618 Lilac Street, Sudbury, Ontario
$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:56241)
- Listing ID: 2123127
- Property Type: Multi-family
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Listing provided by SUTTON-BENCHMARK REALTY INC., 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 618 Lilac Street in Sudbury Ontario. It was last modified on June 26th, 2025. Contact us to schedule a viewing or to discover other Sudbury real estate for sale.