1492 Regent Street,Greater Sudbury, ON P3E3Z6
Greater Sudbury, ON P3E3Z6
Description
PRIME SOUTH END INVESTMENT OPPORTUNITY 12-Unit Apartment Building on Approximately 1 Acre First Time Ever Offered for Sale - Pride of Ownership from Day One ! An exceptional opportunity to acquire a 12-unit apartment building in a prime South End location, situated on approximately one acre of land and offered for sale by the original owner/builder. This all-brick, meticulously constructed building features 10 large two-bedroom units, 2 bachelor units. All two-bedroom apartments offer the same efficient layout, providing consistency and ease of management. QUALITY CONSTRUCTION & UPDATES - Built with long-term durability in mind, this property showcases quality construction throughout, including:All-brick exterior construction,2-inch styrofoam insulation installed beneath the brick, glued and sealed at every seam concrete block and concrete construction throughout, Quality plaster interior walls,Durable terrazo flooring,Secure building entrance,Fire protection system, On-site laundry facility. Windows replaced throughout in 2024-2025, Shingles replaced approximately 2017. The property currently operates with all-inclusive rents, providing a straightforward rental structure for the existing tenant base. Importantly, there are 12 separate hydro meters, offering a future owner the flexibility to change the rental structure for new tenants, subject to applicable requirements. The property is zoned R3-1 This creates the potential to explore additional multifamily buildings on the existing property. Conveniently located within walking distance of shopping, services, schools, restaurants and other everyday amenities. A dedicated turning lane provides safe and convenient road access from Regent Street, adding further appeal for both residents and future development. Contact us today for additional information and to arrange a private viewing. (id:13843)
Details
| MLS # | 2129836 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 64 |
| Listing Provided By | REALTY EXECUTIVES OF SUDBURY LTD, BROKERAGE | CARL YOUNG |
Features
| SQ Feet | 5,000 |
|---|---|
| Basement | Y |
| Story(s) | 2 |
| Units | 12 |
| Zoning | R3-1 |
Interior
| Cooling | None |
|---|---|
| Heating | Baseboard heaters |
| Fireplace Yes / No | No |
Exterior
| Security Features | Smoke Detectors, Controlled entry, Fire alarm system |
|---|---|
| Roof | Asphalt shingle, Unknown |
| Foundation Details | Block |
Parking
| Parking Features | Gravel, Visitor Parking |
|---|
Utilities
| Sewer | Municipal sewage system |
|---|---|
| Water Source | Municipal water |
Area Information
| Province | ON |
|---|---|
| City | Greater Sudbury |
| Postal Code | P3E3Z6 |
| Listing VS Median (in P3E3Z6) | |
Price: $1,850,000 low | high Med: $1,850,000 sqft: 5,000 low | high Med: 5,000 $ / sqft: $370 low | high Med: $370 On site: 64 low | high Med: 64 | |
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Learn More About This Property
| Province | ON |
|---|---|
| City | Greater Sudbury |
| Postal Code | P3E3Z6 |
| Listing VS Median (in P3E3Z6) | |
Price: $1,850,000 low | high Med: $1,850,000 sqft: 5,000 low | high Med: 5,000 $ / sqft: $370 low | high Med: $370 On site: 64 low | high Med: 64 | |
