Fantastic investment opportunity just minutes from downtown. This well-maintained triplex offers strong cash flow with an impressive 8.61% cap rate, making it an ideal addition to any investor’s portfolio. The property features three self-contained units. The main floor 2 bedroom is currently vacant and offers immediate rental potential or the option for owner occupancy. It was previously rented for $1,465.13 + hydro. The upper floor 2 bedroom is currently rented for $1,399.95 + hydro. The basement one bedroom is rented for $1,250/month (all-inclusive). Recent updates include a recently redone roof (August 2025), providing peace of mind for years to come. The low-maintenance lot leaves virtually no yard work, making management simple and efficient. Additional features include: parking for two vehicles, three separate hydro meters, walking distance to shops, restaurants, transit, and other amenities near downtown. With a gross annual income of $50,399, this property is already producing excellent returns. Whether you’re a seasoned investor or just getting started, this turnkey triplex is a proven money maker. Don’t miss this opportunity to own a solid income property with strong cash flow! (id:38174)
| MLS® Number | 2126718 |
| Property Type | Multi-family |
| Amenities Near By | Park, Playground, Public Transit, Schools |
| Equipment Type | Water Heater |
| Rental Equipment Type | Water Heater |
| Basement Type | Full |
| Cooling Type | None |
| Exterior Finish | Vinyl Siding |
| Flooring Type | Hardwood, Vinyl |
| Heating Type | Forced Air |
| Roof Material | Asphalt Shingle |
| Roof Style | Unknown |
| Stories Total | 2 |
| Utility Water | Municipal Water |
| Acreage | No |
| Land Amenities | Park, Playground, Public Transit, Schools |
| Sewer | Municipal Sewage System |
| Size Total Text | 0-4,050 Sqft |
| Zoning Description | R2-3 |
https://www.realtor.ca/real-estate/29507025/391-suffolk-lane-sudbury
Contact us for more information
(705) 688-0007
(705) 688-0082
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
