Prime Investment Opportunity – 16-Unit Income Property This 16-unit building is a proven income generator with a fantastic location that tenants love — just steps from shopping, public transit, and the downtown office hub. The property includes 14 bachelor units, two 2-bedroom apartments, and one storage unit. Operated successfully for over 40 years, this building delivers an excellent return with many long-term tenants. In the past two years, it has seen extensive updates inside and out, including boiler upgrades and a monitored fire alarm system. Certificates completed include the Fire Safety Plan and Retrofit Surface Certificate. With a gross annual income of approximately $105,000, this is an opportunity not to be missed. A confidentiality agreement is required before any financial information is disclosed. A great deal—call today to book a private showing! (id:38174)
| MLS® Number | 2123985 |
| Property Type | Multi-family |
| Equipment Type | Water Heater - Gas |
| Rental Equipment Type | Water Heater - Gas |
| Basement Type | Full |
| Cooling Type | None |
| Exterior Finish | Brick, Vinyl Siding |
| Fire Protection | Fire Alarm System |
| Flooring Type | Hardwood, Linoleum, Vinyl |
| Heating Type | Boiler |
| Roof Material | Asphalt Shingle |
| Roof Style | Unknown |
| Stories Total | 3 |
| Utility Water | Municipal Water |
| Gravel |
| Acreage | No |
| Sewer | Municipal Sewage System |
| Size Total Text | 10,890 - 21,799 Sqft (1/4 - 1/2 Ac) |
| Zoning Description | C4-1 |
https://www.realtor.ca/real-estate/28727318/265-267-cedar-street-sudbury
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