618 Lilac Street Sudbury, Ontario P3E 4C8

Forced Air

$729,900

Welcome to 618 Lilac Street, a fully leased and income producing multi-residential property. This well-maintained triplex with an additional 1-bedroom in-law suite presents an outstanding opportunity for investors seeking dependable, turnkey cash flow. The property features three spacious 2-bedroom units, abundant natural light, and strong tenant appeal. The self-contained in-law suite offers added flexibility for multi-generational occupancy or additional rental income. All tenants benefit from shared laundry facilities, while Units 1 and 2 are separately metered, and Units 3 and 4 share a dedicated 100-amp hydro panel providing simplified utility management and promoting tenant accountability. This fully tenanted asset generates over $63,000 in gross annual operating income, with a cap rate of 5.8%, making it a profitable and low-risk addition to any investment portfolio. Recent capital improvements include a high-efficiency furnace (2023), a modern basement unit renovation (2024), and a new exterior deck and stair system (2025) minimizing future capital expenditures. Additional highlights include ample on-site parking, professional property management, and a stable tenant base. Conveniently located near public transportation, major amenities, and a short drive to Laurentian University, this property attracts a broad spectrum of renters including students, families, and professionals. Whether you're a seasoned investor or expanding your portfolio, 618 Lilac Street offers immediate income, long-term upside, and peace of mind. (id:38174)

Property Details

MLS® Number 2123127
Property Type Multi-family
Amenities Near By Public Transit, Schools
Equipment Type Furnace, Water Heater
Rental Equipment Type Furnace, Water Heater

Building

Basement Type Full
Exterior Finish Brick
Flooring Type Laminate
Foundation Type Block
Heating Type Forced Air
Roof Material Asphalt Shingle
Roof Style Unknown
Stories Total 2
Utility Water Municipal Water

Parking

Gravel

Land

Acreage No
Land Amenities Public Transit, Schools
Sewer Municipal Sewage System
Size Total Text Under 1/2 Acre
Zoning Description R2-2

https://www.realtor.ca/real-estate/28523492/618-lilac-street-sudbury

Contact Us

Contact us for more information

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Sutton-Benchmark Realty Inc., Brokerage
887 Notre Dame Ave Unit C
Sudbury, Ontario P3A 2T2

(705) 566-5454
(705) 566-5450
suttonbenchmarkrealty.com/

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