341 Antwerp Avenue

Welcome to this fantastic opportunity to acquire a Multi-Family Home for sale in Greater Sudbury , located at 341 Antwerp Avenue, Greater Sudbury. This well-maintained multiplex is a prime investment, comprising six self-contained units, which include a mix of bachelor, one-bedroom, and two-bedroom apartments. With a total of eight bedrooms and six bathrooms, this property is designed to cater to a variety of tenants, making it an excellent choice for anyone looking to invest in the rental market.

Situated on a spacious lot measuring 66 X 120 feet, this Multi-Family Home for sale in Greater Sudbury boasts a brick exterior that not only adds to its aesthetic appeal but also ensures durability. The building is a two-storey structure, providing ample living space across its 15 total rooms. The property is fully tenanted, with strong rental income and consistent occupancy, offering excellent cash-flow potential for the savvy investor. The current configuration of six units has been confirmed by the Town as a legally established and permitted use, with municipal records supporting its status as a legal sixplex.

At 341 Antwerp Avenue, Greater Sudbury, recent upgrades to the electrical and plumbing systems enhance long-term reliability and reduce maintenance concerns, making this Multi-Family Home for sale in Greater Sudbury a sound investment. The property currently enjoys a cap rate of approximately 10%, presenting a solid income-producing opportunity with potential for future appreciation. Financial statements are available upon request, providing transparency for prospective buyers.

One of the standout features of this property is its prime location. Ideally situated near schools, public transport, shopping, and other local amenities, it is highly attractive to tenants looking for convenience and accessibility. The absence of a central vacuum system and air conditioning may be noted, but the radiant heating system ensures warmth during the colder months. While there is no pool or fireplace, the property compensates with its generous parking space, accommodating up to six vehicles, and a detached garage that provides additional storage or parking options.

This Multi-Family Home for sale in Greater Sudbury is unfurnished, allowing new owners the flexibility to furnish the units to their liking, catering to a diverse range of tenants. The partially finished basement offers potential for further development or storage, adding to the versatility of this property. With no additional land included, the focus remains on the existing six units, which are all designed to maximise rental potential.

341 Antwerp Avenue, Greater Sudbury, is not just a property; it is a gateway to a thriving rental market. The demand for multi-residential buildings in this area is strong, and with the right management, this Multi-Family Home for sale in Greater Sudbury can yield impressive returns. The Seller may even consider a Vendor Take-Back (VTB) mortgage, making this opportunity even more accessible for potential buyers.

In summary, if you’re looking for a well-located, income-producing property in Greater Sudbury, this Multi-Family Home for sale in Greater Sudbury at 341 Antwerp Avenue is an exceptional choice. With its strong rental history, excellent cash-flow potential, and attractive location, it stands out as a prime investment opportunity. Don’t miss your chance to own a piece of this vibrant community and secure your financial future with this promising property.

Sudbury, nestled within the city of Greater Sudbury in Ontario, Canada, is a vibrant and diverse geographic area known for its striking natural beauty and rich cultural heritage. Surrounded by picturesque lakes and lush forests, it offers a unique blend of urban amenities and outdoor recreational opportunities. Residents can enjoy a variety of activities, from hiking and skiing to exploring local art galleries and dining at charming eateries. The community is also home to several educational institutions, making it an attractive destination for families and students alike. With its welcoming atmosphere and a strong sense of community spirit, Sudbury provides an ideal setting for those seeking a balanced lifestyle amidst stunning landscapes.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an ideal choice for families. Within just 0.4 km, you will find Lansdowne Public School, offering grades K to 8 in both English and French, though it has a lower school rating of 1.8. For high school students, Sudbury Secondary School is only 0.5 km away, providing grades 9 to 12 in English and French, with a commendable rating of 5.3. Additionally, St. David Elementary School, a Catholic institution for grades K to 6, is located 0.7 km from the property and boasts a solid rating of 4.6. For older students, Marymount Academy, also a Catholic school for grades 9 to 12, is just 0.7 km away and has an impressive rating of 7.6. Furthermore, St. Francis Elementary School, offering grades K to 6 in French, is situated 2.8 km away and has a rating of 6. Overall, the area provides a diverse range of educational options, ensuring quality schooling for children of all ages.