850 Burton Avenue, SUDBURY

2024-01-14
 

Quick Summary

Location
850 Burton Avenue, SUDBURY, Ontario P3C4L4
Price
$1,100,000 CAD
Status:
For Sale
Property Type:
Multi-family

MLS®#2114780

Property Description

This amazing two storey all brick six-plex stands ""head and shoulders"" above the rest. It boasts six spacious units, approximately 1,000 ft² each. All six suites are virtually identical in terms of size and layout and contain a kitchen, dining area, 4-piece bathroom, and two bedrooms. Special features include a storage shed in the backyard, paved parking lot, six hydro meters, and a common laundry room. From a location standpoint, it is central to New Sudbury and downtown so it is always easy to rent. Sudbury's Fire Department carried out an inspection in 2023 at which time a New Fire Safety Plan was approved. Overall, a fantastic multi-unit investment opportunity priced at a fraction of the reproduction cost!!! . Rents are all well below market allowing for significant rent increases upon tenant turnover. Laundry Room $1,500 annually. Roof reshingled in 2015. Hot water “on demand “boiler replaced in 2017. (id:32467)

Property Features

Ammenities Near By

  • Ammenities Near By: Playground, Public Transit, Schools, Shopping

Building

  • Basement Type: Full
  • Exterior Finish: Brick
  • Fireplace: No
  • Flooring Type: Laminate, Vinyl
  • Stories: 2
  • Utility Water: Municipal water

Land

  • Land Size: 7,251 - 10,889 sqft
  • Sewer: Municipal sewage system

Ownership

  • Type: Freehold

Storage Type

  • Storage Type: Storage Shed

Zoning

  • Description: R3

Information entered by ROYAL LEPAGE NORTH HERITAGE REALTY, BROKERAGE
Listing information last updated on: 2024-09-13 12:46:40


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$500,000

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Savings calculated using One Percent Realty's posted commission rates compared to another agent charging 5% + HST . Not all agents charge the same.

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