375 377 Laforest Avenue, Sudbury

375 377 Laforest Avenue, Sudbury, ON P3C5H9 Photo 1

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375 377 Laforest Avenue, Sudbury, ON P3C5H9 Photo 2
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375 377 Laforest Avenue, Sudbury, ON P3C5H9 Photo 7
  • MLS®: 2114341
  • Type: Multifamily
  • Added: 329 days ago
  • Type: Multifamily
  • Listed by: Point2

Property Details

Great opportunity for investors looking for a balance of strong cashflow with potential for future lift. 13 units with lots of character and charm, mix of 2 x 3BR units, 8 x 2BR units, and 3 x 1BR units. 12 of 13 units have been recently updated (kitchens, bathrooms, flooring, etc.). The cute curb appeal combined with the clean updated units, and lovely tenants makes this a no-brainer investment. There is nothing to do but take over ownership, with on-site property managers who can make the transition as seamless as possible. Current Gross Revenue including coin laundry of over $193k/yr. Plenty of recent upgrades make this a true "turn key" investment.\r

Best Mortgage Rates

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Nearby Places

Name Type Address Distance
Food Basics Grocery or supermarket 400 Notre Dame Ave 0.3 km
École Secondaire Du Sacré-Coeur School Greater Sudbury 0.4 km
École secondaire du Sacré-Cœur It is maintained by the Conseil scolaire de distri... 0.5 km
Collège Notre-Dame (Sudbury) The school is part of the Conseil scolaire de dist... 0.7 km
Herc's Greek Eatery Restaurant 875 Notre Dame Ave 0.9 km
Urban neighbourhoods of Sudbury This list includes only those neighbourhoods that ... 1.0 km
Bella Vita Cucina Food 493 Kathleen St 1.1 km
Sudbury Steelworkers Hall The Sudbury Steelworkers Hall was a historic labou... 1.3 km
Pizza Pizza Restaurant 52 Elm St 1.3 km
Tim Hortons Cafe 196 Cedar St 1.4 km
The HourGlass Restaurant & Lounge Restaurant 183 Cedar St 1.4 km
My Thai Palace Food 893 Notre Dame Ave 1.4 km
Similar Multifamilys Stat in Sudbury
We have found 2 Multifamily that closely match the specifications of the property located at 375 377 Laforest Avenue with distances ranging from 2 to 6 kilometers away. The prices for these similar properties vary between 1,599,900 and 1,700,000, providing a good range for comparison. Moreover, we have also discovered that there are a few open Multifamily in the P3C5H9 postal code area of Sudbury Ontario Canada.
375 377 Laforest Avenue mortgage payment
Based on the given information, we can estimate the monthly mortgage payment for someone interested in purchasing the property located at 375 377 Laforest Avenue. The current price of the property is $1,899,000, and the mortgage rate being used for the calculation is 4.44%, which is a competitive rate offered by Ratehub.ca. Assuming a conventional mortgage with a 20% down payment, the total amount borrowed would be $1,519,200. This would result in a monthly mortgage payment of $8,880 over a 25-year amortization period.
Comparison of 375 377 Laforest Avenue, Sudbury, ON with Nearby Multifamilys
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