391 Suffolk Lane, Sudbury, Ontario, P3C4W8
MLS: 2126718 | Multi-family
$470,000
Property Description
Fantastic investment opportunity just minutes from downtown. This well-maintained triplex offers strong cash flow with an impressive 8.61% cap rate, making it an ideal addition to any investor’s portfolio. The property features three self-contained units. The main floor 2 bedroom is currently vacant and offers immediate rental potential or the option for owner occupancy. It was previously rented for $1,465.13 + hydro. The upper floor 2 bedroom is currently rented for $1,399.95 + hydro. The basement one bedroom is rented for $1,250/month (all-inclusive). Recent updates include a recently redone roof (August 2025), providing peace of mind for years to come. The low-maintenance lot leaves virtually no yard work, making management simple and efficient. Additional features include: parking for two vehicles, three separate hydro meters, walking distance to shops, restaurants, transit, and other amenities near downtown. With a gross annual income of $50,399, this property is already producing excellent returns. Whether you’re a seasoned investor or just getting started, this turnkey triplex is a proven money maker. Don’t miss this opportunity to own a solid income property with strong cash flow! (id:64974)
Quick Facts
- Property Type: Multi-family
- Bedrooms: None
- Bathrooms: None
- Ownership: Freehold
Listing Provided by: ROYAL LEPAGE NORTH HERITAGE REALTY, BROKERAGE
Board: Sudbury Real Estate Board
Data provided via CREA DDF®.
Detailed Features
Interior & Systems
- Heating: Forced air
- Cooling: None
- Basement: Full
- Flooring: Hardwood, Vinyl
Exterior & Construction
- Exterior: Vinyl siding
- Roof: Asphalt shingle, Unknown
- Sewer: Municipal sewage system
- Water: Municipal water
Lot & Land
- Zoning: R2-3
Listing Information
Listing History
MLS listing activity for 391 Suffolk Lane, Sudbury, Ontario, P3C4W8 — dates reflect when changes were recorded in the DDF
🚗 Travel times
Neighborhood Walkability
Mortgage & Cost Calculators
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Similar Properties ?Active Comparables — Search CriteriaSearch Radius2 kmPrice Range±5%Match Home TypeYesMatch BedroomsYes
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391 Suffolk Lane, Sudbury, Ontario, P3C4W8