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825 Downland Avenue Sudbury, Ontario P3A 3L9

2 Bedroom 2 Bathroom
Bungalow Fireplace Forced Air

$379,900

Must see all brick well maintained 2 unit income property located in a desirable New Sudbury location, This home has an in-law suite, and annual rental income of $34,800 and a Net operating income of $25,589.47 thats almost a 7% cap rate in New Sudbury!! This updated home features a renovated spacious open concept 2 bedroom main floor unit, that is currently rented for $1650/month, The lower level open concept 2 bedroom unit is currently rented at $1250/month, will be vacant December 1st. The property features 2 driveways, large 28x18 insulated detached garage, carport, separate entrances to both units, separate laundry, and newer high efficiency gas furnace. Rent Roll unit#1-2 bed $1650 inclusive x 12= $19,800 unit#2-2 bed $1250+inclusive x12= $15,000 Total Income $34,800 Expenses: Greater Sudbury Utilities $2948.22 Union Gas $648.28 Reliance hot water rental $234.24 Property Taxes 2020 $3,655.99 Insurance $1723.80 Total Expenses $9,210.53 Net Operating Income $25,589.47 almost a 7% cap rate! (id:38174)

Property Details

MLS® Number 2090316
Property Type Single Family
Amenities Near By Schools, Shopping, Ski Hill
Equipment Type Water Heater - Electric
Rental Equipment Type Water Heater - Electric
Road Type Paved Road

Building

Bathroom Total 2
Bedrooms Total 2
Appliances 2 Refrigerators & 2 Stoves, Microwave Range Hood Combo
Architectural Style Bungalow
Basement Type Full
Exterior Finish Brick
Fireplace Fuel Wood
Fireplace Present Yes
Fireplace Total 1
Fireplace Type Conventional
Flooring Type Hardwood, Laminate, Other
Foundation Type Concrete Perimeter
Heating Type Forced Air
Roof Material Asphalt Shingle
Roof Style Unknown
Type House
Utility Water Municipal Water

Parking

Gravel

Land

Access Type Year-round Access
Acreage No
Land Amenities Schools, Shopping, Ski Hill
Sewer Municipal Sewage System
Size Total Text 7,251 - 10,889 Sqft
Zoning Description R1-5

https://www.realtor.ca/real-estate/22563797/825-downland-avenue-sudbury

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Royal LePage North Heritage Realty, Brokerage
860 Lasalle Blvd
Sudbury, Ontario P3A 1X5

(705) 688-0007
(705) 688-0082

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