366-368 Pine Street, Sudbury, Ontario
$849,000
This fully rented, cash-flow-positive 6-unit all-brick apartment building offers immediate income with value-add potential. It includes two 2-bedroom units (with basements for future expansion) and four 1-bedroom units, with three units recently renovated featuring modern finishes and white cabinetry. Features include six hydro meters, two natural gas furnaces, and a paved driveway. Key upgrades include shingles (2022), fire-rated doors and windows, fire escape improvements and partial electrical updates with ESA certification, ensuring a well-maintained and compliant building. Situated on a 50’ x 122’ lot in an R2-3 zoned area, the property is municipally serviced and generates strong, stable rental income. With an 8.3% cap rate, this off-market opportunity offers a rare chance to acquire a turnkey, high-yield asset in Sudbury’s growing market. (id:56241)
- Listing ID: 2123273
- Property Type: Multi-family
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Listing provided by ROYAL LEPAGE NORTH HERITAGE REALTY, BROKERAGE
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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 366-368 Pine Street in Sudbury Ontario. It was last modified on July 7th, 2025. Contact us to schedule a viewing or to discover other Sudbury real estate for sale.