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90 Riverside Drive Greater Sudbury, Ontario P3E 1G8

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$1,020,000

MLS® Number: X12260498

Prime Investment Opportunity: The Anna 6-Plex with In-Law Suite in Sudbury Discover The Anna, a well maintained 6-plex with an additional2-bedroom in-law suite, strategically located in the heart of Sudbury. This turnkey multi-family property combines modern upgrades, reliable cash flow, and low maintenance, making it an exceptional investment opportunity. Property Highlights Configuration: Seven spacious 2-bedroom units, including one in-law suite, all fully occupied with a mix of long-term tenants at near-market rental rates. Rental Income: Unit 1: $1,600/month (all-inclusive)Unit 2: $1,650/month + hydro Unit 3: $1,450/month + hydro Unit 4: $1,450/month + hydro Unit 5: $1,300/month + hydro Unit 6: $1,350/month + hydro Unit 7: $1,620/month (all-inclusive)Laundry: $300/month Total Monthly Income: $9,720Annual Gross Income: $116,640Taxes 2025Modern Upgrades:$8974Updated kitchens and refreshed bathrooms in all units. Fresh paint and hardwood flooring in most units, enhancing tenant appeal. Six units feature private walkout porches, providing desirable outdoor living space. Cost-Efficient Operations: Six units equipped with individual hydro meters; tenants in five units cover their own hydro expenses, minimizing owner costs. New boiler installed in 2022 for reliable heating. Rented hot water tank on-site coin laundry facilities add convenience and reduce maintenance overhead. Investment Advantages: (id:59126)

Business

Business Type Residential
Business Sub Type Apartments

Property Details

MLS® Number X12260498
Property Type Multi-family
Community Name Sudbury
Amenities Near By Public Transit
Equipment Type Water Heater
Parking Space Total 5
Rental Equipment Type Water Heater

Building

Age 51 To 99 Years
Appliances Dryer, Hood Fan, Washer
Heating Fuel Natural Gas
Heating Type Hot Water Radiator Heat
Size Exterior 9600 Sqft
Size Interior 9,600 Ft2
Type Multi-family
Utility Water Municipal Water

Land

Acreage No
Land Amenities Public Transit
Size Depth 72 Ft
Size Frontage 40 Ft
Size Irregular Bldg=40 X 72 Ft
Size Total Text Bldg=40 X 72 Ft
Zoning Description R2-3

https://www.realtor.ca/real-estate/28553793/90-riverside-drive-greater-sudbury-sudbury-sudbury

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