For Sale: 362 St George Street, Greater Sudbury, ON - REW
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$599,000
0 bd • ba • sf • Multifamily
362 St George Street
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$599,000
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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 $87,358 in gross annual rental income and 10% cap rate with upside potential through unit turnover, rental uplift and strategic upgrades. 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
$599,000
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Home facts
Bedrooms
0
Full Bathrooms
Property Type
Multifamily
Lot Size
40 ft x 0 ft (121 ft²)
Depth
Frontage
40.0 feet
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
108 Days
Property Views
13
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
École publique Macdonald-Cartier
  • Public
  • 7 - 8
ÉS Macdonald-Cartier
  • Public
  • 9 - 12
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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