • Rental Equipment Type: None
  • Sewer: Municipal sewage system
  • Storage Type: Storage in Basement , Storage Shed
Building Features:
  • Basement Type: Full
  • Exterior Finish: Brick , Concrete
  • Fire Protection: Controlled entry , Fire alarm system , Full Sprinkler System
  • Flooring Type : Laminate , Vinyl , Other , Carpeted
  • Foundation Type: Concrete , Concrete Perimeter
  • Heating Type: Boiler
  • Roof Material: Membrane
  • Roof Style: Unknown

All information displayed is believed to be accurate, but is not guaranteed and should be independently verified. No warranties or representations of any kind are made with respect to the accuracy of such information.

Not intended to solicit properties currently listed for sale.

All offices are independently owned and operated, except those offices identified as "Royal LePage Real Estate Services Ltd."

The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

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