368-3689910_homelife-bayside-realty-ltd-brokerage

Vikas Palan Sales Representative Homelife Super Stars Real Estate LTD

Call Now: 416-939-2500 Email: vikas@vikaspalan.com
29 Laren Street, Greater Sudbury, ON P0M 3C0
$2,999,900
  • Sale
  • Multiplex
  • 12 days ago
  • Updated: 2026-04-04

Overview

  • Multiplex
  • 43
  • 18
  • Attached/20
  • 5000 +
  • N/A

Description

18-Unit Multi-Residential Investment - Greater Sudbury, ONThis is not your average income property.Located on a quiet dead-end street just 10-15 minutes from New Sudbury, this fully tenanted 1.2-acre property offers 18 rental units across three property types on one title - eight townhomes, a nine-unit apartment building, and a large five-bedroom home.The eight townhomes are the standout cash flow asset. Each has three bedrooms, 1.5 bathrooms, a full basement, and a private backyard. Tenants pay all their own utilities - heat, hydro, and water - separately metered with individual gas furnaces and water heaters. In Northern Ontario's climate, this significantly reduces your operating costs and protects margins year-round.The nine-unit apartment building offers a stable tenant base with coin-operated laundry, secure storage lockers, and newer high-efficiency Viessmann boilers - meaning low heating costs and no major mechanical expenses on the horizon.Attached to the apartment building is a spacious five-bedroom home with vaulted ceilings, in-suite laundry, a den, and an attached garage - ideal for an owner-occupier or premium rental. A massive 24' x 50' detached triple-car garage adds further utility and income potential.Current rents are below market, giving the next owner a clear and built-in path to grow income over time without additional capital investment. Eighteen units on one property also means one insurer, one maintenance contact, and one property manager - straightforward and efficient to operate.Greater Sudbury's rental market is backed by mining, healthcare, government, and two post-secondary institutions - keeping vacancy rates low and demand steady. For investors priced out of Southern Ontario, this market still delivers returns that make financial sense.Fully tenanted. Turn-key. Priced for a quick sale.

Details

  • X12956936
  • Attached/20
  • $2,999,900
  • Tenant
  • None
  • 18 + 18
  • 2-Storey
  • 43
  • 18
  • 5000 + Sqft
  • N/A N/A
  • N/A
  • Multiplex
  • Sale

Additional details

  • Baseboard / Electric
  • R1-5, R3.D37.5
  • $29722.28
  • 2025
  • PINs: 73481-0008 (LT), 73481-0006 (LT), 73481-0001 (LT), 73481-0493 (LT), 73481-0446 (LT), 73481-0512 (LT); multiple parcels incl. LT 29-33, 1-6 BLK B PL M9 Dryden, PT Pine St, PT Lane (now closed), subject to LT567345 & LT67718; Greater Sudbury
  • N/A
  • N
  • Unfinished
  • Other
  • Municipal

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FAQ
  • What is the total square footage of the X12956936 - 29 Laren Street, Greater Sudbury, ON P0M 3C0?

    The total square footage of this property is 5000 + SqFt.

  • What schools near to X12956936 - 29 Laren Street, Greater Sudbury, ON P0M 3C0?

    The nearest schools are École séparée Notre-Dame-de-la-Merci for elementary and St Charles College for secondary.

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