For Sale · Multifamily

264 Mountain, Sudbury

264 Mountain, Sudbury, ON P3B2T7

$279,900 total

—

Asset Class

Multifamily

Size

—

Building class

B

Zoning

RA8 — Medium Rise

$ / SF

—

Occupancy

95%

About this property

Centrally located investment opportunity featuring two vacant units and plenty of potential! The front unit offers a spacious eat-in kitchen and living room on the main floor, with three generously sized bedrooms upstairs. The rear unit features two good-sized bedrooms upstairs, along with a comfortable main-floor living space. With ample parking and two entrances per unit, this property offers excellent flexibility for investors or first-time buyers looking to offset their mortgage with rental income. Both units are vacant and ready for your vision. Don’t miss this opportunity to make this versatile property your own! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$280K
Down payment30% · $84K
Interest rate6.25%
Amortization25 years
Occupancy95%
Expense growth2.5%

Monthly debt service

$1K

Projected NOI

$14K

Annual cash flow

$-1K

Cash-on-cash

-1.47%

DSCR

0.92

Going-in cap

5.10%

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

75,888

Households

28,602

Median income

$88,500

Median age

45.1

Daytime population

99,624

5-yr growth

8.2%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 264 Mountain, Sudbury.

NDA required
  • 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.