$649,900
For sale: Multiplex

Very profitable building! This Duplex has been deemed legal non conforming and an application has been made to make the third unit a legal additional dwelling unit. Located on a quiet cul de sac in Minnow Lake featuring one 4-bedroom unit with in-suite laundry and two 2-bedroom units. This unit has separate gas and hydro. The tenant is paying $1800 plus utilities. The back section features two 2 bedroom units and both are vacant and ready for immediate occupancy. The upper unit has built in laundry. The potential rent upstairs is $2000-2200 all inclusive and downstairs $1750-1850 all inclusive. Very deep and private lot. There are 2 seperate gas and hydro meters with a combination of hot water heat and forced air heat with no rental equipment! Great location in walking distance to the future KED development on the Kingsway.
Sold data
Homes in Greater Sudbury took a median of 20 days to sell over the last 365 days, with the quickest quarter selling within 9 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 34 days.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 35% of sales closed above the list price.
Around 15% 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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