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$ 3,599,000
Est. payment /mo
New
2 Carter Street Greater Sudbury, ON P0M2C0
UPDATED:
Key Details
Property Type Commercial
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
MLS® Listing ID 2122200
Originating Board Sudbury Real Estate Board
Property Sub-Type Freehold
Property Description
Calling all investors—this is a rare opportunity to acquire a solid, meticulously maintained income-generating 28-unit apartment building located in the City of Greater Sudbury (Levack). Constructed of concrete block and concrete floors, this well-maintained property features a highly desirable unit mix, consisting of 25 spacious two-bedroom units and 3 one-bedroom units, making it an excellent choice for attracting quality, long-term tenants. With zero vacancy and full rent collection, the building offers immediate, consistent cash flow and strong upside potential for investors focused on income stability and long-term value in a growing rental market. The property has undergone numerous capital improvements in recent years. All windows were replaced in 2019, increasing energy efficiency and reducing maintenance costs. Two high-efficiency Buderus boilers were installed in 2015, ensuring reliable heating throughout the building. The parking lot was completely repaved in 2020, further enhancing the curb appeal and functionality of the site. The roof is inspected annually, reflecting a proactive approach to maintenance, and the building is fully fire-code compliant and secure. Additional features include terrazzo stairs and durable steel staircases, as well as a controlled entrance equipped with an annunciator fire panel, offering added security and tenant convenience. All building systems and mechanical equipment are owned outright—there are no rentals—demonstrating true pride of ownership and reduced operating expenses for the new owner. This turnkey asset is ideally suited for the savvy investor seeking a low-maintenance, high-performing property in one of Northern Ontario's most stable and in-demand rental markets. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Boiler
Flooring Laminate, Vinyl, Other, Carpeted
Exterior
Parking Features No
View Y/N No
Roof Type Unknown
Private Pool No
Building
Sewer Municipal sewage system
Others
Ownership Freehold
Listed by ROYAL LEPAGE NORTH HERITAGE REALTY, BROKERAGE
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