2005 Richard Street, Sudbury, ON P3B1Y1
Key Facts
Description
Exceptional investment opportunity in the highly desirable Minnow Lake neighbourhood! This well-maintained fourplex with an additional one-bedroom in-law suite offers investors a rare combination of strong income potential, extensive capital improvements, and long-term value. Ideally situated close to shopping, public transit, schools, restaurants, and other everyday amenities, this property continues to attract quality tenants in a high-demand rental market. Pride of ownership is evident throughout, with numerous recent updates that minimize future maintenance and enhance tenant appeal. Over the past several years, multiple units have been renovated, including modern kitchen upgrades, new waterproof luxury vinyl plank flooring, refreshed bathrooms, updated Slant/Fin radiator heating, fresh paint, and numerous interior improvements. The building has also benefited from significant mechanical upgrades, including improvements to the boiler heating system, updated electrical panels with separate hydro meters for each unit, newer windows, and a recently updated coin-operated laundry facility. Ample on-site parking adds further convenience for tenants, while the property's R1-5 LNC (Legal Non-Conforming) zoning provides a proven, established multi-family investment. Whether you're looking to expand an existing portfolio or acquire a turnkey income property with documented improvements and excellent rental appeal, this is an outstanding opportunity to own a quality asset in one of Greater Sudbury's most sought-after neighbourhoods. (id:31684)
Property Information
Property Type
Residential Income
Sub-Type
Multi Family
Ownership
Freehold
Listing #
2128976
Property Features
Heating
Sewer
Affordability Calculator
$219,980
Estimated monthly payment
$5,854/mo
Principal $879,920 · Est. interest $1,227,567 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Sudbury, ON
- CA$552,294
- Median Listing Price
- 33
- Median Days on Market
- 1,300
- Median Sq Ft
- CA$338
- Median Price / Sq Ft
- 303
- Active Listings
- This home’s price is 99% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Sudbury, ON.
Location
Points of Interest in Sudbury, ON
Showing the Sudbury area map.
Nearby Schools
Adamsdale Public School
School · 0.4 km away
Pius XII
School · 0.4 km away
École St-Pierre
School · 0.5 km away
Westmount Avenue Public School
Elementary · 2.0 km away
St. Charles College
Secondary School · 2.9 km away
Churchill Public School
School · 3.0 km away
Ecole Publique Jean-Ethier-Blais
Elementary · 3.6 km away
Carl A. Nesbitt Public School
School · 3.7 km away
St-Dominique School
School · 3.8 km away
Ecole Publique Jeanne-Sauve
School · 4.0 km away
The Look Above
School · 4.0 km away
Barrydowne College Senior
Secondary School · 4.1 km away
Ecole Separee Felix-Ricard
School · 4.1 km away
Cedar Park Day Care
School · 4.2 km away
Ecole Secondaire du Sacre-Coeur
Secondary · 4.2 km away
Conseil Scolaire Catholique Nouvelon
Elementary · 4.3 km away
Modern College of Hairstyling & Esthetics
School · 4.3 km away
Ecole Cap Sur Lavenir
School · 4.4 km away
College Notre-Dame
School · 4.6 km away
Marymount Academy
School · 4.6 km away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 602 Makynen Road, Greater Sudbury, ON | CA$775,000 | 2 | 2 | — |
| Lot 1 Bancroft Drive, Sudbury, ON | CA$775,000 | — | — | — |
| 899 Roderick Avenue, Sudbury, ON | CA$775,000 | 3 | 3 | — |
| 257 Oak Street, Sudbury, ON | CA$775,000 | — | — | — |
| 371 Moonrock Avenue, Sudbury, ON | CA$779,900 | 3 | 3 | — |
| 61 Crater Crescent, Sudbury, ON | CA$784,900 | 4 | 2 | — |
Moving Cost Estimate
EXIT Agents in Sudbury
Listing Courtesy: ROYAL LEPAGE NORTH HERITAGE REALTY, BROKERAGE
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