590 Norman Street
Sudbury, Ontario P3E 4C6
$
939000.00
mls number:
X13726524
bed
6
bath
3150
ft2
0
acres
Multi-family
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Property Details
Listing Description
Exceptional turnkey investment opportunity in Sudbury's established West End! This well-maintained 6-unit multi-residential building (5 x 1-Bedroom units + 1 x Bachelor suite) delivers strong, proven cash flow and outstanding income stability. Financial & Investment Highlights: Strong In-Place Cash Flow: Generates over $87,000+ in annual gross revenue with attractive net operating yields. Property & Mechanical Features: Reliable Heating: Electric baseboard heaters and efficient gas-fired boiler with radiant water heating. Electrical: 200Amp main service with individual sub-panels. Extra Revenue: On-site coin-operated laundry facility in the common basement area. Prime Lot & Amenities: 40' x 125' lot backing directly onto tranquil parkland. Features ample on-site surface parking and individual tenant storage sheds. Prime Location: High-demand rental market with low vacancy rates, close to transit, shopping, schools, and downtown. Ideal addition to any portfolio. Full rent roll and financial package available upon receipt of a signed Confidentiality Agreement. Heating System Note: 5 units are currently heated by independent electric baseboard heaters; 1 bachelor suite is heated via gas boiler / water radiators. (id:39198)
Summary
Property type
Multi-family
built in
square footage
3150
sqft
annual property taxes
$5,740.58
community name
Sudbury
parking type
Not in CMS
land size
0
acres
time on market
Not in CMS

Bathrooms

Total 6

Interior Features

Appliances included Washer, Dryer, Water Heater

Building Features

Style Multi-Family, Attached

Heating & Cooling

Heating type Baseboard heaters, Radiator

Cooling None

Utilities

Water Municipal water

Parking

Parking spaces 5

Business

Business type Residential

Listing Description
Listing Description

Lot Features

Frontage 40 ft

Lot dimensions 40 x 125 FT

Other Property Information

Zoning R2-2, Low Density Residential Two

Data provided by: Sault Ste. Marie Real Estate Board
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