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$ 375,000
Est. payment /mo
Price Dropped by $14K
328 Melvin AVE Greater Sudbury, ON P3C 4X3
5 Beds
4 Baths
UPDATED:
02/14/2025 03:30 PM
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2000-2500
Subdivision Sudbury
MLS Listing ID X11437922
Style 3-Storey
Bedrooms 5
Annual Tax Amount $3,353
Tax Year 2023
Property Sub-Type Triplex
Property Description
This legal triplex, located just minutes from downtown Sudbury, offers a prime investment opportunity with four fully separate units, all renovated within the last four years. Modern updates throughout and separate hydro meters allow tenants to cover their own hydro costs, making it an attractive option for investors. With two units currently vacant, you have the flexibility to set market rents or occupy one unit while still generating income. The property boasts a gross income potential of approximately $59,400 annually. Situated close to shopping, dining, schools, and public transit, this property offers both excellent income opportunities and a convenient location. Dont miss out on this turnkey investmentschedule your viewing today! **EXTRAS** The lockbox is located at BACK WINDOW of the building on the 3rd floor landing. Buyer must assume tenants.
Location
Province ON
County Greater Sudbury
Community Sudbury
Area Greater Sudbury
Rooms
Family Room Yes
Basement Apartment
Kitchen 3
Interior
Interior Features Separate Hydro Meter
Cooling None
Fireplace No
Heat Source Electric
Exterior
Parking Features Available
Pool None
Roof Type Asphalt Shingle
Lot Frontage 33.0
Lot Depth 120.0
Total Parking Spaces 1
Building
Foundation Brick
Listed by EXP REALTY