For Sale: 362 St George Street, Greater Sudbury, ON - REW
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$675,000
0 bd • ba • sf • Multifamily
362 St George Street
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$675,000
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362 St George StreetGreater Sudbury, ON, P3B 2L6

  • 0 Bed
  • Bath
  • Sqft
  • Multifamily

About this home

Excellent value-add 5-plex opportunity for the savvy investor. This income-producing property generates $91,000 in gross annual rental income and 10% cap rate with upside potential through unit turnover, rental uplift and strategic upgrades. Currently 2 of the 5 units are vacant, including an upcoming vacancy at the end of June, giving buyers the rare opportunity to renovate and reposition immediately after closing. This property offers strong existing cash flow while providing clear potential to increase income over time. All units rents are all-inclusive for simplified management. Rear main floor tenant currently has use of the garage, included in rent. Potential to purchase the adjacent three unit property at 366 St. George as a package deal! A great opportunity to increase value and maximize long term returns. (id:63626)
Listed by: CHRISTIAN LACELLE, Salesperson, ROYAL LEPAGE NORTH HERITAGE REALTY, BROKERAGE

Home facts and features

Price details
List Price
$675,000
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Home facts
Bedrooms
0
Full Bathrooms
Property Type
Multifamily
Depth
Title
Freehold
Exterior Finish
Vinyl siding
Heating Type
Boiler
Basement Details
Full
Agent details
Primary Agent
Primary Broker
ROYAL LEPAGE NORTH HERITAGE REALTY, BROKERAGE
Listing details
Days on REW
18 Days
MLS® Number
2127819
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

ÉS du Sacré-Coeur
  • Catholic
  • 9 - 12
Queen Elizabeth II Public School
  • Public
  • JK - 6
É Sép St-Joseph
  • Catholic
  • JK - 8
Marymount School
  • Catholic
  • 7 - 12
Sudbury Secondary School
  • Public
  • 9 - 12
Lansdowne Public School
  • Public
  • JK - 8
St David Catholic School
  • Catholic
  • JK - 8
ÉS Macdonald-Cartier
  • Public
  • 9 - 12
École publique Macdonald-Cartier
  • Public
  • 7 - 8
École publique Jeanne-Sauvé
  • Public
  • JK - 6
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
CHRISTIAN LACELLE
Phone:
(705) 507-0077
Office:
705-688-0007
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This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

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.