PRIME SOUTH END INVESTMENT OPPORTUNITY 12-Unit Apartment Building on Approximately 1 Acre First Time Ever Offered for Sale — Pride of Ownership from Day One ! An exceptional opportunity to acquire a 12-unit apartment building in a prime South End location, situated on approximately one acre of land and offered for sale by the original owner/builder. This all-brick, meticulously constructed building features 10 large two-bedroom units, 2 bachelor units. All two-bedroom apartments offer the same efficient layout, providing consistency and ease of management. QUALITY CONSTRUCTION & UPDATES - Built with long-term durability in mind, this property showcases quality construction throughout, including:All-brick exterior construction,2-inch styrofoam insulation installed beneath the brick, glued and sealed at every seam concrete block and concrete construction throughout, Quality plaster interior walls,Durable terrazo flooring,Secure building entrance,Fire protection system, On-site laundry facility. Windows replaced throughout in 2024–2025, Shingles replaced approximately 2017. The property currently operates with all-inclusive rents, providing a straightforward rental structure for the existing tenant base. Importantly, there are 12 separate hydro meters, offering a future owner the flexibility to change the rental structure for new tenants, subject to applicable requirements. The property is zoned R3-1 This creates the potential to explore additional multifamily buildings on the existing property. Conveniently located within walking distance of shopping, services, schools, restaurants and other everyday amenities. A dedicated turning lane provides safe and convenient road access from Regent Street, adding further appeal for both residents and future development. Contact us today for additional information and to arrange a private viewing. (id:4069)
Address
1492 Regent Street
List Price
$1,850,000
Property Type
Multi-family
Transaction Type
Sale
Area
Ontario
Sub-Area
Greater Sudbury
Floor Area
5000 - 10000 Sq. Ft.
Lot Size
730 ' & 760' Sq. Ft.
Frontage Length
68 ft
MLS® Number
2129836
Listing Brokerage
REALTY EXECUTIVES OF SUDBURY LTD, BROKERAGE
Basement Area
Full
Postal Code
P3E3Z6
Zoning
R3-1
Ownership
Freehold
Site Influences
Golf Course, Hospital, Schools, Shopping
Heat Type
Baseboard heaters
Cooling Features
None
Foundation Details
Block
Number Of Floors In Building
2.5
Water Source
Municipal water
Sewer
Municipal sewage system
