516 Silverman, Greater Sudbury

516 Silverman, Greater Sudbury, ON P3B1A9 Photo 1

30 Photos

516 Silverman, Greater Sudbury, ON P3B1A9 Photo 2
516 Silverman, Greater Sudbury, ON P3B1A9 Photo 3
516 Silverman, Greater Sudbury, ON P3B1A9 Photo 4
516 Silverman, Greater Sudbury, ON P3B1A9 Photo 5
516 Silverman, Greater Sudbury, ON P3B1A9 Photo 6
516 Silverman, Greater Sudbury, ON P3B1A9 Photo 7
  • MLS®: 2115775
  • Added: 32 days ago

Property Details

JUST LISTED in Sudbury, Ontario! This unique two-storey, 4 + 1 unit property is ready to be your next investment opportunity! Four newly renovated 2BR units and a 1BR basement in-law suite make this property ready to cash flow into your portfolio The property offers 4 compelling 2-bedroom units and a particularly cozy, newly renovated 2-bedroom basement in-law suite. With stylish open-concept plans and tons of natural light, every unit is ready to welcome its new tenants. Cozy up in the living area, elegantly designed to set the tone for impressive living and entertaining. An impressive asset is the common area with a coin-operated washer and dryer that boosts utility and value for residents. You won't have to worry about parking, either. There's ample space for all residents’ vehicles plus extra spaces for your guests. ?? For the safety and peace of mind of the tenants, the property boasts a secure entrance. Plus, there's a spacious detached garage that could also be utilized as additional storage or workspace or an added revenue stream. The property has undergone beautiful, modern renovations that will captivate prospective tenants at first sight, with remarkable finishes and details. Located in a serene neighborhood in Sudbury, this property combines luxury living and absolute convenience perfect for discerning residents! Excellent opportunity for a consistent revenue stream for the savvy investor! ?? Don’t miss this opportunity for an amazing investment with just under 9.8% CAP rate! Contact for more details today! #SudburyRealEstate #HomeForSale #JustListed #InvestmentProperty #MultiUnitProperty #OntarioR (id:1945)

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Property Information

  • Roof: Asphalt shingle, Unknown
  • Sewer: Municipal sewage system
  • Heating: Baseboard heaters, Boiler
  • Stories: 2
  • Basement: Full
  • Photos Count: 30
  • Water Source: Municipal water
  • Common Interest: Freehold
  • Zoning Description: r2-3
  • Number Of Units Total: 5
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Nearby Places

Name Type Address Distance
Art Gallery of Sudbury Art gallery 251 John St 0.6 km
Sudbury/Ramsey Lake Water Aerodrome Sudbury/Ramsey Lake Water Aerodrome, (TC LID: CNB8... 0.7 km
St. Albert Adult Learning Centre Albert Adult Learning Centre is an adult high scho... 0.7 km
Art Gallery of Sudbury Established in 1967 by the city's chamber of comme... 0.7 km
Alexandria's Restaurant & Lounge Restaurant 211 Shaughnessy St 1.0 km
Tom Davies Square Local government office 200 Brady St. 1.0 km
Nickel District Conservation Authority Formed in 1973 by the merger of two former conserv... 1.0 km
Old Rock Cafe 212 Minto St 1.0 km
Sudbury railway station (Ontario) This historic station built in 1907 is one of the ... 1.0 km
Tom Davies Square Built in the late 1970s and originally known as Ci... 1.1 km
Sudbury Arena Establishment 240 Elgin St 1.1 km
Sudbury Community Arena It was built in 1951, on the site of the former Ce... 1.1 km
516 Silverman mortgage payment
Based on the given information, we can estimate the monthly mortgage payment for someone interested in purchasing the property located at 516 Silverman. The current price of the property is $995,900, 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 $796,720. This would result in a monthly mortgage payment of $4,657 over a 25-year amortization period.

Demographic Information

Neighbourhood Education

Master's degree 10
Bachelor's degree 25
University / Above bachelor level 10
Certificate of Qualification 10
College 70
University degree at bachelor level or above 40

Neighbourhood Marital Status Stat

Married 90
Widowed 25
Divorced 30
Separated 20
Never married 130
Living common law 70
Married or living common law 160
Not married and not living common law 200

Neighbourhood Construction Date

1961 to 1980 45
1981 to 1990 10
1960 or before 145
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