2005 Richard Street
Sudbury, Ontario P3B 1Y1
$
1049900.00
mls number:
2130990
bed
bath
ft2
acres
Other








Property Details
Listing Description
Exceptional investment opportunity in the highly desirable Minnow Lake neighbourhood! This well-maintained fourplex with an additional one-bedroom in-law suite offers investors a rare combination of strong income potential, extensive capital improvements, and long-term value. Ideally situated close to shopping, public transit, schools, restaurants, and other everyday amenities, this property continues to attract quality tenants in a high-demand rental market. Pride of ownership is evident throughout, with numerous recent updates that minimize future maintenance and enhance tenant appeal. Over the past several years, multiple units have been renovated, including modern kitchen upgrades, new waterproof luxury vinyl plank flooring, refreshed bathrooms, updated Slant/Fin radiator heating, fresh paint, and numerous interior improvements. The building has also benefited from significant mechanical upgrades, including improvements to the boiler heating system, updated electrical panels with separate hydro meters for each unit, newer windows, and a recently updated coin-operated laundry facility. Ample on-site parking adds further convenience for tenants, while the property's R1-5 LNC (Legal Non-Conforming) zoning provides a proven, established multi-family investment. Whether you're looking to expand an existing portfolio or acquire a turnkey income property with documented improvements and excellent rental appeal, this is an outstanding opportunity to own a quality asset in one of Greater Sudbury's most sought-after neighbourhoods. (id:39198)
Summary
Property type
Other
built in
square footage
sqft
annual property taxes
community name
parking type
Not in CMS
land size
acres
time on market
Not in CMS
Building Features
Foundation type Block
Roof Asphalt shingle
Heating & Cooling
Heating type Boiler, Hot Water
Exterior Features
Exterior finish Stucco
Utilities
Sewer Municipal sewage system
Water Municipal water
Parking
Parking type Gravel
Listing Description
Listing Description
Lot Features
Frontage 73 ft
Other Property Information
Zoning R1-5
Road surface Paved road
Data provided by: Sault Ste. Marie Real Estate Board
Virtual Tour
Video
Floor Plan
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