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Listed by LUKE SMITH JOHN E. SMITH REALTY SUDBURY LIMITED, BROKERAGE
$ 350,000
Est. payment /mo
New
46 Neelon AVE Sudbury, ON P3B 3K1
UPDATED:
Key Details
Property Type Other Types
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Subdivision Minnow Lake - S205
MLS Listing ID 2130304
Available Date 2026-09-11
Property Sub-Type Triplex
Property Description
INVESTMENT OPPORTUNITY IN MINNOW LAKE! Solid brick duplex with a third unit, ideally situated on a quiet dead-end street. The property currently generates approximately $34,305 in gross annual rental income, with all three units tenanted and rents inclusive of utilities. Unit 1 is a 1-bedroom renting for $1,400/month, Unit 2 is a 2-bedroom renting for $793.78/month, and Unit 3 is a 2-bedroom renting for $665.05/month. Taxes are $4,940. With rents well below current market levels, this property offers excellent long-term upside for the right investor. Shingles have been updated. Some work and updating will be required. Older forced air gas furnace. Water heater is owned. Estate sale and being sold “as is”. Buyer to assume all existing tenants. A great opportunity to acquire a solid brick income property in a desirable Minnow Lake location and build value over time.
Location
Province ON
Rooms
Basement None
Interior
Heating Forced Air
Flooring Laminate, Vinyl
Exterior
Exterior Feature Brick
Parking Features Attached Garage
Building
Sewer 2004