248 Murray Street, Greater Sudbury
$775,000
For sale: Multiplex
- Property type
- Multi-family
- MLS®
- MLS® 2130436
Welcome to 248-250 Murray in Sudbury — a profitable 5-plex investment property located right in the downtown core. With a solid cap rate of 8.3%, this multi-family building offers an excellent opportunity for investors looking to add a solid income-producing property to their portfolio. The building features 6 separate meters, adding convenience and flexibility, along with ample parking at the rear of the property — a valuable feature in a central location. Close to downtown amenities, transit, restaurants, shopping, and services, 248 Murray is a well-positioned multi-family property with consistent numbers and long-term rental appeal.
Sold data
Homes in Greater Sudbury — recent sold market
Homes in Greater Sudbury took a median of 23 days to sell over the last 365 days, with the quickest quarter selling within 10 days and the slowest quarter taking more than 53, across 66 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 36 days.
The median sale price was $677,450.
Homes sold for about 1.6% below asking on average, so there was room to negotiate.
About 32% of sales closed above the list price.
Around 17% of sellers reduced their price before finding a buyer.
- Median days to sell
- 23
- Median sale price
- $677,450
- Sale-to-list ratio
- 98.4%
- Sold above asking
- 32%
Based on 66 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
Homes for sale near 248 Murray Street
$600,000
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Detached321,100–1,500 sqft4803 Serenna Drive, Hanmer
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Vacant Land402 Marttila Drive, Sudbury
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Other1035 Hwy 17 E, Wahnapitae
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Detached431,500–2,000 sqft171 Stewart Drive, Sudbury