1590 Kelly Lake Road, Sudbury, Ontario P3E 4M1

Listed for:
$1,949,900
0 beds
0 baths
Listed 49 days ago
1590 Kelly Lake Road, Sudbury, Ontario P3E 4M1

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Learn more about this property
Listing provided by:
RE/MAX CROWN REALTY (1989) INC., BROKERAGE (SUDBURY)
MLS® number:
2120736
Agent:
Keandra Beauvais
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About

Great investment property in Sudbury’s South End location. This building has been meticulously maintained by the owners for over 37 years! There are ten 2-bedroom units and one 1-bedroom unit. All 2-bedroom units feature a walk-in-closet, pantry, and a spacious living and dining room. The 8 units on the second and third floors have a balcony, some overlooking Robinson Lake. All tenants pay their own heat and hydro, have access to a storage locker and a parking spot. The building has been extremely cared for over the years. Upgrades include but not limited to the 40-year shingles (2014), energy efficient doors (2008) and windows (2005), paved driveway and parking lot, fire suppression system (2012). The building has an improved cap rate of 5.61% and gross income over $158K! One unit is currently vacant and will be rented at market rent, or you can set your own rent! The current owners have treated the current tenants like family for all these years. This building is more than just numbers, it is an all brick and concrete building that will bring pride of ownership to the new investors for years to come. You Tube Video: https://www.youtube.com/watch?v=2RmRj8ypMPE (id:27476)

Property Highlights

MLS® Number
2120736
Type
Multi-family
Ownership Type
Freehold
Land Size
under 1/2 acre

Building

Storeys
3.00
Amenities
Park, Public Transit, Schools
Exterior Finish
Brick, Vinyl siding
Fireplace Present
No
Basement Type
None
Basement Features
Building Heating Type
Baseboard heaters
Heating Fuel
Building Cooling Type

Utilities

Water
Municipal water
Utility Sewer
Municipal sewage system

Location