Prime Investment Opportunity – An exceptional multi-unit investment property in the heart of Sudbury, offering strong income potential and flexibility. Previously operating at a 7.5% cap rate, this property presents an opportunity for increased returns with the ability to set your own rent or owner-occupy one of the units while the others offset your mortgage. This well-maintained building features 3 separate units, each with its own private entrance for tenant convenience and privacy. The main unit offers 3 spacious bedrooms and 1 bathroom, while the upper 2-bedroom unit has been newly renovated and is currently vacant, allowing for immediate leasing or owner occupancy. A third 1 bedroom unit completes this versatile property, making it ideal for a range of investment strategies. Situated in a central location, this property is close to amenities, transit, and essential services, ensuring strong tenant demand. Don't miss this fantastic investment opportunity—schedule your showing today! (id:38174)
| MLS® Number | 2121089 |
| Property Type | Single Family |
| Amenities Near By | Public Transit, Shopping, University |
| Community Features | Bus Route |
| Equipment Type | Water Heater |
| Rental Equipment Type | Water Heater |
| Road Type | Paved Road |
| Storage Type | Storage In Basement |
| Bathroom Total | 3 |
| Bedrooms Total | 6 |
| Architectural Style | 2 Level |
| Basement Type | Partial |
| Exterior Finish | Other, Stucco |
| Flooring Type | Vinyl, Other |
| Foundation Type | Block, Concrete |
| Heating Type | Forced Air |
| Roof Material | Asphalt Shingle,other |
| Roof Style | Unknown,unknown |
| Stories Total | 2 |
| Type | House |
| Utility Water | Municipal Water |
| Parking Space(s) |
| Acreage | No |
| Land Amenities | Public Transit, Shopping, University |
| Sewer | Municipal Sewage System |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | R2-3 |
https://www.realtor.ca/real-estate/28018552/1719-fairview-avenue-sudbury
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(705) 524-5600
www.rlteam.ca/
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