642-646 St Clair Street, Sudbury, Ontario

About 642-646 St Clair Street

Located in Sudbury’s West End, 642–646 St. Clair Street offers a 9-unit multi-residential investment with immediate income and clear value-add upside. The property consists of four 1-bedroom units, two 1-bedroom + den units, one 2-bedroom unit, and two bachelor apartments. Each unit is separately metered for hydro with individual panels, plus a dedicated common-area meter potentially minimizing owner expenses and simplifying management. The building features four separate entrances, supporting tenant privacy and operational efficiency. Heat is provided by a gas boiler installed in 2023, offering reliable and cost-effective performance. Five units have been renovated, while remaining units present an opportunity for further rent optimization through cosmetic updates. Additional upside includes a detached garage with electric heat currently unused by tenants and suitable for additional rental income or storage revenue. Shared laundry consists of one card-operated washer and dryer on site. The property is well-located with strong tenant demand, close to transit, amenities, and employment. With stable occupancy and multiple avenues for revenue growth, 642–646 St. Clair Street is well-suited for investors seeking day-one cash flow with long-term upside. (id:6289)

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