For Sale: 44-46 Yonge, Greater Sudbury, ON - REW
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$535,000
0 bd • ba • sf • Multifamily
44-46 Yonge
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$535,000
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44-46 YongeGreater Sudbury, ON, P3B 0B7

  • 0 Bed
  • Bath
  • Sqft
  • Multifamily

About this home

Calling all investors and house-hackers! This legal nonconforming 3-unit bungalow in the bustling core of Chelmsford is a rare find, offering above an 8% cap rate. Generating a gross annual income of about $57,600 and a Net Operating Income of around $44,679, this meticulously maintained 1958 property is fully tenanted by reliable, long-term renters who treat the home with care. Offering 1,320 sq. ft. of above-grade living space and a fully finished 1,320 sq. ft. lower level, the property provides a proven layout for strong rental income. It features an attached garage, a convenient carport for tenant parking, and numerous recent updates (full list available through your realtor). Outside, a fully fenced backyard offers a secure, private space perfect for summer BBQs and cozy evening fires. Situated in a highly walkable location that guarantees low vacancy rates, the property provides residents with immediate access to public transit, commercial services, schools, shopping. Unit 1 can be vacant upon closing (Main Floor, 2 Bed / 1 Bath): A sprawling suite featuring a spacious living room, a large eat-in kitchen, and convenient side-entrance access to the basement. Currently rented at $1,900/month (inclusive). Unit 2 (Main Floor, 1 Bed / 1 Bath): A cozy, highly rentable suite perfectly sized for a single professional or a couple. Currently rented at $1,100/month (inclusive). Unit 3 can be vacant upon closing (Lower Level, 1 Large Bed / 1 Bath): A bright and inviting basement suite showcasing an open-concept kitchen and living area, plus a generously sized bedroom. Currently rented at $1,800/month (inclusive). Whether you are looking to add a reliable, high-performing multi-family property to your investment portfolio or hoping to live in one unit while the others pay your mortgage, this property offers exceptional income potential. Book your showing today! (id:63626)
Listed by: HOLLY ABBOTT, Salesperson, LPT REALTY

Home facts and features

Price details
List Price
$535,000
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Home facts
Bedrooms
0
Full Bathrooms
Parking Details
Garage, Carport
Property Type
Multifamily
Depth
Frontage
66.0 feet
Title
Freehold
Exterior Finish
Brick, Vinyl siding
Heating Type
Forced air
Basement Details
Full
Agent details
Primary Agent
HOLLY ABBOTT
Primary Broker
LPT REALTY
Secondary Agent
REGGIE FITCHETT
Secondary Broker
LPT REALTY
Listing details
Days on REW
1 Day
MLS® Number
2131195
Source
Canadian Real Estate Association
Board
Sudbury Real Estate Board
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25 Years
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3.99%

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Property Insights

École Alliance St-Joseph
  • Catholic
  • JK - 8
St Charles Catholic School
  • Catholic
  • JK - 8
Chelmsford Public School
  • Public
  • JK - 8
ÉS Catholique Champlain
  • Catholic
  • 9 - 12
École publique Pavillon-de-l'Avenir
  • Public
  • JK - 8
Chelmsford Valley District School
  • Public
  • 7 - 12
É Sép Sainte-Marie
  • Catholic
  • 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
HOLLY ABBOTT
Office:
877-366-2213
Salesperson
REGGIE FITCHETT
Office:
877-366-2213
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