362 St George Street Sudbury, Ontario P3B 2L6
$599,000
Excellent value-add 5-plex opportunity for the savvy investor. This income-producing property generates $91,000 in gross annual rental income and 10% cap rate with upside potential through unit turnover, rental uplift and strategic upgrades. Currently 2 of the 5 units are vacant, including an upcoming vacancy at the end of June, giving buyers the rare opportunity to renovate and reposition immediately after closing. This property offers strong existing cash flow while providing clear potential to increase income over time. All units rents are all-inclusive for simplified management. Rear main floor tenant currently has use of the garage, included in rent. Potential to purchase the adjacent three unit property at 366 St. George as a package deal! A great opportunity to increase value and maximize long term returns. (id:61445)
Property Details
| MLS® Number | 2127819 |
| Property Type | Multi-family |
| RoadType | Paved Road |
Building
| BasementType | Full |
| CoolingType | None |
| ExteriorFinish | Vinyl Siding |
| HeatingType | Boiler |
| RoofMaterial | Tin |
| RoofStyle | Unknown |
| UtilityWater | Municipal Water |
Land
| AccessType | Year-round Access |
| Acreage | No |
| Sewer | Municipal Sewage System |
| SizeTotalText | 4,051 - 7,250 Sqft |
| ZoningDescription | R2-3 |
https://www.realtor.ca/real-estate/29804313/362-st-george-street-sudbury
Interested?
Contact us for more information
Christian Lacelle
Salesperson
860 Lasalle Blvd
Sudbury, Ontario P3A 1X5
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June 17 2026 06:13:17
Royal LePage North Heritage Realty, Brokerage