579 Kingsway

Introducing a remarkable opportunity to acquire a Multi-Family Home for sale in Greater Sudbury , located at 579 Kingsway Way, Greater Sudbury. This investment property, which is a legal four-plex, is situated on a generous lot measuring 50 feet by 120 feet, providing ample space for potential enhancements. The building, constructed in 1940 and boasting a style typical of its era, is a 1 1/2 storey multiplex with vinyl siding that remains in very good condition.

This Multi-Family Home for sale in Greater Sudbury features a total of seven bedrooms and four full bathrooms, making it an excellent choice for investors seeking to capitalise on rental income. The property is equipped with three kitchens, allowing for efficient meal preparation across the various units. Additionally, there is one more kitchen that adds to the functionality of the space. With a total of ten rooms, including four additional rooms, this property is designed to accommodate multiple families comfortably.

One of the key highlights of this property is the separate entrance to the fully finished basement, which includes an apartment, providing further rental potential. The basement adds significant value to the Multi-Family Home for sale in Greater Sudbury, allowing for additional living space or rental income. The property also benefits from municipal water and sewer services, ensuring reliable utilities for all tenants.

While the house does not feature air conditioning or a central vacuum system, it does have a gas forced air furnace, which is owned and approximately ten years old, ensuring warmth during the colder months. The property is unfurnished, allowing new owners to personalise the space to their liking. It is important to note that there is no pool or fireplace on the premises, but the ample parking available—four spaces in total—ensures convenience for residents and guests alike.

The property has undergone some updates, including modern electrical breaker panels with 100 amps and a gas hot water tank, which is also owned. The roof shingles were replaced six years ago, adding to the overall integrity of the building. However, it is essential to highlight that this Multi-Family Home for sale in Greater Sudbury requires extensive renovations, providing a blank canvas for buyers looking to invest their time and resources into transforming the property into a lucrative venture.

Currently, the property consists of one vacant two-bedroom unit, one rented three-bedroom unit with the possibility of vacancy, and two rented one-bedroom units. This arrangement offers a mix of immediate income potential while allowing for the new owner to negotiate cash for keys before closing, particularly for the vacant unit.

The location at 579 Kingsway Way, Greater Sudbury, is ideal for attracting tenants, given its proximity to local amenities and services. The community of Greater Sudbury is known for its vibrant atmosphere and accessibility, making it an attractive place to live for families and individuals alike.

In summary, this Multi-Family Home for sale in Greater Sudbury presents an exceptional investment opportunity for those looking to enter the rental market or expand their property portfolio. With its spacious layout, multiple bedrooms, and potential for additional income from the basement apartment, this property at 579 Kingsway Way, Greater Sudbury, is poised to deliver significant returns with the right renovations and management. Don’t miss out on the chance to own this promising property in a thriving community.

Sudbury, located within the city of Greater Sudbury in Ontario, Canada, is a vibrant and diverse geographic area known for its stunning natural landscapes and rich cultural heritage. Nestled amidst the rugged Canadian Shield, the community boasts numerous lakes, parks, and trails, making it a haven for outdoor enthusiasts. The region is steeped in history, with a blend of Indigenous and settler cultures that contribute to its unique character. Residents enjoy a range of amenities, including shopping, dining, and recreational facilities, all while benefiting from a close-knit atmosphere that fosters a sense of belonging. With its strong sense of community spirit and access to both urban conveniences and natural beauty, Sudbury offers an inviting environment for those looking to settle in a dynamic and picturesque locale.

Schools in the Neighbourhood

This property is conveniently located near several reputable schools, making it an excellent choice for families. Within a short distance of approximately 1.3 to 2.6 km, you will find a mix of public and Catholic schools catering to various educational needs. Queen Elizabeth II Public School and Lansdowne Public School offer elementary education in English, with ratings of 3.7 and 1.8, respectively. For French immersion, Alexander Public School stands out with a solid rating of 6.7. Sudbury Secondary School provides a strong high school education in both English and French, boasting a commendable rating of 5.3. Additionally, Marymount Academy, also rated 7.6, offers a Catholic education for grades 9 to 12 in both English and French, ensuring a well-rounded educational experience. St. David Elementary School and St. Francis Elementary School further enhance the options for younger students, with ratings of 4.6 and 6, respectively. Overall, the proximity to these schools, combined with their diverse language offerings and solid ratings, underscores the family-friendly nature of this property, making it an attractive option for potential buyers seeking a nurturing environment for their children’s education.