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Home ON Greater Sudbury Sudbury
1590 Kelly Lake Road
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1590 Kelly Lake Road $1,949,900
$1,949,900
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1590 Kelly Lake Road
Sudbury, Ontario P3E4M1

MLS® Number: 2120736

Listing Description

Great investment property in Sudbury’s South End location. This building has been meticulously maintained by the owners for over 37 years! There are ten 2-bedroom units and one 1-bedroom unit. All 2-bedroom units feature a walk-in-closet, pantry, and a spacious living and dining room. The 8 units on the second and third floors have a balcony, some overlooking Robinson Lake. All tenants pay their own heat and hydro, have access to a storage locker and a parking spot. The building has been extremely cared for over the years. Upgrades include but not limited to the 40-year shingles (2014), energy efficient doors (2008) and windows (2005), paved driveway and parking lot, fire suppression system (2012). The building has an improved cap rate of 5.61% and gross income over $158K! One unit is currently vacant and will be rented at market rent, or you can set your own rent! The current owners have treated the current tenants like family for all these years. This building is more than just numbers, it is an all brick and concrete building that will bring pride of ownership to the new investors for years to come. You Tube Video: https://www.youtube.com/watch?v=2RmRj8ypMPE (30019334)

Property Summary

Property Type
Multi-family
Storeys
3
Title
Freehold
Land Size
under 1/2 acre
Time on REALTOR.ca
53 days

Building

Interior Features
Flooring
Concrete, Parquet, Carpeted
Basement Type
None
Building Features
Foundation Type
Concrete Slab
Fire Protection
Controlled entry, Fire alarm system
Storage
Storage
Rental Equipment
Water Heater - Electric
Heating & Cooling
Heating Type
Baseboard heaters
Utilities
Utility Sewer
Municipal sewage system
Water
Municipal water
Exterior Features
Roof Style
Unknown (Asphalt shingle)
Exterior Finish
Brick, Vinyl siding
Neighbourhood Features
Amenities Nearby
Park, Public Transit, Schools

Land

Other Property Information
Zoning Description
R3-1
Data provided by: Sudbury Real Estate Board 190 Elm Street, Sudbury, Ontario P3C 1V3

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