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339 Queen Street
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339 Queen Street $599,900
$599,900
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339 Queen Street
Greater Sudbury, Ontario P3B2K3

MLS® Number: 2116549

Listing Description

Exceptional Investment Opportunity - well-maintained fourplex that boasts a 7% CAP RATE. This property features a diverse mix of units, including a 3-bedroom unit, two 2-bedroom units, and a 1-bedroom unit, catering to a wide range of tenants. Each unit has its own separate entrance, ensuring privacy and convenience for all residents. The property is equipped with five separate hydro meters, allowing tenants to have individual control of heat. A new gas hot water boiler has been installed, further enhancing the appeal of this investment. Here's a brief overview of the units: - Unit 1: A spacious 3-bedroom unit, currently rented for $2200/month plus hydro. - Unit 2: A cosy1-bedroom unit, currently rented for $1250/month plus hydro. - Unit 3: Another 2-bedroom unit, currently rented for $787/month, inclusive of utilities. The tenant maintains the grounds, including snow removal, grass cutting, and general repairs, in exchange for a reduction in rent. - Unit 4: A spacious 2-bedroom unit, currently rented for $1000/month, all-inclusive. All tenants are comparative and consistently pay their rent on time, contributing to the stability of your investment. This fourplex represents a fantastic investment opportunity, combining reliable cash flow with the potential for capital appreciation. Don't miss out on this chance to add a high-performing asset to your portfolio.showing are every Tuesday and Thursdays 1pm to 8pm (28992050)

Property Summary

Property Type
Multi-family
Storeys
2
Title
Freehold
Land Size
4,051 - 7,250 sqft
Parking Type
Parking Space(s)
Time on REALTOR.ca
38 days

Building

Interior Features
Basement Type
Full
Building Features
Foundation Type
Block
Rental Equipment
Water Heater - Gas
Total Units
4
Heating & Cooling
Heating Type
Boiler
Utilities
Utility Sewer
Municipal sewage system
Water
Municipal water
Exterior Features
Roof Style
Unknown (Asphalt shingle)
Exterior Finish
Vinyl siding
Parking
Parking Type
Parking Space(s)

Land

Other Property Information
Zoning Description
R2-3
Data provided by: Sudbury Real Estate Board 190 Elm Street, Sudbury, Ontario P3C 1V3

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