29 LAREN STREET, Greater Sudbury (Sudbury)
$2,999,900
For sale: Multiplex
- Property type
- Multiplex
- Bedrooms / bathrooms
- 43 bedrooms, 18 bathrooms
- Living area
- 100,000 sqft
- MLS®
- MLS® X12956936
- Neighbourhood
- Sudbury
18-Unit Multi-Residential Investment - Greater Sudbury, ONThis is not your average income property.Located on a quiet dead-end street just 10-15 minutes from New Sudbury, this fully tenanted 1.2-acre property offers 18 rental units across three property types on one title - eight townhomes, a nine-unit apartment building, and a large five-bedroom home.The eight townhomes are the standout cash flow asset. Each has three bedrooms, 1.5 bathrooms, a full basement, and a private backyard. Tenants pay all their own utilities - heat, hydro, and water - separately metered with individual gas furnaces and water heaters. In Northern Ontario's climate, this significantly reduces your operating costs and protects margins year-round.The nine-unit apartment building offers a stable tenant base with coin-operated laundry, secure storage lockers, and newer high-efficiency Viessmann boilers - meaning low heating costs and no major mechanical expenses on the horizon.Attached to the apartment building is a spacious five-bedroom home with vaulted ceilings, in-suite laundry, a den, and an attached garage - ideal for an owner-occupier or premium rental. A massive 24' x 50' detached triple-car garage adds further utility and income potential.Current rents are below market, giving the next owner a clear and built-in path to grow income over time without additional capital investment. Eighteen units on one property also means one insurer, one maintenance contact, and one property manager - straightforward and efficient to operate.Greater Sudbury's rental market is backed by mining, healthcare, government, and two post-secondary institutions - keeping vacancy rates low and demand steady. For investors priced out of Southern Ontario, this market still delivers returns that make financial sense.Fully tenanted. Turn-key. Priced for a quick sale.
Sold data
Homes in Greater Sudbury (Sudbury) — recent sold market
Homes in Greater Sudbury (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.
- Median days to sell
- 22
- Median sale price
- $672,450
- Sale-to-list ratio
- 98.8%
- Sold above asking
- 34%
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
Schools in Greater Sudbury (Sudbury)
Greater Sudbury (Sudbury) has 1 Fraser Institute–rated school (1 elementary).
- Rated schools
- 1
- Elementary
- 1
Top-rated schools in Greater Sudbury (Sudbury)
- George Vanier — elementary, Greater SudburyFraser rating 5.8/10
School ratings from the Fraser Institute's Ontario school report cards.
Currently for sale
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