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    For Sale - 590 Norman Street, Greater Sudbury, Ontario

    Est payment $4,509/mo
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    Views   2
    Time on Jump  22 day

    AI Summary *

    • Turnkey investment with proven cash flow and stability in West End.
    • Six well-maintained units, including five 1-bedroom and one bachelor suite.
    • Extra income from on-site coin-operated laundry in common area.
    • Ample parking and tenant storage available on the property.
    • Located in a high-demand rental market near amenities and transit.




    Exceptional turnkey investment opportunity in sudbury's established west end! This well-maintained 6-unit multi-residential building (5 x 1-bedroom units + 1 x bachelor suite) delivers strong, proven cash flow and outstanding income stability. Financial & investment highlights: strong in-place cash flow: generates over $87,000+ in annual gross revenue with attractive net operating yields. Property & mechanical features: reliable heating: electric baseboard heaters and efficient gas-fired boiler with radiant water heating. Electrical: 200amp main service with individual sub-panels. Extra revenue: on-site coin-operated laundry facility in the common basement area. Prime lot & amenities: 40' x 125' lot backing directly onto tranquil parkland. Features ample on-site surface parking and individual tenant storage sheds. Prime location: high-demand rental market with low vacancy rates, close to transit, shopping, schools, and downtown. Ideal addition to any portfolio. Full rent roll and financial package available upon receipt of a signed confidentiality agreement. Heating system note: 5 units are currently heated by independent electric baseboard heaters; 1 bachelor suite is heated via gas boiler / water radiators.
    Listing IDX13726524
    Address590 Norman Street
    CityGreater Sudbury, Ontario
    Price$939,000
    Bath6 Full
    StyleInvestment
    Land Size4790
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype InvestmentCommunity Features Public Transit, Recreation/Community CentreBasement 1Heating / Cooling BaseboardSewer Sanitary+Storm

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    Listing Agency:  HOMELIFE LANDMARK REALTY INC.

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    590 Norman Street
    Greater Sudbury , Ontario
    6 $939,000
    Get more info