1590 Kelly Lake Road, Sudbury, Ontario, P3E4M1
MLS: 2124668 | Multi-family
$1,899,900
Property Description
Great investment property in Sudbury’s South End location. This building has been meticulously maintained by the owners for over 39 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 6.29% and gross income over $178K! 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:64974)
Quick Facts
- Property Type: Multi-family
- Bedrooms: None
- Bathrooms: None
- Ownership: Freehold
Listing Provided by: RE/MAX CROWN REALTY (1989) INC., BROKERAGE (SUDBURY)
Board: Sudbury Real Estate Board
Data provided via CREA DDF®.
Detailed Features
Interior & Systems
- Heating: Baseboard heaters
- Basement: None
- Flooring: Concrete, Parquet, Carpeted
- Security: Controlled entry, Fire alarm system
Exterior & Construction
- Exterior: Brick, Vinyl siding
- Roof: Asphalt shingle, Unknown
- Foundation: Concrete Slab
- Sewer: Municipal sewage system
- Water: Municipal water
Lot & Land
- Zoning: R3-1
Listing Information
Listing History
MLS listing activity for 1590 Kelly Lake Road, Sudbury, Ontario, P3E4M1 — dates reflect when changes were recorded in the DDF
Location & Neighborhood
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Mortgage & Cost Calculators
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1590 Kelly Lake Road, Sudbury, Ontario, P3E4M1