362 Dell Street, Sudbury, Ontario P3B2M1

Property Description

Discover an outstanding income-generating investment opportunity with this well-maintained 4-plex, featuring four spacious two-bedroom units. Built in 1992, this all-above-ground building is constructed on a slab-on-grade foundation, eliminating basement units—a highly desirable feature for both tenants and landlords. Each unit is separately metered for hydro and gas, with tenants paying their own utilities, helping to minimize operating expenses. Every unit also features its own private laundry facilities and an individual boiler heating system, providing added convenience and independence for occupants. Each unit includes two dedicated parking spaces with electrical plug-ins, for a total of eight parking spaces, plus additional parking available at the rear of the property. Major updates include a roof replaced in 2012 and new boilers installed in November 2024. The building offers a durable brick exterior on the main level with low-maintenance siding on the second level. Ideally situated in a strong rental location with consistent tenant demand, this turnkey property is an exceptional opportunity for both investors and owner-occupants. Maximize your investment by renting all four units, or live in one unit while generating rental income from the remaining three. For qualified buyers, lenders may consider the rental income from the other three units when assessing mortgage eligibility, making it possible to own this outstanding investment property with as little as a $50,000 down payment (subject to lender approval and buyer qualification). Cash Flow Analysis under Documents. (id:5764)