$ 1,049,900
2005 Richard Street
2005 Richard Street, Sudbury, ON P3B1Y1 Photo 1
35 Photos
2005 Richard Street, Sudbury, ON P3B1Y1 Photo 2
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2005 Richard Street, Sudbury

Exceptional investment opportunity in the highly desirable Minnow Lake neighbourhood! This well-maintained fourplex with an additional one-bedroom in-law suite offers investors a rare combination of strong income potential, extensive capital improvements, and long-term value. Ideally situated close to shopping, public transit, schools, restaurants, and other everyday amenities, this property continues to attract quality tenants in a high-demand rental market. Pride of ownership is evident throughout, with numerous recent updates that minimize future maintenance and enhance tenant appeal. Over the past several years, multiple units have been renovated, including modern kitchen upgrades, new waterproof luxury vinyl plank flooring, refreshed bathrooms, updated Slant/Fin radiator heating, fresh paint, and numerous interior improvements. The building has also benefited from significant mechanical upgrades, including improvements to the boiler heating system, updated electrical panels with separate hydro meters for each unit, newer windows, and a recently updated coin-operated laundry facility. Ample on-site parking adds further convenience for tenants, while the property's R1-5 LNC (Legal Non-Conforming) zoning provides a proven, established multi-family investment. Whether you're looking to expand an existing portfolio or acquire a turnkey income property with documented improvements and excellent rental appeal, this is an outstanding opportunity to own a quality asset in one of Greater Sudbury's most sought-after neighbourhoods. (id:1945)
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Property details for 2005 Richard Street, Sudbury

Type
Commercial
Parking
Gravel
Heating
Boiler, Hot Water
Exterior
Stucco
Ownership
Freehold

Nearby Listings Stat

Estimated price and comparable properties near 2005 Richard Street

Active Listings
18
Min Price
$199,900
Max Price
$2,350,000
Avg Price
$634,983
Days on Market
28
days
Sold Listings
16
Min Sold Price
$374,900
Max Sold Price
$2,299,900
Avg Sold Price
$735,963
Days until Sold
53
days

Neighbourhood Census Data

Greater Sudbury / Grand Sudbury, Ontario

Population
472
Median Age
44.7
Median Income
$39,936
Dwelling Value
$249,862

Housing Tenure

Owners 78%
Renters 22%

Age Distribution

Dwelling Types

Commute Mode

Education Level

Housing Age

Commute Duration

Avg Household Size: 2.5
Pop. Density: 2,871.0/km²
Avg Shelter Cost: $1,059/mo
Owners with Mortgage: 55.2%
Owners Spending 30%+: 0%
Tenants Spending 30%+: 50%
English only: 65.2%
French only: 1.1%
English and French: 34.8%
Median Household Income: $89,216
Median Employment Income: $33,536

Price History

Listed
October 18, 2026
by ROYAL LEPAGE NORTH HERITAGE REALTY, BROKERAGE
Current Price
$1,049,900
-4.5% from last change
Type
Commercial
For Sale
Price Changes
1
Date Price Change
Current $1,049,900 $50,000 (-4.5%)
Oct 3, 2026 $1,099,900 Listed

Contact Agent Get in touch about 2005 Richard Street, Sudbury

SHAYNE MALONE
SHAYNE MALONE
ROYAL LEPAGE NORTH HERITAGE REALTY, BROKERAGE

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