For Sale: 2005 Richard Street, Greater Sudbury, ON - REW
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$1,099,900
0 bd • ba • sf • Multifamily
2005 Richard Street
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$1,099,900
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2005 Richard StreetGreater Sudbury, ON, P3B 1Y1

  • 0 Bed
  • Bath
  • Sqft
  • Multifamily

About this home

Exceptional investment opportunity in the highly desirable Minnow Lake neighbourhood! This well-maintained fourplex with an additional one-bedroom in-law suite offers investors a rare combination of strong income potential, extensive capital improvements, and long-term value. Ideally situated close to shopping, public transit, schools, restaurants, and other everyday amenities, this property continues to attract quality tenants in a high-demand rental market. Pride of ownership is evident throughout, with numerous recent updates that minimize future maintenance and enhance tenant appeal. Over the past several years, multiple units have been renovated, including modern kitchen upgrades, new waterproof luxury vinyl plank flooring, refreshed bathrooms, updated Slant/Fin radiator heating, fresh paint, and numerous interior improvements. The building has also benefited from significant mechanical upgrades, including improvements to the boiler heating system, updated electrical panels with separate hydro meters for each unit, newer windows, and a recently updated coin-operated laundry facility. Ample on-site parking adds further convenience for tenants, while the property's R1-5 LNC (Legal Non-Conforming) zoning provides a proven, established multi-family investment. Whether you're looking to expand an existing portfolio or acquire a turnkey income property with documented improvements and excellent rental appeal, this is an outstanding opportunity to own a quality asset in one of Greater Sudbury's most sought-after neighbourhoods. (id:63626)
Listed by: SHAYNE MALONE, Salesperson, ROYAL LEPAGE NORTH HERITAGE REALTY, BROKERAGE

Home facts and features

Price details
List Price
$1,099,900
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Home facts
Bedrooms
0
Full Bathrooms
Parking Details
Gravel
Property Type
Multifamily
Depth
Title
Freehold
Exterior Finish
Stucco
Heating Type
Boiler, Hot Water
Basement Details
Partial
Features
Smoke Detectors
Agent details
Primary Agent
SHAYNE MALONE
Primary Broker
ROYAL LEPAGE NORTH HERITAGE REALTY, BROKERAGE
Listing details
Days on REW
1 Day
MLS® Number
2128976
Source
Canadian Real Estate Association
Board
Sudbury Real Estate Board
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25 Years
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Property Insights

Adamsdale Public School
  • Public
  • JK - 6
Pius XII Catholic School
  • Catholic
  • JK - 8
É Sép Saint-Pierre
  • Catholic
  • JK - 8
Westmount Avenue Public School
  • Public
  • JK - 5
Holy Trinity School
  • Catholic
  • JK - 6
St Charles College
  • Catholic
  • 7 - 12
Churchill School
  • Public
  • JK - 8
Jean-Éthier-Blais
  • Public
  • JK - 6
Lasalle Secondary School
  • Public
  • 9 - 12
Carl A Nesbitt Public School
  • Public
  • JK - 8
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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Call Agent
Salesperson
SHAYNE MALONE
Phone:
(705) 688-0007
Office:
705-688-0007
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