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
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Toronto · Ontario · Estimates only. Not financial or investment advice. Consult a licensed mortgage broker and accountant before making investment decisions.
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.