897 Lorne Street Sudbury, Ontario P3C 4R6
$325,000
Welcome to 897 Lorne Street—a centrally located 3-unit property offering strong returns and long-term potential in the heart of Sudbury. Whether you're looking to add to your portfolio or get started in real estate investing, this property delivers both cash flow and location. The building features three well-laid-out units: a spacious 3-bedroom unit, a bright 1-bedroom unit, and a well-designed bachelor unit—all offering excellent rental appeal. With an almost 11% cap rate, this property is a true income generator. Located in a prime central location, tenants enjoy easy access to transit, shopping, restaurants, and Sudbury’s downtown core, making these units highly desirable in the local rental market. With great income already in place and room to optimize further, 897 Lorne Street presents an opportunity that savvy buyers won’t want to miss. Low vacancy, strong numbers, and a location that works—this is investing done right. (id:47351)
Property Details
| MLS® Number | 2122853 |
| Property Type | Multi-family |
| Equipment Type | None |
| Rental Equipment Type | None |
| Road Type | Paved Road |
Building
| Basement Type | Partial |
| Exterior Finish | Vinyl Siding |
| Foundation Type | Concrete |
| Heating Type | Forced Air |
| Roof Material | Asphalt Shingle |
| Roof Style | Unknown |
| Utility Water | Municipal Water |
Parking
| Gravel |
Land
| Access Type | Year-round Access |
| Acreage | No |
| Sewer | Municipal Sewage System |
| Size Total Text | 1/2 - 1 Acre |
| Zoning Description | C2 |
https://www.realtor.ca/real-estate/28449882/897-lorne-street-sudbury
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June 17 2025 05:51:43
Sudbury Real Estate Board
Exp Realty, Brokerage