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29 Laren Street Image 1

$2,999,900

3 days agoMultiplex For Sale
bedrooms43bed
washrooms4bath
MLS - #X12111135

29 Laren Street, Greater Sudbury, ON P0M 3C0

0
Similar Homes Found
$0
Average Price
299990000.0%
Higher than average

Price Comparison

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Property Description

Property type

Multiplex

Lot size

N/A

Style

Other

Approx. Area

N/A

Room Information

Room TypeDimension (length x width)FeaturesLevel
Bathroom2.43 x 3.96 mN/AMain

About 29 Laren Street

This is not your average income property. Set on a quiet dead-end street in a serene, residential pocket just 10-15min from New Sudbury. This rare and versatile investment sits on 1.2 acres and offers 18 total units, made up of eight two-storey townhomes &a 9-unit apartment building with a large five-bedroom, two-storey home attached. Each of the eight townhomes features three bedrooms, one-and-a-half bathrooms, a full basement, and a private backyard. With no shared common areas and separate entrances, they feel just like single-family homes. Even better, all townhomes are separately metered, and tenants pay their own heat, hydro, and water-keeping your operating expenses low and predictable. Each unit is heated by its own forced-air natural gas furnace and has its own water heater. The nine-unit apartment building offers a solid, stable tenant mix and includes access to coin-operated laundry, secure storage lockers, and is heated by newer, high-efficiency Viessmann gas boilers. Attached to the apartment block is a spacious 5-bedroom home perfect for an owner-occupier or as a premium rental. It features its own laundry room, vaulted ceilings, a den, a four-piece and a two-piece bathroom, an attached garage, and a massive detached 24' x 50' triple-car garage. This is a truly unique opportunity to own a turn-key income-generating property with tremendous value. Don't miss your chance to invest in something special with exceptional unmatched long term upside and retention. Current rents leave remarkable potential for future growth. **INTERBOARD LISTING: SUDBURY REAL ESTATE BOARD**

Home Overview

Last updated

3 days ago

Virtual tour

None

Basement information

Other

Building size

--

Status

In-Active

Property sub type

Multiplex

Maintenance fee

$N/A

Year built

--

Listed by REAL BROKER ONTARIO LTD.

Additional Details

Basement:Other
Cooling:Other
Heating:Forced Air
Parking Features:Available

MORTGAGE INFO

ESTIMATED PAYMENT

$0 Principal and Interest
$0 Property Taxes

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