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CAONWahnapitae29 Laren St
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29 Laren St, Wahnapitae, ON

House

For Sale

$X
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431820

MLS® X12956936

  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Residential Income
Size -
Garage Yes
Taxes $29,722
Days Active 3
Lot Size 
Approx. Age 
MLS® Number X12956936

Property Address: 29 Laren St, Wahnapitae, ON, P0M3C0

Average square foot calculated using Size range provided by listing agent.

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. (id:58753)Show Description
MLS® NumberX12956936
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageYes
Approx. Age
BasementUnfinished, N/A
DrivewayAttached Garage, Garage
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

00/00/0000End Date
$XXX,XXXSold Price
Top Secret
00/00/0000List Date
$XXX,XXXList Price
00/00/0000End Date
$XXX,XXXSold Price
Top Secret
00/00/0000List Date
$XXX,XXXList Price
Dec 2, 2021End Date
-Sold Price

Expired

Aug 27, 2021List Date
$2,500,000List Price
  • Commute

Commute

Starting Address
Destination Address
29 Laren St, Wahnapitae, ON

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