Jag Patel
Broker
$939,000
Available - For Sale
Listing ID: X13726524
590 Norman Street , Greater Sudbury, P3E 4C6, Greater Sudbury
| 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. |
| Price | $939,000 |
| Taxes: | $5740.58 |
| Tax Type: | Annual |
| Occupancy: | Tenant |
| Address: | 590 Norman Street , Greater Sudbury, P3E 4C6, Greater Sudbury |
| Postal Code: | P3E 4C6 |
| Province/State: | Greater Sudbury |
| Legal Description: | Part of Lot 7, Con 3, McKim Twp., Plan 2 |
| Directions/Cross Streets: | Norman & Mcleod St |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Category: | Apartment |
| Use: | Apts - 6 To 12 Units |
| Building Percentage: | T |
| Total Area: | 3150.00 |
| Total Area Code: | Square Feet |
| Area Influences: | Public Transit Recreation/Comm |
| Approximatly Age: | 51-99 |
| Financial Statement: | T |
| Chattels: | T |
| Franchise: | F |
| Expenses Actual/Estimated: | $Est |
| Sprinklers: | No |
| Washrooms: | 6 |
| Outside Storage: | T |
| Rail: | N |
| Crane: | F |
| Soil Test: | No |
| Heat Type: | Baseboard |
| Central Air Conditioning: | No |
| Sewers: | Sanitary+Storm |
| Water: | Water Sys |
| Water Supply Types: | Water System |
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| HOMELIFE LANDMARK REALTY INC. |
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Jag Patel
Broker
Dir:
416-671-5246
Bus:
416-289-3000
Fax:
416-289-3008
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Investment |
| Area: | Greater Sudbury |
| Municipality: | Greater Sudbury |
| Neighbourhood: | Sudbury |
| Approximate Age: | 51-99 |
| Tax: | $5,740.58 |
| Baths: | 6 |
| Fireplace: | N |
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