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29 Laren ST Greater Sudbury, ON P0M 3C0
43 Beds
18 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 5000 +
Subdivision Sudbury
MLS Listing ID X12956936
Style 2-Storey
Bedrooms 43
Annual Tax Amount $29,722
Tax Year 2025
Property Sub-Type Multiplex
Property Description
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.
Location
State ON
County Greater Sudbury
Area Greater Sudbury
Zoning R1-5, R3.D37.5
Rooms
Family Room No
Basement Unfinished
Kitchen 18
Interior
Interior Features Storage Area Lockers
Cooling Other
Inclusions Coin operated washer and dryer. 18 Stoves and 18 Refrigerator
Exterior
Garage Spaces 1.0
Pool None
Roof Type Shingles
Lot Frontage 46.41
Lot Depth 130.64
Total Parking Spaces 20
Building
Foundation Block
Others
Senior Community Yes
ParcelsYN No
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Listed by EXP COMMERCIAL BROKERAGE
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