For Sale: 29 Laren Street, Greater Sudbury, ON - REW
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$2,999,900
0 bd • ba • sf • Multifamily
29 Laren Street
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$2,999,900
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29 Laren StreetGreater Sudbury, ON, P0M 3C0

  • 0 Bed
  • Bath
  • Sqft
  • Multifamily

About this home

This is not your average income property. Set on a quiet dead-end street in a serene, residential pocket just 10-15min from New Sudbury. This rare and versatile investment sits on 1.2 acres and offers 18 total units, made up of eight two-storey townhomes & a 9-unit apartment building with a large five-bedroom, two-storey home attached. Each of the eight townhomes features three bedrooms, one-and-a-half bathrooms, a full basement, and a private backyard. With no shared common areas and separate entrances, they feel just like single-family homes. Even better, all townhomes are separately metered, and tenants pay their own heat, hydro, and water—keeping your operating expenses low and predictable. Each unit is heated by its own forced-air natural gas furnace and has its own water heater. The nine-unit apartment building offers a solid, stable tenant mix and includes access to coin-operated laundry, secure storage lockers, and is heated by newer, high-efficiency Viessmann gas boilers. Attached to the apartment block is a spacious 5-bedroom home perfect for an owner-occupier or as a premium rental. It features its own laundry room, vaulted ceilings, a den, a four-piece and a two-piece bathroom, an attached garage, and a massive detached 24’ x 50’ triple-car garage. This is a truly unique opportunity to own a turn-key income-generating property with tremendous value. Don’t miss your chance to invest in something special with exceptional unmatched long term upside and retention. Current rents leave remarkable potential for future growth. (id:63626)
Listed by: ASHLEY STEFANYSHYN, Salesperson, EXP REALTY, BROKERAGE (MAIN)

Home facts and features

Price details
List Price
$2,999,900
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Home facts
Bedrooms
0
Full Bathrooms
Parking Details
Attached Garage, Parking Space(s), Detached Garage
Property Type
Multifamily
Depth
Title
Freehold
Heating Type
Forced air, Boiler
Agent details
Primary Agent
Primary Broker
EXP REALTY, BROKERAGE (MAIN)
Secondary Agent
DUSTIN CAMILETTI
Secondary Broker
EXP REALTY, BROKERAGE (MAIN)
Listing details
Days on REW
81 Days
Property Views
74
MLS® Number
2126906
Source
Canadian Real Estate Association
Board
Sudbury Real Estate Board
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Amortization
25 Years
Interest Rate
3.99%

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Property Insights

É Sép Notre-Dame-de-la-Merci
  • Catholic
  • JK - 8
St Paul the Apostle Catholic School
  • Catholic
  • JK - 8
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Call Agent
Salesperson
ASHLEY STEFANYSHYN
Phone:
(705) 929-0889
Office:
866-530-7737
Salesperson
DUSTIN CAMILETTI
Phone:
(705) 560-5650
Office:
866-530-7737
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By proceeding, you consent to receive communications using the methods provided, from REW.ca and our partners about your inquiry and other home-related matters to assist you in your search, but not as a condition of any purchase.