29 Laren Street, Wahnapitae, Ontario P0M 3C0

Listed for:
$2,999,900
0 beds
0 baths
Listed 23 days ago
29 Laren Street, Wahnapitae, Ontario P0M 3C0

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Learn more about this property
Listing provided by:
REAL BROKER ONTARIO LTD, BROKERAGE
MLS® number:
2121477
Agent:
Ashley Stefanyshyn
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About

This is not your average income property. Set on a quiet dead-end street in a serene, residential pocket just 10-15min from New Sudbury. This rare and versatile investment sits on 1.2 acres and offers 18 total units, made up of eight two-storey townhomes & a 9-unit apartment building with a large five-bedroom, two-storey home attached. Each of the eight townhomes features three bedrooms, one-and-a-half bathrooms, a full basement, and a private backyard. With no shared common areas and separate entrances, they feel just like single-family homes. Even better, all townhomes are separately metered, and tenants pay their own heat, hydro, and water—keeping your operating expenses low and predictable. Each unit is heated by its own forced-air natural gas furnace and has its own water heater. The nine-unit apartment building offers a solid, stable tenant mix and includes access to coin-operated laundry, secure storage lockers, and is heated by newer, high-efficiency Viessmann gas boilers. Attached to the apartment block is a spacious 5-bedroom home perfect for an owner-occupier or as a premium rental. It features its own laundry room, vaulted ceilings, a den, a four-piece and a two-piece bathroom, an attached garage, and a massive detached 24’ x 50’ triple-car garage. This is a truly unique opportunity to own a turn-key income-generating property with tremendous value. Don’t miss your chance to invest in something special with exceptional unmatched long term upside and retention. Current rents leave remarkable potential for future growth. (id:27476)

Property Highlights

MLS® Number
2121477
Type
Multi-family
Ownership Type
Freehold
Land Size
1 - 3 acres

Building

Fireplace Present
No
Basement Type
None
Basement Features
Building Heating Type
Boiler, Forced air
Heating Fuel
Building Cooling Type

Utilities

Water
Municipal water
Utility Sewer
Municipal sewage system

Location