366 Pine St - Multi-Family FOR SALE


Sudbury, ON P3C 1X8
$799,000 CAD
705-822-3833
366 Pine St, Sudbury, ON for Sale
$799,000 CAD
Multi-Family - FOR SALE
1/19
null | 8.81% Cap Rate

366 Pine St
Sudbury, ON P3C 1X8


OVERVIEW

This fully rented, cash-flow-positive 6-unit all-brick apartment building offers immediate income with value-add potential. It includes two 2-bedroom units (with basements for future expansion) and four 1-bedroom units, with three units recently renovated featuring modern finishes and white cabinetry. Features include two natural gas furnaces, and a paved driveway. Key upgrades include shingles (2022), fire-rated doors and windows, fire escape improvements and partial electrical updates with ESA certification, ensuring a well-maintained and compliant building. Situated on a 50’ x 122’ lot in an R2-3 zoned area, the property is municipally serviced and generates strong, stable rental income. With an 9% cap rate, this opportunity offers a rare chance to acquire a turnkey, high-yield asset in Sudbury’s growing market.

FOR SALE DETAILS

PRICE

$799,000 CAD

PRICE/SF

$228 CAD /SF

# OF UNITS

6

PRICE/UNIT

$133,167

CAP RATE

8.81%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1915

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

R2-3

APN/PARCEL ID

021340236

ASK ABOUT THIS PROPERTY

Cassandra BeachRoyal LePage North Heritage RealtyMore Info
705-822-3833

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Cassandra BeachRoyal LePage North Heritage RealtyMore Info
705-822-3833

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.