About 366-368 Pine Street
This fully rented, cash-flow-positive 6-unit all-brick apartment building offers immediate income with value-add potential. It includes two 2-bedroom units (with basements for future expansion) and four 1-bedroom units, with three units recently renovated featuring modern finishes and white cabinetry. Features include six hydro meters, two natural gas furnaces, and a paved driveway. Key upgrades include shingles (2022), fire-rated doors and windows, fire escape improvements and partial electrical updates with ESA certification, ensuring a well-maintained and compliant building. Situated on a 50’ x 122’ lot in an R2-3 zoned area, the property is municipally serviced and generates strong, stable rental income. With an 9% cap rate, this opportunity offers a rare chance to acquire a turnkey, high-yield asset in Sudbury’s growing market. (id:6289)
What's your home worth?
Get a FREE Comparative Market Analysis in today's market.
Features of 366-368 Pine Street
| Listing # | 2125587 |
|---|---|
| Price | $799,000 |
| Bathrooms | 0.00 |
| Acres | 0.09 |
| Type | Multi-family |
| Sub-Type | Freehold |
Community Information
| Address | 366-368 Pine Street |
|---|---|
| City | Sudbury |
| Province | Ontario |
| Postal Code | P3C1X8 |
Amenities
| Parking | Parking Space(s) |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Forced air |
|---|---|
| Fireplace | No |
| # of Stories | 3 |
| Has Basement | No |
Exterior
| Exterior | Brick |
|---|---|
| Roof | Asphalt shingle |
Listing Details
| Office | ROYAL LEPAGE NORTH HERITAGE REALTY, BROKERAGE |
|---|
