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$2,999,900
Ontario,Greater Sudbury (Sudbury)
For Sale Active
29 LAREN STREET, Greater Sudbury (Sudbury), Ontario P0M3C0
  • 43
  • 18
  • 5000 - 100000Square Feet
Basic Details
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:62650)

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Basic Details
  • Property Type: Residential Income
  • Listing Type: For Sale
  • Listing ID: X12956936
  • Price: $2,999,900
  • Bedrooms: 43
  • Bathrooms: 18
  • Square Footage: 5000 - 100000 Sqft
  • Status: Active
  • Property Sub Type: Multi-family
  • Office Key: 300579
Features & Appliances
Features
  • Heating System: Electric, Forced air, Natural gas, Baseboard heaters, Radiant heat, Not known
  • Basement: Unfinished, N/A
  • Parking: Garage, Attached Garage
  • Exterior Features: Brick, Vinyl siding
  • Sewer: Sanitary sewer
  • Utilities: Electricity, Sewer
Address Map
  • Location: CA, Ontario, Greater Sudbury (Sudbury), P0M3C0
  • Street: Laren
  • Street Number: 29
  • Street Suffix: Street
  • Longitude: W81° 12' 54.6''
  • Latitude: N46° 29' 15.9''
Additional Information
  • Water Source:
  • Foundation Details:
  • Lot Size Dimensions: 46.4 x 130.6 FT
  • Stories: 2.0
Financial
  • Tax Annual Amount: 29722.28
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Listing updated: 2026-05-05 05:50:38
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Listing Information
  • List Agent Key: 2251911
  • List Office Key: 300579
  • Modification Timestamp: 2026-04-04T16:21:03Z
  • Originating System Name: Toronto Regional Real Estate Board
  • Status Change Timestamp: 2026-04-04T16:14:15Z
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Listing updated: 2026-05-05 05:50:38
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