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$ 749,000
Est. payment | /mo
12 Beds
6 Baths
$ 749,000
Est. payment | /mo
12 Beds
6 Baths
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 3500-5000
MLS Listing ID X13850896
Style 2-Storey
Bedrooms 12
Annual Tax Amount $4,627
Tax Year 2025
Property Sub-Type Multiplex
Property Description
For those looking to build long-term wealth and work toward financial freedom, this is an investment opportunity worth exploring.Located in French River on a year-round road, just 6 minutes from amenities, this solid 6-unit residential building offers an established income stream with 0% vacancy and a mature, long-term tenant base.The building consists of two 2-bedroom units on the lower level, two 3-bedroom units on the main level, and two 1-bedroom units on the second level.Each apartment operates independently, with its own hydro meter and hot water tank. The individual hydro meters also service each tenant's designated parking area, providing convenient access to electricity for winter vehicle plug-ins, vacuuming and more. Units are heated by electric baseboards, with tenants responsible for their own heat and hydro.A seventh hydro meter services the building's common areas, storage rooms, hardwired smoke detectors, central vacuum system and fire alarm pull box.Additional income is generated through the dedicated laundry room, equipped with two sets of coin-operated laundry machines.The property also includes a storage area currently used for tools and paint, along with a dedicated water room featuring a brand-new, top-of-the-line water treatment system and a sump pump with battery backup. All equipment is owned. The building is self-contained with its own drilled well and septic system and has benefited from numerous upgrades and renovations over the years. Pride of ownership is evident throughout, with Units 1 and 3 most recently receiving complete renovations. Situated on a spacious double lot, the property provides ample parking at the front while the additional rear lot offers further space and possibilities for the future. Whether you are an experienced investor looking to expand your portfolio or exploring your first income-producing property, this offering provides an opportunity to own an established, fully occupied multi-residential asset.
Location
Province ON
County Sudbury
Area Sudbury
Rooms
Family Room No
Basement Full
Kitchen 6
Interior
Interior Features Other
Cooling Wall Unit(s)
Fireplace No
Heat Source Electric
Exterior
Parking Features Reserved/Assigned, Front Yard Parking, Available
Pool None
Roof Type Asphalt Shingle
Lot Frontage 208.75
Lot Depth 328.0
Total Parking Spaces 20
Building
Foundation Block
Others
ParcelsYN No
Listed by Narozanski North Realty Inc
Nearby Locations