1/48374 Montague, Sudbury
374 Montague, Sudbury, ON P3C4G5
$479,900 total
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Asset Class
Multifamily
Size
—
Building class
B
Zoning
RA9 — High Rise
$ / SF
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Occupancy
92%
About this property
**EXCELLENT INVESTMENT OPPORTUNITY IN THE HEART OF DOWNTOWN SUDBURY!** This well-located 5-plex offers exceptional flexibility for investors and owner-occupiers alike. Featuring four one-bedroom units plus a spacious, house-style three-bedroom unit with a full basement, this property offers a unique opportunity in Sudbury's strong rental market. **A MAJOR BONUS — TWO UNITS WILL BE VACANT ON CLOSING**, including the desirable three-bedroom unit, allowing the new owner the opportunity to establish their own rental rates or enjoy the benefits of owner-occupied living while generating income from the remaining units. Additional highlights include rear lane parking, six separate hydro meters, tenant-paid hydro, a newer roof, electrical updates and some newer windows. Centrally located with convenient access to downtown amenities, shopping, transit and services. Whether you're looking to expand your investment portfolio or live comfortably while building equity, this versatile property offers tremendous potential! (id:66811)
Financial sandbox
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$2K
Projected NOI
$20K
Annual cash flow
$-7K
Cash-on-cash
-4.75%
DSCR
0.74
Going-in cap
4.12%
Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.
Area demographics
Trade area within 3 miles of the property.
Population
66,804
Households
25,354
Median income
$68,500
Median age
37.7
Daytime population
77,134
5-yr growth
6.2%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for 374 Montague, Sudbury.
Offering Memorandum
PDF · 4.2 MB
Rent Roll & T-12
XLSX · 820 KB
Environmental Phase I
PDF · 6.7 MB
Site Survey & Plans
PDF · 11.4 MB
Zoning Confirmation Letter
PDF · 310 KB
Preview experience — the electronic NDA is illustrative and is not a binding agreement.