590 NORMAN STREET, Greater Sudbury (Sudbury)

$939,000

For sale: Multiplex

Multiplex at 590 NORMAN STREET, Greater Sudbury (Sudbury)
Property type
Investment
Bedrooms / bathrooms
6 bathrooms
MLS®
MLS® X13726524
Neighbourhood
Sudbury

Exceptional turnkey investment opportunity in Sudbury's established West End! This well-maintained 6-unit multi-residential building (5 x 1-Bedroom units + 1 x Bachelor suite) delivers strong, proven cash flow and outstanding income stability. Financial & Investment Highlights: Strong In-Place Cash Flow: Generates over $87,000+ in annual gross revenue with attractive net operating yields. Property & Mechanical Features: Reliable Heating: Electric baseboard heaters and efficient gas-fired boiler with radiant water heating. Electrical: 200Amp main service with individual sub-panels. Extra Revenue: On-site coin-operated laundry facility in the common basement area. Prime Lot & Amenities: 40' x 125' lot backing directly onto tranquil parkland. Features ample on-site surface parking and individual tenant storage sheds. Prime Location: High-demand rental market with low vacancy rates, close to transit, shopping, schools, and downtown. Ideal addition to any portfolio. Full rent roll and financial package available upon receipt of a signed Confidentiality Agreement. Heating System Note: 5 units are currently heated by independent electric baseboard heaters; 1 bachelor suite is heated via gas boiler / water radiators.

Sold data

Homes in Sudbury — recent sold market

Homes in Sudbury took a median of 26 days to sell over the last 365 days, with the quickest quarter selling within 10 days and the slowest quarter taking more than 54, across 45 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 35 days.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 $629,900.

Homes sold for about 1.1% below asking on average, so there was room to negotiate.

About 33% of sales closed above the list price.

Around 13% of sellers reduced their price before finding a buyer.

Median days to sell
26
Median sale price
$629,900
Sale-to-list ratio
98.9%
Sold above asking
33%

Based on 45 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

Homes for sale near 590 NORMAN STREET