ON
Greater Sudbury (Sudbury)
P3E 4C6
590 Norman Street
590 Norman Street, Greater Sudbury (Sudbury), ON P3E 4C6
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Listing Type
Multi Family
Listing Status
Active
17
$939,000

Home Details for 590 Norman Street

Price
$939,000
Type
Residential Income
Total Bathrooms
6
Square feet
3150
Listing #
X13726524
Property Description

Exceptional turnkey investment opportunity in Sudbury's established West End! This well-maintained 6-unit multi-residential building (5 x 1-Bedroom units + 1 x Bachelor suite) delivers strong, proven cash flow and outstanding income stability. Financial & Investment Highlights: Strong In-Place Cash Flow: Generates over $87,000+ in annual gross revenue with attractive net operating yields. Property & Mechanical Features: Reliable Heating: Electric baseboard heaters and efficient gas-fired boiler with radiant water heating. Electrical: 200Amp main service with individual sub-panels. Extra Revenue: On-site coin-operated laundry facility in the common basement area. Prime Lot & Amenities: 40' x 125' lot backing directly onto tranquil parkland. Features ample on-site surface parking and individual tenant storage sheds. Prime Location: High-demand rental market with low vacancy rates, close to transit, shopping, schools, and downtown. Ideal addition to any portfolio. Full rent roll and financial package available upon receipt of a signed Confidentiality Agreement. Heating System Note: 5 units are currently heated by independent electric baseboard heaters; 1 bachelor suite is heated via gas boiler / water radiators. (id:31684)

Property Features
  • Heating Information
    • Baseboard
    • Radiant
  • Cooling Information
    • None
  • Water Features
    • Public
Listing Courtesy: HOMELIFE LANDMARK REALTY INC.
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Office
705 356 3948
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