1071 Lorne Street Sudbury, Ontario P3C 4S6
$439,000
Located in Sudbury's desirable west end, this well-maintained building offers an excellent opportunity for investors. Situated in a high-demand rental and commercial space area close to grocery stores, coffee shops, amenities, and bus routes, this property boasts consistent rental income and strong tenant appeal. This solid investment currently features three (3) self-contained apartment units and has undergone numerous recent upgrades including modernized electrical and plumbing systems, updated bathrooms, and a new roof- giving peace of mind and reducing maintenance costs. The C2 zoning also offers flexibility and many additional opportunities. With a strong 8% cap rate, this property is a true money-maker from day one. Don't miss out on this prime income generating property in a sought-after location. (id:47351)
Property Details
| MLS® Number | 2122735 |
| Property Type | Other |
| Equipment Type | Air Conditioner, Furnace, Water Heater |
| Rental Equipment Type | Air Conditioner, Furnace, Water Heater |
Building
| Exterior Finish | Brick |
| Flooring Type | Laminate, Tile |
| Heating Type | Forced Air |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Sewer | Municipal Sewage System |
| Size Total Text | 0-4,050 Sqft |
| Zoning Description | C2 |
https://www.realtor.ca/real-estate/28427519/1071-lorne-street-sudbury
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June 06 2025 01:41:40
Sudbury Real Estate Board
Exp Realty, Brokerage (Main)