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$ 384,000
Est. payment /mo
Active
740 Martindale Road Sudbury, ON P3E4H7
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
MLS® Listing ID 2125815
Property Sub-Type Freehold
Source Sudbury Real Estate Board
Property Description
Welcome to 740 Martindale Road, located in Sudbury's desirable West End. This solid duplex offers roughly 6% Cap Rate and is well-suited for both new and seasoned investors. The upper unit features 2 bedrooms and 1 bathroom and is currently rented for $1,691 + hydro. The main-floor unit offers 3 bedrooms, 1 bathroom, 2 separate entrances, currently rented for $1,470 all-inclusive. Both units provide strong rental demand with the opportunity to increase value and rents through future updates when turnover occurs. The basement includes shared laundry, storage space, a gas furnace, and two electrical panels. With approximately 795 sq. ft., the basement offers potential for additional development, featuring two rooms with windows in place and an existing 3-piece bathroom. Outside, the partially fenced backyard provides a comfortable outdoor space for tenants in this family-friendly neighbourhood. A great opportunity to expand or start your investment portfolio with a well-located income-generating property. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Forced air
Flooring Laminate
Exterior
Parking Features No
View Y/N No
Roof Type Unknown
Private Pool No
Building
Story 2
Sewer Municipal sewage system
Others
Ownership Freehold
Listed by ROYAL LEPAGE NORTH HERITAGE REALTY, BROKERAGE
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