Realty Executives of Sudbury Ltd.

Steve Caswell

Steve Caswell

Broker

Realty Executives of Sudbury Ltd.

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1590 Kelly Lake Road
Sudbury Ontario P3E4M1 Canada

$1,949,900

Active Listing ID 2120736
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Multi-family

$1,949,900

Active Listing ID 2120736
Save

1590 Kelly Lake Road Great investment property in Sudbury’s South End location. This building has been meticulously maintained by the owners for over 37 years! There are ten 2-bedroom units and one 1-bedroom unit. All 2-bedroom units feature a walk-in-closet, pantry, and a spacious living and dining room. The 8 units on the second and third floors have a balcony, some overlooking Robinson Lake. All tenants pay their own heat and hydro, have access to a storage locker and a parking spot. The building has been extremely cared for over the years. Upgrades include but not limited to the 40-year shingles (2014), energy efficient doors (2008) and windows (2005), paved driveway and parking lot, fire suppression system (2012). The building has an improved cap rate of 5.61% and gross income over $158K! One unit is currently vacant and will be rented at market rent, or you can set your own rent! The current owners have treated the current tenants like family for all these years. This building is more than just numbers, it is an all brick and concrete building that will bring pride of ownership to the new investors for years to come. You Tube Video: https://www.youtube.com/watch?v=2RmRj8ypMPE (id:203)

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Property Features

  • Facts
  • Property Sub-type: Multi-family
  • Features
  • Exterior Finish: Brick, Vinyl siding
  • Floor Covering: Concrete, Parquet, Carpeted
  • Roof Type: Asphalt shingle, Unknown
  • Heating Systems: Baseboard heaters
  • Additional Features
  • Basement
Listing Changed: 2/13/2025 3:50:31 PM GMT
Source Updated Date: 3/14/2025 11:50:43 PM GMT

Courtesy of: KEANDRA BEAUVAIS, Salesperson, RE/MAX CROWN REALTY (1989) INC., BROKERAGE (SUDBURY)