About 1071 Lorne Street
Located in Sudbury's desirable west end, this well-maintained building offers an excellent opportunity for investors. Situated in a high-demand rental and commercial space area close to grocery stores, coffee shops, amenities, and bus routes, this property boasts consistent rental income and strong tenant appeal. This solid investment currently features three (3) self-contained apartment units and has undergone numerous recent upgrades including modernized electrical and plumbing systems, updated bathrooms, and a new roof- giving peace of mind and reducing maintenance costs. The C2 zoning also offers flexibility and many additional opportunities. With a strong 8% cap rate, this property is a true money-maker from day one. Don't miss out on this prime income generating property in a sought-after location. (id:6289)
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Features of 1071 Lorne Street
| Listing # | 2122735 |
|---|---|
| Price | $439,000 |
| Bathrooms | 0.00 |
| Acres | 0.00 |
| Type | Other |
| Sub-Type | Freehold |
Community Information
| Address | 1071 Lorne Street |
|---|---|
| City | Sudbury |
| Province | Ontario |
| Postal Code | P3C4S6 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
Interior
| Heating | Forced air |
|---|---|
| Fireplace | No |
| Has Basement | No |
Exterior
| Exterior | Brick |
|---|
Listing Details
| Office | EXP REALTY, BROKERAGE (MAIN) |
|---|
