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Ruth Pedrosa

ruth@rpdrealestate.com +1(416) 998-5478

$ 2,999,900

Est. payment | -/mo

43 Beds

18 Baths

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$ 2,999,900

Est. payment | -/mo

Save Virtual Tour

43 Beds

18 Baths

Key Details

Property Type Multi-Family

Sub Type Multiplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 5000 +

Subdivision Sudbury

MLS Listing ID X12956936

Style 2-Storey

Bedrooms 43

Annual Tax Amount $29,722

Tax Year 2025

Property Sub-Type Multiplex

Property Description

18-Unit Multi-Residential Investment - Greater Sudbury, ONThis is not your average income property.Located on a quiet dead-end street just 10-15 minutes from New Sudbury, this fully tenanted 1.2-acre property offers 18 rental units across three property types on one title - eight townhomes, a nine-unit apartment building, and a large five-bedroom home.The eight townhomes are the standout cash flow asset. Each has three bedrooms, 1.5 bathrooms, a full basement, and a private backyard. Tenants pay all their own utilities - heat, hydro, and water - separately metered with individual gas furnaces and water heaters. In Northern Ontario's climate, this significantly reduces your operating costs and protects margins year-round.The nine-unit apartment building offers a stable tenant base with coin-operated laundry, secure storage lockers, and newer high-efficiency Viessmann boilers - meaning low heating costs and no major mechanical expenses on the horizon.Attached to the apartment building is a spacious five-bedroom home with vaulted ceilings, in-suite laundry, a den, and an attached garage - ideal for an owner-occupier or premium rental. A massive 24' x 50' detached triple-car garage adds further utility and income potential.Current rents are below market, giving the next owner a clear and built-in path to grow income over time without additional capital investment. Eighteen units on one property also means one insurer, one maintenance contact, and one property manager - straightforward and efficient to operate.Greater Sudbury's rental market is backed by mining, healthcare, government, and two post-secondary institutions - keeping vacancy rates low and demand steady. For investors priced out of Southern Ontario, this market still delivers returns that make financial sense.Fully tenanted. Turn-key. Priced for a quick sale.

Location

Province ON

County Greater Sudbury

Area Greater Sudbury

Zoning R1-5, R3.D37.5

Rooms

Family Room No

Basement Unfinished

Kitchen 18

Interior

Interior Features Storage Area Lockers

Cooling Other

Inclusions Coin operated washer and dryer. 18 Stoves and 18 Refrigerator

Exterior

Garage Spaces 1.0

Pool None

Roof Type Shingles

Lot Frontage 46.41

Lot Depth 130.64

Total Parking Spaces 20

Building

Foundation Block

Others

Senior Community Yes

ParcelsYN No

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Listed by EXP COMMERCIAL BROKERAGE

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(416) 998-5478

ruth@rpdrealestate.com

29 Laren ST Greater Sudbury, ON P0M 3C0

Ruth Pedrosa

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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29 Laren ST