1273 & 1277 Will Street
Sudbury, Ontario P3A 4L5
$
869900.00
mls number:
2129947
bed
bath
ft2
acres
Multi-family
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Property Details
Listing Description
Rare 5-unit investment opportunity in a prime New Sudbury neighbourhood! This unique property features a triplex with an in-law suite plus a completely separate 1-bedroom standalone home on the same lot, offering a total of 5 units. The main building consists of one 2-bedroom unit and three 1-bedroom units, while the detached home provides an additional 1-bedroom living space. The unique configuration offers exceptional flexibility for investors or owner-occupiers, with the option to live in the standalone home while generating rental income from the other four units, or rent all five units as an income-producing investment. There is plenty of potential to increase rental income over time through improved rents and continued management of the property. The detached home is particularly appealing to tenants looking for the privacy and independence of their own house without the typically higher cost of a standalone property. For those looking toward the future, the standalone home's location on the lot may also present potential for redevelopment or the addition of further multifamily housing, subject to municipal approvals, zoning, severance requirements and other applicable regulations. Buyers are encouraged to conduct their own due diligence with the City regarding any proposed redevelopment. The current owner has completed substantial upkeep and maintenance over the years, making this a rare opportunity to acquire a versatile multi-unit property with multiple income streams and significant potential for future value-add opportunities. (id:39198)
Summary
Property type
Multi-family
built in
square footage
sqft
annual property taxes
community name
parking type
Not in CMS
land size
acres
time on market
Not in CMS

Interior Features

Basement type Full

Building Features

Stories 2

Roof Metal

Heating & Cooling

Heating type Forced air

Exterior Features

Exterior finish Vinyl siding

Utilities

Sewer Municipal sewage system

Water Municipal water

Listing Description
Listing Description

Lot Features

Frontage 93 ft

Other Property Information

Zoning R1-5

Data provided by: Sault Ste. Marie Real Estate Board
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