Rare 5-unit investment opportunity in a prime New Sudbury neighbourhood! This unique property features a triplex with an in-law suite plus a completely separate 1-bedroom standalone home on the same lot, offering a total of 5 units. The main building consists of one 2-bedroom unit and three 1-bedroom units, while the detached home provides an additional 1-bedroom living space. The unique configuration offers exceptional flexibility for investors or owner-occupiers, with the option to live in the standalone home while generating rental income from the other four units, or rent all five units as an income-producing investment. There is plenty of potential to increase rental income over time through improved rents and continued management of the property. The detached home is particularly appealing to tenants looking for the privacy and independence of their own house without the typically higher cost of a standalone property. For those looking toward the future, the standalone home's location on the lot may also present potential for redevelopment or the addition of further multifamily housing, subject to municipal approvals, zoning, severance requirements and other applicable regulations. Buyers are encouraged to conduct their own due diligence with the City regarding any proposed redevelopment. The current owner has completed substantial upkeep and maintenance over the years, making this a rare opportunity to acquire a versatile multi-unit property with multiple income streams and significant potential for future value-add opportunities. (id:4069)
Address
1273 & 1277 Will Street
List Price
$899,900
Property Type
Multi-family
Transaction Type
Sale
Area
Ontario
Sub-Area
Greater Sudbury
Floor Area
1500 - 2000 Sq. Ft.
Lot Size
132.12 Sq. Ft.
Frontage Length
93 ft
MLS® Number
2129947
Listing Brokerage
RE/MAX SUDBURY INC., BROKERAGE
Basement Area
Full
Postal Code
P3A4L5
Zoning
R1-5
Ownership
Freehold
Heat Type
Forced air
Number Of Floors In Building
2
Water Source
Municipal water
Sewer
Municipal sewage system
