An exceptional investment opportunity in Sudbury’s West End, this solid brick sixplex at 3–5 Eyre Street features 6 above-grade one-bedroom units (4 compact and 2 larger suites) delivering an annual gross income of over $75,000 with an 8.2% cap rate. The property offers stable tenancy, municipal services, natural gas heating via a hot water boiler system, and a detached garage with rental potential. Zoned R2-3 on a 64.99' x 88' lot with fire code compliance (March 2025), a fully approved safety plan, and positive cash flow projections. This property offers an attractive price per unit and significant potential to increase value through strategic improvements, making it ideal for a BRRRR investment approach. Its location provides convenient access to public transit, schools, and downtown amenities. Detailed financials are available upon request. (id:61445)
| MLS® Number | 2125561 |
| Property Type | Multi-family |
| AmenitiesNearBy | Park, Public Transit, Shopping |
| EquipmentType | None |
| RentalEquipmentType | None |
| RoadType | Paved Road |
| BasementType | Partial |
| ExteriorFinish | Brick |
| FlooringType | Vinyl |
| HeatingType | Boiler |
| RoofMaterial | Asphalt Shingle |
| RoofStyle | Unknown |
| StoriesTotal | 2 |
| UtilityWater | Municipal Water |
| Parking Space(s) |
| AccessType | Year-round Access |
| Acreage | No |
| LandAmenities | Park, Public Transit, Shopping |
| Sewer | Municipal Sewage System |
| SizeTotalText | 4,051 - 7,250 Sqft |
| ZoningDescription | R2-3 |
https://www.realtor.ca/real-estate/29086212/3-5-eyre-street-sudbury
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Cassandra Beach
Salesperson