$1,595,000

Greater Sudbury ON, P0M 1L0

MLS® # 2120462

Property Information:

***SELLER WILL ASSIST WITH VENDOR FINANCING*** CAPITALIZATION RATE 8.75% - 16 UNITS - UNIQUE INVESTMENT OPPORTUNITY - 2 PURPOSE BUILT 8 UNIT BUILDINGS - PRESENT AND FUTURE POSSIBILITIES 3443 Errington Ave - the Seller has by design left 8 units VACANT to allow a future Investor the opportunity to select Tenants and immediately achieve market rent to maximize the Net Operating Income . 3447 Errington Ave - the Seller has by design left 2 units VACANT. The opportunity as Tenants turnover to achieve market rent provides an Investor a tremendous upside to increase the Net Operating Income going forward. Located in the quiet community of Chelmsford in the City of Greater Sudbury. Grocery Store, Bank, Laundromat. Fitness Center and Restaurants all within walking distance. There is also ample parking for Tenants and Guests. Don't miss this chance to add significant value to your portfolio! (id:27)

Building Features:

Style: Multiplex
Basement Type: Remodeled Basement
Exterior Finish: Brick
Flooring Type: Laminate, Vinyl
Foundation Type: Block
Roof Material: Asphalt shingle
Roof Style: Unknown
Heating Type: Baseboard heaters

Property Features:

OwnershipType: Freehold
Property Type: Multi-family
Access Type: Year-round access
Amenities Nearby: Golf Course, Public Transit, Schools, Shopping
Zoning: C2
Sewer: Municipal sewage system

Courtesy of: REALTY EXECUTIVES OF SUDBURY LTD, BROKERAGE

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⚠ Potential Investment Performance

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Market Price Trends

Location of 3443-3447 Errington Avenue, Greater Sudbury, Ontario, P0M 1L0

Lifestyle
Neighbourhood

Demographic Information of 3443-3447 Errington Avenue, Greater Sudbury, Ontario, P0M 1L0

Life Stage

Families with Tweens

Employment Type

Mixed

Average Household Income

$121,141.58

Average Number of Children

1.63

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

20.13 %

High school certificate or equivalent

31.84 %

Apprenticeship trade certificate/diploma

13.37 %

College/non-university certificate

26.53 %

University certificate (below bachelor)

0.99 %

University Degree

7.14 %

Commuter

Travel To Work

By Car

93.43 %

By Public Transit

0.13 %

By Walking

0.71 %

By Bicycle

0.0 %

By Other Methods

5.73 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

21.16 %

Houses

78.84 %

Own Vs. Rent