Boiler
$1,199,999
Located in Sudbury’s West End, 642–646 St. Clair Street offers a 9-unit multi-residential investment with immediate income and clear value-add upside. The property consists of four 1-bedroom units, two 1-bedroom + den units, one 2-bedroom unit, and two bachelor apartments. Each unit is separately metered for hydro with individual panels, plus a dedicated common-area meter potentially minimizing owner expenses and simplifying management. The building features four separate entrances, supporting tenant privacy and operational efficiency. Heat is provided by a gas boiler installed in 2023, offering reliable and cost-effective performance. Five units have been renovated, while remaining units present an opportunity for further rent optimization through cosmetic updates. Additional upside includes a detached garage with electric heat currently unused by tenants and suitable for additional rental income or storage revenue. Shared laundry consists of one card-operated washer and dryer on site. The property is well-located with strong tenant demand, close to transit, amenities, and employment. With stable occupancy and multiple avenues for revenue growth, 642–646 St. Clair Street is well-suited for investors seeking day-one cash flow with long-term upside. (id:47351)
Property Details
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MLS® Number
|
2126399 |
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Property Type
|
Multi-family |
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Equipment Type
|
None |
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Rental Equipment Type
|
None |
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Road Type
|
Paved Road |
Building
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Basement Type
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Unknown |
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Exterior Finish
|
Brick |
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Fire Protection
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Fire Alarm System |
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Flooring Type
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Tile, Vinyl, Other, Carpeted |
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Foundation Type
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Concrete |
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Heating Type
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Boiler |
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Roof Material
|
Asphalt Shingle |
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Roof Style
|
Unknown |
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Utility Water
|
Municipal Water |
Land
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Access Type
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Year-round Access |
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Acreage
|
No |
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Sewer
|
Municipal Sewage System |
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Size Total Text
|
4,051 - 7,250 Sqft |
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Zoning Description
|
R2-3 |
https://www.realtor.ca/real-estate/29365925/642-646-st-clair-street-sudbury