1590 Kelly Lake Road, Sudbury, Ontario
$1,949,900
Great investment property in Sudbury’s South End location. This building has been meticulously maintained by the owners for over 37 years! There are ten 2-bedroom units and one 1-bedroom unit. All 2-bedroom units feature a walk-in-closet, pantry, and a spacious living and dining room. The 8 units on the second and third floors have a balcony, some overlooking Robinson Lake. All tenants pay their own heat and hydro, have access to a storage locker and a parking spot. The building has been extremely cared for over the years. Upgrades include but not limited to the 40-year shingles (2014), energy efficient doors (2008) and windows (2005), paved driveway and parking lot, fire suppression system (2012). The building has an improved cap rate of 5.61% and gross income over $158K! One unit is currently vacant and will be rented at market rent, or you can set your own rent! The current owners have treated the current tenants like family for all these years. This building is more than just numbers, it is an all brick and concrete building that will bring pride of ownership to the new investors for years to come. You Tube Video: https://www.youtube.com/watch?v=2RmRj8ypMPE (id:56241)
- Listing ID: 2120736
- Property Type: Multi-family
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Listing provided by RE/MAX CROWN REALTY (1989) INC., BROKERAGE (SUDBURY)
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 1590 Kelly Lake Road in Sudbury Ontario. It was last modified on February 10th, 2025. Contact us to schedule a viewing or to discover other Sudbury real estate for sale.