$1,550,000
For sale: Multiplex

Exceptional investment package of 5 residential units in 2 buildings located in one of the best rental areas in Greater Sudbury. 2012-built Fourplex consisting of four 2-bedroom units with separate entrances, balconies, carpet free, laundry in each unit, along with separate gas, hydro, and water meters. Extremely well maintained, this building is like new and features in-floor heat and separate ductless units for air conditioning. The single family house at 1138 Mcallister is home to a long-term tenant and could be an ideal candidate for a redevelopment to a multi-unit building. This package shows excellent revenue and strong net income, and would be a great addition to your portfolio.
Sold data
Homes in Greater Sudbury took a median of 22 days to sell over the last 365 days, with the quickest quarter selling within 10 days and the slowest quarter taking more than 49, across 68 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 35 days.
The median sale price was $672,450.
Homes sold for about 1.2% below asking on average, so there was room to negotiate.
About 34% of sales closed above the list price.
Around 16% of sellers reduced their price before finding a buyer.
Based on 68 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
Greater Sudbury has 1 Fraser Institute–rated school (1 elementary).
School ratings from the Fraser Institute's Ontario school report cards.
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