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Listed by SHAYNE MALONE ROYAL LEPAGE NORTH HERITAGE REALTY, BROKERAGE
$ 1,099,900
Est. payment /mo
Active
2005 Richard Street Sudbury, ON P3B 1Y1
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Subdivision Minnow Lake - S205
MLS Listing ID 2128976
Available Date 2026-07-14
Property Sub-Type Fourplex
Property Description
Exceptional investment opportunity in the highly desirable Minnow Lake neighbourhood! This well-maintained fourplex with an additional one-bedroom in-law suite offers investors a rare combination of strong income potential, extensive capital improvements, and long-term value. Ideally situated close to shopping, public transit, schools, restaurants, and other everyday amenities, this property continues to attract quality tenants in a high-demand rental market. Pride of ownership is evident throughout, with numerous recent updates that minimize future maintenance and enhance tenant appeal. Over the past several years, multiple units have been renovated, including modern kitchen upgrades, new waterproof luxury vinyl plank flooring, refreshed bathrooms, updated Slant/Fin radiator heating, fresh paint, and numerous interior improvements. The building has also benefited from significant mechanical upgrades, including improvements to the boiler heating system, updated electrical panels with separate hydro meters for each unit, newer windows, and a recently updated coin-operated laundry facility. Ample on-site parking adds further convenience for tenants, while the property's R1-5 LNC (Legal Non-Conforming) zoning provides a proven, established multi-family investment. Whether you're looking to expand an existing portfolio or acquire a turnkey income property with documented improvements and excellent rental appeal, this is an outstanding opportunity to own a quality asset in one of Greater Sudbury's most sought-after neighbourhoods.
Location
Province ON
Rooms
Basement Partial
Interior
Heating Boiler, Hot Water
Inclusions Five(5) Fridges, Five(5) Stoves, One(1) Washer - coin Operated, One(1) Dryer - coin operated.
Exterior
Exterior Feature Stucco
Parking Features Assigned, Gravel, Plug Ins
Garage Spaces 5.0
Building
Foundation Block
Others
Senior Community 51 to 99 Y