1023 Lorne Street, Greater Sudbury
$1,049,000
For sale: Multiplex
- Property type
- Multi-family
- MLS®
- MLS® 2131098
Tired of the makeshift rentals on the market? This true purpose-built fourplex is exactly what your portfolio is looking for. All four units are basically identical offering two bedrooms, a full bath, in-suite laundry and in-floor heating on the lower level. The open concept main floor living has deck access and half a bath. Yes, you read that right - very unique to have two bathrooms in each unit which can certainly increase future asking rents. Tenants pay their own hydro and gas. Right on the bus route in an ideal rental area, this is a keeper. Whether you're looking to add a solid build to your assets or looking to make your first move into investing, this one is worth the look.
Sold data
Homes in Greater Sudbury — recent sold market
Homes in Greater Sudbury took a median of 26 days to sell over the last 365 days, with the quickest quarter selling within 14 days and the slowest quarter taking more than 50, across 64 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 38 days.
The median sale price was $684,450.
Homes sold for about 1.6% below asking on average, so there was room to negotiate.
About 31% of sales closed above the list price.
Around 17% of sellers reduced their price before finding a buyer.
- Median days to sell
- 27
- Median sale price
- $684,450
- Sale-to-list ratio
- 98.4%
- Sold above asking
- 31%
Based on 64 recorded sales in the last 1 year — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.
Schools
Schools in Greater Sudbury
Greater Sudbury has 1 Fraser Institute–rated school (1 elementary).
- Rated schools
- 1
- Elementary
- 1
Top-rated schools in Greater Sudbury
- George Vanier — elementaryFraser rating 5.8/10
School ratings from the Fraser Institute's Ontario school report cards.
Currently for sale
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