1492 Regent Street, Greater Sudbury

$1,850,000

For sale: Multiplex

Property type

Multi-family

Living area

10,000 sqft

MLS®

MLS® 2129836

PRIME SOUTH END INVESTMENT OPPORTUNITY 12-Unit Apartment Building on Approximately 1 Acre First Time Ever Offered for Sale — Pride of Ownership from Day One ! An exceptional opportunity to acquire a 12-unit apartment building in a prime South End location, situated on approximately one acre of land and offered for sale by the original owner/builder. This all-brick, meticulously constructed building features 10 large two-bedroom units, 2 bachelor units. All two-bedroom apartments offer the same efficient layout, providing consistency and ease of management. QUALITY CONSTRUCTION & UPDATES - Built with long-term durability in mind, this property showcases quality construction throughout, including:All-brick exterior construction,2-inch styrofoam insulation installed beneath the brick, glued and sealed at every seam concrete block and concrete construction throughout, Quality plaster interior walls,Durable terrazo flooring,Secure building entrance,Fire protection system, On-site laundry facility. Windows replaced throughout in 2024–2025, Shingles replaced approximately 2017. The property currently operates with all-inclusive rents, providing a straightforward rental structure for the existing tenant base. Importantly, there are 12 separate hydro meters, offering a future owner the flexibility to change the rental structure for new tenants, subject to applicable requirements. The property is zoned R3-1 This creates the potential to explore additional multifamily buildings on the existing property. Conveniently located within walking distance of shopping, services, schools, restaurants and other everyday amenities. A dedicated turning lane provides safe and convenient road access from Regent Street, adding further appeal for both residents and future development. Contact us today for additional information and to arrange a private viewing.